Boxlight, which manufactures interactive projectors and other classroom materials, announced terms for its IPO on Tuesday.
The Lawrenceville, GA-based company plans to raise $20 million by offering 1.8 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Boxlight would command a fully diluted market value of $96 million.
Boxlight, which was founded in 2001, plans to list on the Nasdaq under the symbol [BOXL]. Aegis Capital Corp. is the sole bookrunner on the deal....more
Gypsum Management and Supply, the largest independent distributor of specialty building materials in the US, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Tucker, GA-based company, which was founded in 1971 and booked $1.6 billion in sales for the fiscal year ended April 30, 2015, plans to list under the symbol [GMS]. Credit Suisse, Barclays, RBC Capital Markets, Baird and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed....more
7/28/15 Analyst IPO Blog
Large biotechs outperform those that command smaller valuations at the time of the IPO.
Early-stage immunotherapy biotech NantKwest ([NK]) priced above the range on Monday night, and its fully diluted market cap of $2.6 billion makes it the largest development-stage biotech to go public in the US. Intra-day trading on Tuesday puts NantKwest's first-day performance in line with the median of other large biotechs.
Fuling Global, a producer of disposable plastic food service products, filed on Tuesday with the SEC to raise up to $30 million in an initial public offering.
The Wenling, China-based company, which was founded in 1992 and booked $83 million in sales for the fiscal year ended December 31, 2014, plans to list on the Nasdaq under the symbol [FUOI]. Burnham Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
This is a best-efforts offering, therefore we will not track Fuling Global in our IPO stats