CapStar Financial Holdings, a Tennessee bank with seven locations and $1.3 billion in assets, filed on Monday with the SEC to raise up to $46 million in an initial public offering.
The Nashville, TN-based company was founded in 2007 and booked $46 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol CSTR. Keefe Bruyette Woods and Sandler O'Neill are the joint bookrunners on the deal. No pricing terms were disclosed....more
8/26/16 Analyst IPO Market Commentary
No companies went public this week, but with five new filings the IPO market is already showing signs of an active September, particularly in the tech sector. The VIX Volatility Index is comfortably below 15, the average IPO from 2016 has returned 28% and four-fifths of deals trade above issue. For companies that have raised $100 million or more, the average return is an impressive 45%.
Tech IPOs are back
Tech IPO activity appears poised to pick up in the Fall. Including last Friday's filing from Everbridge (EVBG), four sizab...more
Gridsum, which offers a platform for marketing data analytics and automated keyword bidding in China, filed on Friday with the SEC to raise up to $75 million in an initial public offering.
The Beijing, China-based company was founded in 2005 and booked $45 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol GSUM. Goldman Sachs (Asia) and Citi are the joint bookrunners on the deal. No pricing terms were disclosed....more
Digicel Group, the leading provider of mobile services in the Caribbean with 14 million subscribers, withdrew its plans for an initial public offering on Friday. It had filed terms to raise $1.8 billion in October 2015 by offering 124 million shares at a price range of $13 to $16, but postponed the offering.
The Hamilton, Bermuda-based company was founded in 2000 and booked $2.8 billion in sales for the 12 months ended June 30, 2015, its most recent public financial results. It had planned to list on the NYSE under the symbol DCEL. J.P....more