HOS News

Just one small IPO priced this past week, joined by one SPAC that began trading. Three IPOs joined the pipeline, including one that plans to raise $100 million, as well as four SPACs. The sole pricing this week was steel framing manufacturer INNO HOLDINGS (INHD), which priced at the low end to raise $10 million at an $83 million market cap. Small and highly...read more

Hornbeck Offshore Services, which provides marine transportation to the offshore oilfield and diversified non-oilfield markets, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. Hornbeck provides marine transportation services to customers in the offshore oilfield and diversified non-oilfield markets across its core geographic...read more

Hornbeck Offshore Services, an operator of offshore supply vessels and barges in the Gulf of Mexico, priced its 6 million share offering at $13 a share, the bottom of its $13-$15 range. The offshore supply vessel company has the second largest next-generation fleet of vessels in the Gulf of Mexico with an estimated 17% market share. In 2003, Hornbeck generated more than $54...read more

In what seems to have quickly become a buyer's IPO market, small biopharmaceutical company Anadys Pharmaceuticals priced its 6.25 million share offering at $7 a share, the low end of its already downwardly revised $7-$8 range. The San Diego, CA based company, which is developing drugs for the treatment of hepatitis C and bacterial infections, originally planned to sell the shares...read more