IPO Pipeline Update – New Filings & Updated Terms (Week Ending 6.16.17)

IPO Boutique keeps apprised of the active pipeline. Currently there are 63 active IPOs in the pipeline as of June 2, 2016. No SPACs or Unit Offerings are included.

New Filings & Updated Terms (Week ending 6.16.17)

NEW FILINGS

Company: PQ Group Holdings Inc.
Symbol: PQG
Description: They are a leading global provider of catalysts, specialty materials and chemicals, and services that enable environmental improvements, enhance consumer products, and increase personal safety.
Trade Date: TBD
Underwriter(s): Morgan Stanley, Goldman Sachs & Co., Citigroup, Credit Suisse
Co-Manager(s): J.P. Morgan, Jefferies, Deutsche Bank Securities, KeyBanc Capital Markets
Filed: 6-9-17
Listed Cash Raise: $100m

Company: Compulab Ltd.
Symbol: CPUL
Description: They are a global developer and manufacturer of embedded computer systems, fan-less “Mini PCs” and a line of recently developed powerful fan-less computing systems, including workstations, entry-level servers, PCs for industrial and homeland security, or HLS, which are less susceptible to the threat of spyware.
Trade Date: TBD
Underwriter(s): Maxim Group
Filed: 6-12-17
Listed Cash Raise: $24.15m

TERMS ADDED

Company: Altice USA
Symbol: ATUS
Price: Altice USA is one of the largest broadband communications and video services providers in the United States.
Trade Date: 6/23
Shares: 46.5 million
Price Range: $27.00-$31.00
Underwriter(s): J.P. Morgan, Morgan Stanley, Citigroup, Goldman Sachs & Co., BofA Merrill Lynch, Barclays, BNP PARIBAS, Deutsche Bank Securities, RBC Capital Markets
Co-Manager(s): Scotiabank, SOCIETE GENERALE, TD Securities
Terms Added: 6-12-17

Company: Safety, Income and Growth, Inc.
Symbol: SFTY
Trade Date: 6/22
Price: $19.00-$21.00
Shares: 10.25 million
Description: They believe that they are the first publicly-traded company formed primarily to acquire, own, manage, finance and capitalize ground net leases, or GNLs.
Underwriter(s): BofA Merrill Lynch, J.P. Morgan, Barclays
Co-Manager(s): Citigroup, Raymond James, Mizuho Securities
Terms Added: 6-13-17

Company: Four Springs Capital Trust
Symbol: FSPR
Trade Date: 6/23
Price: $17.00-$19.00
Shares 5.6 million
Description: Four Springs Capital Trust is an internally managed real estate investment trust focused on acquiring, owning and actively managing a portfolio of single-tenant, income producing retail, industrial, medical and other office properties throughout the United States that are subject to long-term net leases.
Underwriter(s): RBC Capital Markets, SunTrust Robinson Humphrey
Co-Manager(s): BB&T Capital Markets, Capital One Securities, Ladenburg Thalmann, Wunderlich, Sandler O’Neill + Partners, L.P., Boenning & Scattergood, Inc.
Terms Added: 6-13-17

Company: Granite Point Mortgage Trust
Symbol: GPMT
Description: They are a Maryland corporation that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments.
Trade Date: 6/23
Shares: 10 million
Price Range: $20.00-$21.00
Underwriter(s): J.P. Morgan, Morgan Stanley, Citigroup, BofA Merrill Lynch
Co-Manager: JMP Securities, Keefe Bruyette & Woods
Terms Added: 6-15-17

 

 

Company: Tintri, Inc.
Symbol: TNTR
Description: Their mission is to provide large organizations and cloud service providers with an enterprise cloud platform that offers public cloud capabilities inside their own data centers and that can also connect to public cloud services.
Trade Date: 6/29
Shares: 8.7 million
Price Range: $10.50-$12.50
Underwriter(s): Morgan Stanley, BofA Merrill Lynch, Pacific Crest Securities
Co-Manager(s): Needham & Company, Piper Jaffray, Raymond James, William Blair
Filed: 6-16-17

Company: Mersana Therapeutics, Inc.
Symbol: MRSN
Description: They are a clinical stage biopharmaceutical company focused on developing antibody drug conjugates, or ADCs, that offer a clinically meaningful benefit for cancer patients with significant unmet need.
Trade Date: 6/28
Shares: 5 million
Price Range: $14.00-$16.00
Underwriter(s): J.P. Morgan, Cowen and Company, Leerink Partners
Co-Manager(s): Wedbush PacGrow
Filed: 6-16-17