IPO Pipeline Update: Week Ending 5.11.18

IPO Boutique keeps apprised of the active pipeline. Currently there are 54 active IPOs in the pipeline as of May 12, 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: U.S. Xpress Enterprises, Inc.
Symbol: USX
Description: They are the fifth largest asset-based truckload carrier in the United States by revenue, generating over $1.5 billion in total operating revenue in 2017.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, Wells Fargo Securities
Co-Manager(s): Stephens Inc., Stifel, Wolfe Capital Markets
Filed: 5-7-18
Listed Cash Raise: $100m

Company: Autolus Therapeutics Limited
Symbol: AUTL
Description: They are a biopharmaceutical company developing next-generation programmed T cell therapies for the treatment of cancer.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Goldman Sachs & Co., Jefferies
Co-Manager(s): Wells Fargo Securities, William Blair
Filed: 5-7-18
Listed Cash Raise: $100m

Company: Provention Bio, Inc.
Symbol: PRVB
Description: They are a clinical-stage biopharmaceutical company developing novel therapeutics aimed at intercepting and preventing immune-mediated diseases.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): MDB Capital Group
Filed: 5-9-18
Listed Cash Raise: $40m

Company: Avalara, Inc.
Symbol: AVLR
Description: They provide a leading suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, BofA Merrill Lynch
Co-Manager(s): JMP Securities, KeyBanc Capital, Stifel
Filed: 5-11-18
Listed Cash Raise: $150m

Company: M17 Entertainment Limited
Symbol: YQ
Description: They operate the largest live streaming platform by revenue in Developed Asia with a market share of 19.2% in the first quarter of 2018, according to Frost & Sullivan.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Citigroup, Deutsche Bank Securities
Co-Manager(s): Daiwa Capital Markets, Mizuho Securities
Terms Added: 5-11-18

TERMS ADDED

Company: Pluralsight, Inc.
Symbol: PS
Description: Pluralsight is an enterprise software company committed to closing the global technology skills gap.
Trade Date: 5/17
Shares: 20.7 million
Price Range: $10.00-$12.00
Underwriter(s): Morgan Stanley, J.P. Morgan, Barclays, BofA Merrill Lynch
Co-Manager(s): First Analysis Securities, Needham & Co., Raymond James, SunTrust Robinson Humphrey
Terms Added: 5-7-18

Company: EVO Payments, Inc.
Symbol: EVOP
Description: They are a global merchant acquirer and payment processor servicing approximately 525,000 merchants in North America and Europe and processing more than 900 million transactions in North America and 1.7 billion transactions in Europe annually.
Trade Date: 5/23
Shares: 14 million
Price Range: $14.00-$16.00
Underwriter(s): J.P. Morgan, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, SunTrust Robinson Humphrey, Barclays, Cowen and Company, Goldman Sachs & Co., Regions Securities LLC, William Blair
Terms Added: 5-10-18