New Filings & Updated Terms (9.7.18)

This is the latest look at the IPO Pipeline including the newest filings that have registered with the SEC in the last seven days.

IPO Boutique keeps apprised of the active pipeline. Currently there are 82 active IPOs in the pipeline as of September 7, 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: LAIX Inc.
Symbol: LAIX
Description: They are a leading artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning.
New York.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, Goldman Sachs (Asia)
Filed: 8-31-18
Listed Cash Raise: $100m

Company: Capital Bancorp, Inc.
Symbol: CBNK
Description: They are a bank holding company and a Maryland corporation, and we operate primarily through their wholly owned subsidiary, Capital Bank, N.A., a commercial-focused community bank based in the Washington, D.C. and Baltimore metropolitan areas.
New York.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Keefe Bruyette & Woods, Stephens Inc.
Filed: 8-31-18
Listed Cash Raise: $35m

Company: Jump World Holding Limited
Symbol: JMPW
Description: They are a producer, developer and operator of customized games in China with a large and active user base.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Boustead Securities
Filed: 9-5-18
Listed Cash Raise: $100m

Company: Elastic N.V.
Symbol: ESTC
Description: Elastic is a search company. Search is foundational to a wide variety of experiences. Elastic makes the power of search—the ability to instantly find relevant information and insights from large amounts of data—available for a diverse set of applications and use cases.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, Barclays, RBC Capital Markets
Co-Manager(s): BofA Merrill Lynch, Citigroup, Jefferies, Canaccord Genuity
Filed: 9-5-18
Listed Cash Raise: $100m

Company: Upwork Inc.
Symbol: UPWK
Description: They operate the largest online global marketplace that enables businesses to find and work with highly-skilled freelancers as measured by gross services volume, or GSV.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Citigroup, Jefferies, RBC, Stifel, JMP Securities
Filed: 9-6-18
Listed Cash Raise: $100m

Company: Guardant Health
Symbol: GH
Description: They are a leading precision oncology company focused on helping conquer cancer globally through use of their proprietary blood tests, vast data sets and advanced analytics.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): JP Morgan, BofA Merrill Lynch
Co-Manager(s): Cowen, Leerink Partners, William Blair
Filed: 9-6-18
Listed Cash Raise: $100m

Company: Studio City International Holdings Limited
Symbol: MSC
Description: Studio City is a world-class gaming, retail and entertainment resort located in Cotai, Macau.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Deutsche Bank, Credit Suisse, Morgan Stanley
Filed: 9-7-18
Listed Cash Raise: $115m

Company: Kodiak Sciences Inc.
Symbol: KOD
Description: They are a clinical stage biopharmaceutical company specializing in novel therapeutics to treat chronic, high-prevalence retinal diseases.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): Morgan Stanley, BofA Merrill Lynch
Co-Manager(s): Barclays, Chardan
Filed: 9-7-18
Listed Cash Raise: $100m

TERMS ADDED

Company: Principia Biopharma Inc.
Symbol: PRNB
Description: They are a clinical-stage biopharmaceutical company dedicated to bringing transformative oral therapies to patients with significant unmet medical needs in immunology and oncology.
New York.
Trade Date: 9/14
Shares: 4.687 million
Price Range: $15.00-$17.00
Underwriter(s): BofA Merrill Lynch, Leerink, Wells Fargo
Co-Manager(s): Baird
Terms Added: 9-4-18

Company: Qutoutiao Inc.
Symbol: QTT
Description: They are the No. 2 mobile content aggregator in China in terms of MAUs and average DAUs in July 2018, according to the Analysys Report.
New York.
Trade Date: 9/14
Shares: 16 million ADSs
Price Range: $7.00-$9.00
Underwriter(s): Citigroup, Deutsche Bank Securities, China Merchants Securities, UBS Investment Bank
Co-Manager(s): KeyBanc Capital
Terms Added: 9-4-18

Company: Navios Maritime Containers L.P.
Symbol: NMCI
Description: They are a growth-oriented international owner and operator of containerships. The common shares of Navios Maritime Containers Inc. (the entity that will convert into Navios Containers in connection with the offering) are traded on the Norwegian OTC List, an over-the-counter market that is administered and operated by a subsidiary of the Norwegian Securities Dealers Association, under the symbol NMCI.On August 31, 2018, the closing price of the common shares of Navios Maritime Containers Inc. was 126.21 Norwegian Kroner (“NOK”) per share, which was equivalent to approximately $15.18 per share based on the Bloomberg Generic Composite Rate of NOK 8.3166 per $1.00 in effect on that date (taking into account the conversion described in this prospectus).
New York.
Trade Date: 9/14
Shares: 5.3 million
Price Range: $18.00-$20.00
Underwriter(s): J.P. Morgan, BofA Merrill Lynch, Citigroup, Clarksons Platou Securities
Co-Manager(s): BNP PARIBAS, S. Goldman Advisors LLC
Terms Added: 9-5-18

Company: Farfetch Limited
Symbol: FTCH
Description: Farfetch is the leading technology platform for the global luxury fashion industry.
Trade Date: 9/21
Shares: 37.5 million
Price Range: $15.00-$17.00
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, Allen & Company, UBS Investment Bank, Credit Suisse ,Deutsche Bank Securities, Wells Fargo Securities
Co-Manager(s): Cowen, BNP PARIBAS
Terms Added: 9-5-18

Company: Elanco Animal Health Inc.
Symbol: ELAN
Description: Founded in 1954 as part of Eli Lilly and Company, Elanco is a premier animal health company that innovates, develops, manufactures and markets products for companion and food animals.
Trade Date: 9/21
Shares: 63 million
Price Range: $20.00-$23.00
Underwriter(s): Goldman Sachs, J.P. Morgan, Morgan Stanley
Co-Manager(s): Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank Securities, Evercore ISI, Cowen
Terms Added: 9-6-18

Company: Eventbrite, Inc.
Symbol: EB
Description: They founded Eventbrite to bring the world together through live experiences.
Trade Date: 9/21
Shares: 10 million
Price Range: $19.00-$21.00
Underwriter(s): Goldman Sachs, J.P. Morgan, Allen & Co., RBC Capital, SunTrust Robinson Humphrey, Stifel
Terms Added: 9-7-18

Company: Zekelman Industries, Inc.
Symbol: ZEK
Description: They are a leading North American manufacturer of industrial steel pipe and tube products with over 100 years of operating experience.
New York.
Trade Date: 9/21
Shares: 41.75 million
Price Range: $17.00-$19.00
Underwriter(s): Goldman Sachs & Co., BofA Merrill Lynch
Co-Manager(s): BMO Capital Markets, Credit Suisse, GMP Securities, KeyBanc Capital Markets, William Blair, Stifel, BTIG, PNC Capital Markets LLC
Terms Added: 9-7-18

Company: FVCBankcorp, Inc.
Symbol: FVCB
Description: FVCBankcorp, Inc. is the registered bank holding company for FVCbank, their wholly-owned community bank subsidiary, headquartered in Fairfax, Virginia.
Trade Date: 9/14
Shares: 1.75 million
Price Range: $19.00-$21.00
Underwriter(s): Sandler O’ Neill + Partners, Raymond James
Terms Added: 9-7-18

Company: Y-mAbs Therapeutics, Inc.
Symbol: YMAB
Description: They are a late-stage clinical biopharmaceutical company focused on the development and commercialization of novel, antibody-based therapeutic products for the treatment of cancer.
New York.
Trade Date: 9/21
Shares: 5.3 million
Price Range: $14.00-$16.00
Underwriter(s): BofA Merrill Lynch, Cowen, Canaccord Genuity
Co-Manager(s): BTIG
Terms Added: 9-8-18

New Filings & Updated Terms (9.7.18)