Microphase, which manufactures microwave electronic components for military use, filed on Thursday with the SEC to raise up to $11.5 million in an initial public offering.
The Shelton, CT-based company was founded in 1955 and booked $9 million in sales for the 12 months ended March 31, 2016. It plans to list on the Nasdaq. Joseph Gunnar & Co. is the sole bookrunner on the deal. No pricing terms were disclosed....more
Tactile Systems Technology, which sells at-home compression therapy devices for vascular swelling, raised $40 million by offering 4 million shares at $10, cut from the original $14-$16 range. Tactile Systems Technology plans to list on the Nasdaq under the symbol [TCMD]. Piper Jaffray, William Blair and Canaccord Genuity acted as lead managers on the deal....more
Motif Bio, a late-stage biotech developing antibiotics for multi-drug resistant bacteria, announced terms for its IPO on Wednesday.
The New York, NY-based company plans to raise $35 million by offering 2.8 million shares at a price of $12.42. Insiders intend to purchase $9 million worth of shares in the offering. At the proposed price, Motif Bio would command a fully diluted market value of $110 million.
Motif Bio was founded in 2003 and plans to list on the Nasdaq under the symbol [MTFB]. It is expected to price during the week of A...more
7/27/16 Analyst IPO Market Commentary
BNP subsidiary First Hawaiian ([FHB]) is set to raise $464 million in the largest bank IPO since RBS spin-off Citizens Financial ([CFG]) in September 2014. With over $19 billion in assets, it is Hawaii’s largest financial institution.
In the face of record low interest rates, Brexit uncertainty and regulatory hurdles, Financials is the worst performing S&P sector this year (-1%), despite recovering from post-Brexit lows. The three banking IPOs year to date, US-based Paragon Commercial ([PBNC]) and Midland State ([M...more