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U.S. IPO Weekly Recap: 9 IPOs In Final Feast Before Thanksgiving

2017-11-18 seekingalpha
Nine companies came public this week raising a combined $1.1 billion. The week's three largest expected IPOs postponed. All but two companies priced below the target midpoint. Enterprise tech darlings SailPoint and SendGrid both priced above the range and traded up 8% and 13%, respectively, on the first day. Enterprise software IPOs have been a standout sector this year, generating an average total return of 26%. (39-0)

U.S. IPO Weekly Recap: 10 Companies Go Public In The Busiest Week Of 2017

2017-11-14 seekingalpha
Ten companies raised a combined $1.6 billion in the most active week of the 2017 IPO market. Texas community bank CBTX took the top spot with a 10% pop, which is still below the long-term historical average of 13%. The week featured three regional banks, three biotechs, three fast-growing Chinese companies and a communications platform pivoting to growth. First-day pops for IPOs this week averaged just 3. (36-2)

U.S. IPO Week Ahead: Back-To-Back Record Activity With 12 IPOs Set To Price

2017-11-13 seekingalpha
Following the busiest week of 2017 with ten IPOs coming to market, the following week will be another record breaker with 12 IPOs scheduled to raise a combined $2.1 billion. The week will be led by suburban office REIT Workspace Property Trust (Pending:WSPT), looking to raise $527 million; the deal was initially expected to price this past week, but got postponed at the last minute. Other notable deals include online personal styling service Stitch Fix (Pending:SFIX), Chinese wealth management platform Jianpu Technology, automated email platform SendGrid (Pending:SEND) and specialty chemical producer MPM Holdings (Pending:MPMH). (41-0)

Workspace Realty Trust: An IPO Targeting Millennial Migration

2017-11-10 seekingalpha
WSPT believes its strategy positions it to capitalize on the migration of millennials from urban city centers to the suburbs. (1-0)