IPO Pipeline Update (Week ending 12.8.17)

IPO Boutique keeps apprised of the active pipeline. Currently there are 56 active IPOs in the pipeline as of December 8, 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: China SXT Pharmaceuticals, Inc.
Symbol: TBD
Description: They are an innovative pharmaceutical company based in China focusing on the research, development, manufacture, marketing and sales of TCMP.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Boustead Securities
Filed: 12-4-17
Listed Cash Raise: $15m

Company: Corporacion America Airports S.A.
Symbol: CAAP
Description: They acquire, develop and operate airport concessions.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Oppenheimer & Co., BofA Merrill Lynch, Citigroup, Goldman Sachs & Co.
Filed: 12-6-17
Listed Cash Raise: $100m

UPDATED TERMS

Company: iClick Interactive Asia Group Limited
Symbol: ICLK
Description: They were the largest independent online marketing technology platform in China in terms of gross billing in 2016 according to Frost & Sullivan.
Shares: 5.88 million
Price Range: $8.00-$9.00
Trade Date: TBD
Underwriter(s): Network One Securities, Shenwan Hongyuan Securities
Terms Added: 12-1-17

Company: Advantage Insurance Inc.
Symbol: AVI
Description: They are an underwriter of specialty private placement life insurance, or PPLI, for high net worth individuals, or HNWIs, business owners and family groups worldwide through their Life Insurance division.
Shares: 10 million
Price Range: $9.00-$11.00
Trade Date: 12/20
Underwriter(s): Raymond James, JMP Securities, B. Riley | FBR
Terms Added: 12-1-17

Company: Casa Systems, Inc.
Symbol: CASA
Description: They provide a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds.
Shares: 8.4 million
Price Range: $15.00-$17.00
Trade Date: 12/14
Underwriter(s): Morgan Stanley, Barclays
Co-Manager(s): Raymond James, Stifel, Macquarie Capital, Northland Capital, William Blair
Terms Added: 12-4-17

Company: Newmark Group, Inc.
Symbol: NMRK
Description: Newmark is a rapidly growing, high margin, full-service commercial real estate services business that offers a full suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Shares: 30 million
Price Range: $19.00-$22.00
Trade Date: 12/15
Underwriter(s): Goldman Sachs & Co., BofA Merrill Lynch, Citigroup, Cantor Fitzgerald, PNC Capital Markets, Mizuho Securities, Capital One Securities, Keefe Bruyette & Woods
Co-Manager(s): Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities, Wedbush Securities
Terms Added: 12-4-17