IPO Pipeline Update (Week ending 1.5.18)


IPO Boutique keeps apprised of the active pipeline. Currently there are 56 active IPOs in the pipeline as of January 5, 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.

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NEW FILINGS

Company: PagSeguro Digital Ltd.
Symbol: PAGS
Description: They are a disruptive provider of financial technology solutions focused primarily on Micro-Merchants, Small Companies and Medium-Sized Companies, or SMEs, in Brazil.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs & Co., Morgan Stanley, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, J.P. Morgan
Filed: 12-26-17
Listed: Cash Raise: $100m

Company: Gates Industrial Corporation plc
Symbol: GTES
Description: They are a global manufacturer of innovative, highly engineered power transmission and fluid power solutions.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Citigroup, Morgan Stanley, UBS Investment Bank, Barclays, Credit Suisse, Goldman Sachs & Co., RBC Capital Markets
Co-Manager(s): Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities, Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank & Co., SunTrust Robinson Humphrey, Academy Securities, BTIG, Guggenheim Securities
Filed: 12-26-17
Listed: Cash Raise: $100m

Company: Menlo Therapeutics, Inc.
Symbol: MNLO
Description: They are a late‑stage biopharmaceutical company focused on the development and commercialization of serlopitant for the treatment of pruritus, or itch, associated with dermatologic conditions such as atopic dermatitis, psoriasis and prurigo nodularis.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Jefferies, Piper Jaffray, Guggenheim Securities
Co-Manager(s): JMP Securities
Filed: 12-28-17
Listed: Cash Raise: $97.5m

Company: Solid Biosciences Inc.
Symbol: SLDB
Description: Their mission is to cure Duchenne muscular dystrophy, or DMD, a genetic muscle-wasting disease predominantly affecting boys, with symptoms that usually manifest between three and five years of age.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): J.P. Morgan, Goldman Sachs & Co., Leerink Partners
Co-Manager(s): Nomura, Chardan
Filed: 12-29-17
Listed: Cash Raise: $100m

Company: ARMO BioSciences, Inc.
Symbol: ARMO
Description: They are a late-stage immuno-oncology company that is developing a pipeline of novel, proprietary product candidates that activate the immune system of cancer patients to recognize and eradicate tumors.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Jefferies, Leerink, BMO
Co-Manager(s): Baird
Filed: 12-29-17
Listed: Cash Raise: $86.25m

Company: resTORbio, Inc.
Symbol: TORC
Description: They are a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for the treatment of aging-related diseases.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): BofA Merrill Lynch, Leerink Partners, Evercore ISI, Wedbush PacGrow
Filed: 12-29-17
Listed: Cash Raise: $85m

Company: Central Puerto S.A.
Symbol: CEPU
Description: They are the largest private sector power generation company in Argentina, as measured by generated power, according to data from CAMMESA. Their common shares are listed on the Bolsas y Mercados Argentinos S.A. under the symbol ‘CEPU’.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): BofA Merrill Lynch, J.P. Morgan, Morgan Stanley
Filed: 1-3-18
Listed: Cash Raise: $100m

TERMS ADDED

Company: Industrial Logistics Properties Trust
Symbol: ILPT
Description: Industrial Logistics Properties Trust was recently formed to own and lease industrial and logistics properties throughout the United States.
Shares: 20 million
Price Range: $28.00-$31.00
Trade Date: 1/12
Underwriter(s): UBS Investment Bank, Citigroup, RBC Capital, Morgan Stanley, Wells Fargo Securities
Co-Manager(s): B. Riley FBR, BB&T Capital Markets, Janney Montgomery Scott, JMP Securities, Oppenheimer & Co.
Terms Added 1-2-18

Company: Liberty Oilfield Services Inc.
Symbol: BDFC
Description: They are a rapidly growing independent provider of hydraulic fracturing services to onshore oil and natural gas exploration and production (E&P) companies in North America.
Shares: 10.7 million
Price Range: $14.00-$16.00
Trade Date: 1/12
Underwriter(s): Morgan Stanley, Goldman Sachs & Co., Wells Fargo Securities, Citigroup, J.P. Morgan, Evercore ISI
Co-Manager(s): Simmons & Company, Tudor Pickering Holt & Co., Houlihan Lokey, Intrepid Partners, Petrie Partners Securities, SunTrust Robinson Humphrey
Terms Added 1-2-18

Company: Entera Bio Ltd.
Symbol: ENTX
Description: They are a clinical-stage biopharmaceutical company focused on the development and commercialization of orally delivered large molecule therapeutics for use in orphan indications and other areas with significant unmet medical need.
Shares: 5 million
Price Range: $10.00-$12.00
Trade Date: TBD
Underwriter(s): Oppenheimer & Co.
Terms Added: 1-5-17

Company: ADT, Inc.
Symbol: ADT
Description: They are the leading provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada.
Shares: 111.1 million
Price Range: $17.00-$19.00
Trade Date: 1/19
Underwriters: Morgan Stanley, Goldman Sachs & Co., Barclays, Deutsche Bank Securities, RBC Capital Markets, Citigroup, BofA Merrill Lynch, Credit Suisse
Co-Manager(s): Imperial Capital, Academy Securities, Allen & Company LLC, Apollo Global Securities, Citizens Capital Markets, LionTree, SunTrust Robinson Humphrey, The Williams Capital Group, L.P.
Terms Added: 1-5-17

IPO Pipeline Update (Week ending 1.5.18)
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