This past week two IPOs debuted, three updated terms and four new deals filed.
The 2015 IPO market opened with a pair of deals that had an uninspiring performance. Patriot National (NYSE: PN) priced below the range, $14, and debuted with a first trade of $13.49. ‘PN’ never traded above its offering price on day one. The other deal to debut, County Bancorp (Nasdaq: ICBK), priced $0.25 below the prevailing $16-$18 range at $15.75. ‘ICBK’ opened at $16.35 for a 3.8% premium above the offering price. The low float deal (1.18 million shares) hit a high of $17.09 representing a 9% increase above the offering price.
It should be noted that the Sutherland Asset Management (NYSE: SLD) IPO has been postponed. There is no further information at this time.
Looking ahead to this week, there is one deal on the schedule, Box Inc. (NYSE: BOX)…..
Subscribe now to get our full research report, IPO summary and senior managing partner Scott Sweet’s ratings for this week.
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish