First Guaranty Bancshares, a Louisiana bank with 21 branches and $1.5 billion in assets, postponed its IPO on Thursday. The Hammond, LA-based company, listed on the OTC, was founded in 1934 and booked $49 million in sales for the 12 months ended September 30, 2014. Raymond James was set to be the sole bookrunner on the deal....more

Keywords: FGBI

12/18/14 Analyst IPO Blog

Over the last year, the US IPO market set a 14-year record against a mostly low-volatility backdrop. With 273 IPOs, 2014 was the most active period of issuance since 406 companies went public in 2000. It was the second year of uninterrupted IPO activity, up 23% over 2013, due to a doubling of biotech issuance. Proceeds of $85 billion, inflated by Alibaba’s $22 billion offering, were up 55% over 2013. While various global events, such as Russia’s incursion into the Ukraine and conflicts in the Middle East, caused nervousness in global markets, they largely failed to disrupt the US ...more



Bellicum Pharmaceuticals, an early-stage biotech developing controllable cancer immunotherapies, raised $140 million by offering 7.35 million shares (vs. 6.25 originally planned) at $19, above its $15 to $17 range. Bellicum will list on the NASDAQ under the symbol [BLCM]. Jefferies, Citi and Piper Jaffray acted as joint bookrunners on the deal....more

Keywords: BLCM


On Deck Capital, which has originated over $1 billion in small business loans through its OnDeck online platform, raised $200 million by offering 10 million shares at $20, above the range of $16 to $18. On Deck Capital plans to list on the NYSE under the symbol [ONDK]. On Deck Capital initially filed confidentially on 8/21/2014. Morgan Stanley, BofA Merrill Lynch, J.P. Morgan, Deutsche Bank and Jefferies & Co. acted as lead managers on the deal....more

Keywords: ONDK

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