Ra Pharmaceuticals, which is developing small molecule therapies for rare immune disorders, raised $92 million by offering 7 million shares at $13, within the range of $12 to $14. Ra Pharmaceuticals plans to list on the Nasdaq under the symbol RARX. Credit Suisse, Jefferies and BMO Capital Markets acted as lead managers on the deal....more
Smart Sand, which produces sand used in hydraulic fracturing, announced terms for its IPO on Tuesday.
The The Woodlands, TX-based company plans to raise $175 million by offering 10.6 million shares (14% insider) at a price range of $15 to $18. At the midpoint of the proposed range, Smart Sand would command a fully diluted market value of $588 million.
Smart Sand was founded in 2011 and booked $43 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol SND. Credit Suisse, Goldman Sachs...more
Rev Group, which manufactures emergency and specialty vehicles, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, the deal size may be a placeholder for an IPO that we estimate could raise $200 million.
The Milwaukee, WI-based company was founded in 2010 and booked $1.8 billion in sales for the 12 months ended July 31, 2016. It plans to list under the symbol REVG, and has not disclosed an exchange. Goldman Sachs, Morgan Stanley and Baird are the joint bookrunners on the deal. No pricing term...more
Centennial Resource Development, a oil and gas E&P with 61 horizontal wells in the Permian Basin, withdrew its plans for an initial public offering on Monday. It originally filed in June 2016 with a proposed deal size of $100 million, and in July it announced that Mark Papa's blank check company Silver Run Acquisition (SRAQ; +59%), which went listed in February, would acquire a stake in Centennial.
The Denver, CO-based company was founded in 2012 and booked $81 million in sales for the 12 months ended March 31, 2016. It had plan...more