IPO Boutique keeps apprised of the active pipeline. Currently there are 69 active IPOs in the pipeline as of July 20, 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: Urovant Sciences Ltd.
Symbol: UROV
Description: They are a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for urologic conditions.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): J.P. Morgan, Jefferies, Cowen
Filed: 7-13-18
Listed Cash Raise: $150m
Company: Mesa Air Group, Inc.
Symbol: MESA
Description: They are a regional air carrier providing scheduled passenger service to 110 cities in 38 states, the District of Columbia, Canada, Mexico and the Bahamas.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Raymond James, BofA Merrill Lynch
Co-Manager(s): Cowen, Stifel, Imperial Capital
Filed: 7-13-18
Listed Cash Raise: $150m
Company: Remora Royalties, Inc.
Symbol: RRI
Description: They are a growth-oriented Delaware corporation formed to own and acquire overriding royalty, mineral and royalty interests in oil and natural gas properties.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): RBC Capital, Wells Fargo, UBS Investment Bank
Filed 7-16-18
Listed Cash Raise: $100m
Company: Pintec Technology Holdings Limited
Symbol: PT
Description: They operate a leading independent technology platform enabling financial services in China in terms of loan volume facilitated, according to Oliver Wyman.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Goldman Sachs, Deutsche Bank, Citigroup
Filed 7-16-18
Listed Cash Raise: $70m
Company: Ra Medical Systems, Inc.
Symbol: RMED
Description: They are a commercial-stage medical device company leveraging our advanced excimer laser-based platform for use in the treatment of vascular and dermatological diseases.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Piper Jaffray, Cantor
Co-Manager(s): SunTrust Robinson Humphrey, Nomura
Filed 7-16-18
Listed Cash Raise: $86.25m
Company: Pacific City Financial Corporation
Symbol: PCB
Description: They are a registered bank holding company headquartered in Los Angeles, California.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Keefe Bruyette & Woods, Raymond James, Sandler O’ Neill
Filed 7-17-18
Listed Cash Raise: $50m
Note: This stock has traded lightly on the OTC Pink Sheets under the symbol PCFC
Company: Aridis Pharmaceuticals, Inc.
Symbol: ARDS
Description: They are a late-stage biopharmaceutical company focused on the discovery and development of targeted immunotherapy using fully human monoclonal antibodies, or mAbs, to treat life-threatening infections.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Cantor
Co-Manager(s): Maxim Group, Northland Capital
Filed 7-18-18
Listed Cash Raise: $34.5m
TERMS ADDED
Company: Aurora Mobile Limited
Symbol: JG
Description: They are a leading mobile big data solutions platform in China.
Trade Date: 7/26
Shares: 12 million
Price Range: $8.50-$10.50
Underwriter(s): Goldman Sachs, Credit Suisse
Terms Added: 7-13-18
Company: Opera Limited
Symbol: OPRA
Description: They are one of the world’s leading browser providers and an influential player in the field of integrated AI-driven digital content discovery and recommendation platforms.
Trade Date: 7/27
Shares: 9 million
Price Range: $10.00-$12.00
Underwriter(s): CICC, Citigroup
Terms Added: 7-13-18
Company: Tenable Holdings, Inc.
Symbol: TENB
Description: They are the first and only provider of solutions for a new category of cybersecurity that we call Cyber Exposure.
Trade Date: 7/26
Shares: 9.2 million
Price Range: $17.00-$19.00
Underwriter(s): Morgan Stanley, J.P. Morgan, Allen & Company, Deutsche Bank Securities
Co-Manager(s): Stifel, William Blair, BTIG
Terms Added: 7-16-18
Company: Focus Financial Partners Inc.
Symbol: FOCS
Description: They are a leading partnership of independent, fiduciary wealth management firms operating in the highly fragmented registered investment advisor industry, with a footprint of over 50 partner firms across the country.
Trade Date: 7/26
Shares: 16.2 million
Price Range: $35.00-$39.00
Underwriter(s): Goldman Sachs, BofA Merrill Lynch, KKR, BMO Capital, RBC Capital, SunTrust Robinson Humphrey
Co-Manager(s): Fifth Third Securities, Keefe Bruyette & Woods, MUFG, Raymond James, Regions Securities, William Blair
Terms Added: 7-16-18
Company: Aquestive Therapeutics, Inc.
Symbol: AQST
Description: They have a late-stage proprietary product pipeline focused on the treatment of diseases of the Central Nervous System, or CNS.
Trade Date: 7/25
Shares: 4 million
Price Range: $14.00-$16.00
Underwriter(s): BMO, RBC
Co-Manager(s): JMP, Wedbush
Terms Added: 7-16-18
Company: Pinduoduo Inc.
Symbol: PDD
Description: They are an innovative and fast growing new e-commerce platform that provides buyers with value-for-money merchandise and fun and interactive shopping experiences.
Trade Date: 7/26
Shares: 85.6 million ADSs
Price Range: $16.00-$19.00
Underwriter(s): Credit Suisse, Goldman Sachs (Asia), CICC, China Renaissance
Company: Cango Inc.
Symbol: CANG
Description: They are a leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers and other industry participants.
Trade Date: 7/26
Shares: 12.5 million ADSs
Price Range: $10.00-$12.00
Underwriter(s):Morgan Stanley, BofA Merrill Lynch, Goldman Sachs (Asia)
Co-Manager(s); China Merchants Securities (HK), Guotai Junan Securities (Hong Kong) Limited
Terms Added: 7-16-18
Company: Endava, Inc.
Symbol: DAVA
Description: They are a leading next-generation technology services provider and help accelerate disruption by delivering rapid evolution to enterprises.
Trade Date: 7/27
Shares: 5.6 million ADS
Price Range: $17.00-$19.00
Underwriter(s): Morgan Stanley, Citigroup, Deutsche Bank Credit Suisse
Co-Manager(s): Cowen, William Blair
Terms Added: 7-16-18
Company: Berry Petroleum
Symbol: TBD
Description: They are a California-based independent upstream energy company engaged primarily in the development and production of conventional oil reserves located in the western United States.
Trade Date: 7/26
Shares: 18.75 million
Price Range: $15.00-$17.00
Underwriter(s): Goldman Sachs, Wells Fargo, BMO, Evercore ISI, UBS investment Bank
Co-Manager(s): KeyBanc Capital Markets, Capital One Securities, Johnson Rice & Co., Simmons & Company. Tudor, Pickering, Holt & CO., ABN AMRO, ING, BOK Financial Securities, Citizens Capital Markets
Terms Added: 7-16-18
Company: Bionano Genomics, Inc.
Symbol: BNGO
Description: They are a life sciences instrumentation company in the genome analysis space.
Trade Date: TBD
Shares: 3.35 million
Price Range: $8.00-$10.00
Underwriter(s): Roth Capital
Co-Manager(s): Maxim Group
Terms Added: 7-17-18
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