New Filings & Updated Terms (Week Ending 3.16.18)

IPO Boutique keeps apprised of the active pipeline. Currently there are 52 active IPOs in the pipeline as of March 16, 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: IPSCO Tubulars Inc.
Symbol: IPSC
Description: They are a leading, growth-oriented producer and supplier of seamless and welded oil country tubular goods, or OCTG, with a proprietary suite of premium and semi-premium connections.
Trade Date: TBD
Shares: TBD
Price Range: TBD
Underwriter(s): BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, UBS Investment Bank, Citigroup, Credit Suisse, Barclays, Evercore ISI
Filed: 3-12-18

TERMS ADDED

Company: Dropbox, Inc.
Symbol: DBX
Description: Dropbox is a global collaboration platform where content is created, accessed, and shared with the world.
Trade Date: 3/23
Shares: 36 million
Price Range: $16.00-$18.00
Underwriter(s): Goldman Sachs & Co., J.P. Morgan, Deutsche Bank Securities, Allen & Company LLC, BofA Merrill Lynch, RBC Capital Markets, Jefferies, Macquarie Capital
Co-Manager(s): Canaccord Genuity, JMP Securities, KeyBanc Capital Markets, Piper Jaffray
Terms Added: 3-12-18

Company: PolyPid Ltd.
Symbol: POLY
Description: They are a clinical-stage pharmaceutical company focused on developing and commercializing novel, locally administered therapies using their transformational PLEX (Polymer-Lipid Encapsulation matriX) technology.
Shares: 3.33 million
Price Range: $21.00-$24.00
Trade Date: 3/23
Underwriter(s): Goldman Sachs, Cowen
Co-Manager(s): Cantor, Raymond James, Oppenheimer & Co.
Terms Added: 3-14-18

Company: Sunlands Online Education Group
Symbol: STG
Description: They are the leader in China’s online post-secondary and professional education in terms of gross billings in 2017, according to iResearch.
Trade Date: 3/23
Shares: 13 million
Price Range: $11.50-$13.50
Underwriter(s): Goldman Sachs (Asia), J.P. Morgan, Credit Suisse
Co-Manager(s): CLSA
Terms Added: 3-15-18

Company: GreenTree Hospitality Group Ltd.
Symbol: GHG
Description: They are the leading pure play franchised hotel operator in China as franchised-and-managed hotels represent almost all of the hotels in their hotel network.
Trade Date: 3/27
Shares: 19.4 million
Price Range: $16.00-$18.00
Underwriter(s): Morgan Stanley, BofA Merrill Lynch, UBS Investment Bank
Terms Added: 3-15-18

Company: Tal Consolidated, Inc.
Symbol: TCL
Description: Tal Consolidated will serve as the holding company for its wholly-owned operating subsidiary, Tal Depot. Tal Depot primarily sells non-perishable grocery products and home goods online, comprising a vast array of products targeted at both retail and business customers in various geographical regions in the continental United States.
Shares: 2.143 million
Price Range: $6.00-$8.00
Trade Date: TBD
Underwriter(s): Joseph Gunnar
Terms Added: 3-15-18