IPO Pipeline Update (ending 3.9.18)

IPO Boutique keeps apprised of the active pipeline. Currently there are 54 active IPOs in the pipeline as of March 16, 2018. 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: Bilibili Inc.
Symbol: BILI
Description: They represent the iconic brand of online entertainment for the young generations in China. They provide high-quality content and an immersive entertainment experience, and have built their platform based on the strong emotional connections of their users to their content and communities.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, BofA Merrill Lynch, J.P. Morgan
Filed: 3-2-18
Listed Cash Raise: $400m

Company: OneSmart International Education Group Limited
Symbol: ONE
Description: They are the largest premium K-12 after-school education service provider in China in terms of revenue in 2016 and 2017, according to Frost & Sullivan.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, Deutsche Bank Securities, UBS Investment Bank
Filed: 3-2-18
Listed Cash Raise: $300m

Company: Homology Medicines, Inc.
Symbol: FIXX
Description: They are a genetic medicines company dedicated to transforming the lives of patients suffering from rare genetic diseases with significant unmet medical needs by curing the underlying cause of the disease.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): BofA Merrill Lynch, Cowen, Evercore ISI
Co-Manager: BTIG
Filed: 3-2-18
Listed Cash Raise: $100m

Company: Unum Therapeutics, Inc.
Symbol: UNUM
Description: They are a clinical-stage biopharmaceutical company focused on the development and commercialization of novel immunotherapy products designed to harness the power of a patient’s immune system to cure cancer.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, Cowen
Co-Manager: Wedbush PacGrow
Filed: 3-2-18
Listed Cash Raise: $86.25m
UnumTherapeutics.jpg

Company: Vrio Corp
Symbol: VRIO
Description: They are a leading provider of digital entertainment services in South America, with approximately 13.6 million subscribers in the Region as of December 31, 2017.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, Citigroup, Morgan Stanley
Filed: 3-7-18
Listed Cash Raise: $100m

TERMS ADDED

Company: ZScaler, Inc.
Symbol: ZS
Description: Their mission is to empower organizations to realize the full potential of the cloud and mobility by securely connecting users to applications from any device, anywhere.
Trade Date: 3/16
Shares: 10 million
Price Range: $10.00-$12.00
Underwriter(s): Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Deutsche Bank Securities, Credit Suisse, UBS Investment Group
Co-Manager(s): Baird, BTIG, Needham & Co., Stephens Inc.
Terms Added: 3-5-18

Company: Arcus Biosciences, Inc.
Symbol: RCUS
Description: They are a clinical-stage biopharmaceutical company focused on creating innovative cancer immunotherapies by leveraging underexploited biological opportunities.
Trade Date: 3/15
Shares: 7.1 million
Price Range: $13.00-$15.00
Underwriter(s): Citigroup, Goldman Sachs & Co., Leerink Partners
Terms Added: 3-5-18

Company: Bridgewater Bancshares, Inc.
Symbol: BWB
Description: They are a financial holding company headquartered in Bloomington, Minnesota, a suburb located approximately 10 miles south of downtown Minneapolis and in close proximity to the Minneapolis-St. Paul International Airport.
Trade Date: Week of 3/12
Shares: 6.7 million
Price Range: $10.50-$12.50
Underwriter(s): Sandler O Neill + Partners, DA Davidson
Terms Added 3-5-18