IPO Boutique keeps apprised of the active pipeline. Currently there are 78 active IPOs in the pipeline as of October 13, 2017. No SPACs or Unit Offerings are included. While the numbers may look diminished, we outlined why “looks may be perceiving” when it comes to the IPO pipeline in this article.
NEW FILINGS
Company: Funko, Inc
Symbol: FNKO
Description: They are a leading pop culture consumer products company.
Trade Date: TBD
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, BofA Merrill Lynch
Co-Manager(s): Piper Jaffray, Jefferies, Stifel, BMO Capital Markets, SunTrust Robinson Humphrey
Filed 10-06-17
Listed Cash Raise: $100 million
Company: Allena Pharmaceuticals, Inc.
Symbol: ALNA
Description: They are a late-stage clinical biopharmaceutical company dedicated to developing and commercializing first-in-class, oral enzyme therapeutics to treat patients with rare and severe metabolic and kidney disorders.
Trade Date: TBD
Underwriter(s): Credit Suisse, Jefferies, Cowen & Company
Co-Manager(s): Wedbush PacGrow
Filed 10-06-17
Listed Cash Raise: $92 million
Company: Spero Therapeutics, Inc.
Symbol: SPRO
Description: They are a multi-asset, clinical-stage biopharmaceutical company focused on identifying, developing and commercializing novel treatments for multi-drug resistant bacterial infections.
Trade Date: TBD
Underwriter(s): BofA Merrill Lynch, Cowen & Company, Stifel
Co-Manager(s): Oppenheimer & Co.
Filed 10-06-17
Listed Cash Raise: $86.25 million
Company: Aquantia Corp.
Symbol: AQ
Description: They are a leader in the design, development and marketing of advanced high-speed communications integrated circuits, or ICs, for Ethernet connectivity in the data center, enterprise infrastructure and access markets.
Trade Date: TBD
Underwriter(s): Morgan Stanley, Barclays, Deutsche Bank Securities
Co-Manager(s): Needham & Co., Raymond James
Filed 10-06-17
Listed Cash Raise: $86.25 million
Company: ERYTECH Pharma S.A.
Symbol: ERYP
Description: They are a biopharmaceutical company developing innovative therapies for rare forms of cancer and orphan diseases. Their ordinary shares are listed on Euronext Paris under the symbol ‘ERYP’.
Trade Date: TBD
Underwriter(s): Jefferies, Cowen, Oddo BHF
Co-Manager(s): JMP Securities
Filed 10-06-17
Listed Cash Raise: $100 million
Company: Sogou Inc
Symbol: SOGO
Description: They are an innovator in search and a leader in China’s Internet industry. Their Sogou Search is the second largest search engine by mobile queries in China and they are the fourth largest Internet company in China.
Trade Date: TBD
Underwriter(s): J.P. Morgan, Credit Suisse, Goldman Sachs, CICC
Co-Manager(s): China Renaissance
Filed 10-13-17
Listed Cash Raise: $600 million
Company: Apellis Pharmaceuticals
Symbol: APLS
Description: They are a clinical-stage biopharmaceutical company focused on the discovery and development of novel therapeutic compounds for autoimmune and inflammatory diseases.
Trade Date: TBD
Underwriter(s): Citigroup, J.P. Morgan
Filed 10-13-17
Listed Cash Raise: $150 million
Note: Previously withdrawn in February 2016
Company: CBTX, Inc
Symbol: CBTX
Description: They are a bank holding company that operates through our wholly-owned subsidiary, CommunityBank of Texas, in Houston and Beaumont, Texas.
Trade Date: TBD
Underwriter(s): Stephens, Keefe Bruyette & Woods, Sandler O’ Neill + Partners
Filed 10-13-17
Listed Cash Raise: $50 million
Company: Bandwidth, Inc
Symbol: BAND
Description: They are a leading cloud-based communications platform for enterprises in the United States.
Trade Date: TBD
Underwriter(s): Morgan Stanley, Keybanc Capital, Baird
Co-Manager(s): Canaccord Genuity, JMP Securities
Filed 10-13-17
Listed Cash Raise: $85 million
Company: Four Seasons Education (Cayman) Inc.
Symbol: TBD
Description: They are dedicataed to providing high quality math education. In 2016 and the six months ended June 30, 2017, we were the largest after-school math education service provider for elementary school students in Shanghai, as measured by gross billings and number of students, according to the Frost & Sullivan Report.
Trade Date: TBD
Underwriter(s): Morgan Stanley, Citigroup, China Renaissance
Filed 10-13-17
Listed Cash Raise: $120 million
Company: PPDAI Group Inc.
Symbol: PPDF
Description: They are a leading online consumer finance marketplace in China with strong brand recognition.
Trade Date: TBD
Underwriter(s): Credit Suisse, Citigroup
Co-Manager(s): Keefe Bruyette & Woods
Filed 10-13-17
Listed Cash Raise: $350 million
Company: Fireman B.V.
Symbol: IFRX
Description: They are a clinical stage biopharmaceutical company focused on applying their proprietary anti-C5a technology to discover and develop first-in-class, potent and specific inhibitors of C5a.
Trade Date: TBD
Underwriter(s): J.P. Morgan, Leerink Partners, BMO Capital Markets
Filed 10-13-17
Listed Cash Raise: $86.25 million
Updated Terms
Company: RISE Education Cayman Ltd.
Symbol: REDU
Description: They operate in Chinas junior English Language Training, or ELT, market, which refers to after-school English teaching and tutoring services provided by training institutions to students aged three to 18.
Shares: 11 million ADSs
Price Range: $12.00-$14.00
Trade Date: 10/20
Underwriter(s): Morgan Stanley, Credit Suisse, UBS
Co-Manager(s): HSBC
Terms Added: 10-6-17
Company: Sea Limited
Symbol: SE
Description: They have developed an integrated platform consisting of digital entertainment (focused on online games), e-commerce, and digital financial services (focused on e-wallet services), each localized to meet the unique characteristics of GSEA. We define GSEA as the combined region of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore.
Shares: 49.69 million
Range: $12.00-$14.00
Trade Date: TBD
Underwriter(s): Goldman Sachs (Asia), Morgan Stanley, Credit Suisse
Co-Manager(s): CITIC, CLSA, Citigroup, Cowen, Nomura, Piper Jaffray, Stifel, Mandiri Sekuritas, PWP Securities, BDO Capital & Investment Corporation, Cathay Securities Corporation, DBS Bank Ltd., Viet Capital Securities
Terms Added: 10-6-17
Company: LiveXLive Media, Inc.
Symbol: LIVX
Description: They are one of the world’s only premium internet networks devoted to live music and music-related video content.
Shares: 7.69 million
Price Range: $12.00-$14.00
Trade Date: 10/19
Underwriter(s): BMO Capital Markets
Co-Manager(s): JMP Securities, Craig Hallum Group
Terms Added: 10-6-17
Company: Loma Negra Corporation
Symbol: LOMA
Description: Loma Negra is the leading cement producer in Argentina.
Shares: 50.2 million ADSs
Price Range: $15.00-$19.00
Trade Date: 11/1
Underwriter(s): BofA Merrill Lynch, Bradesco BBI, Citigroup, HSBC, Itau BBA, Morgan Stanley
Terms Added: 10-12-17
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