11/21/14 Analyst IPO Blog

9 companies went public in the past week as the IPO market raised $3.5 billion. At 26 deals, November issuance fell one IPO short of last year, unless CVSL manages to price next week. November IPOs raised $7.2 billion and averaged 19% from the offer price, including 4% after the first day. Two companies rose over 100% on their debut, the sixth and seventh IPOs of 2014 to do so. Retinal implant maker Second Sight Medical Products spiked 122% on its first day and fast casual burger chain The Habit ...more



Neff, which rents heavy equipment in the Sunbelt region, raised $157 million by offering 10.5 million shares at $15, below the range of $20 to $22. Neff plans to list on the NYSE under the symbol [NEFF]. Morgan Stanley, Jefferies & Co., Piper Jaffray and BofA Merrill Lynch acted as lead managers on the deal....more

Keywords: NEFF


Peak Resorts, which operates 13 overnight-drive and day-ski resorts in the Northeast and Midwest, raised $90 million by offering 10 million shares at $9, at the low end of the range of $9 to $11. Peak Resorts plans to list on the NASDAQ under the symbol [SKIS]. Peak Resorts initially filed confidentially on 9/12/2014. FBR Capital Markets, Stifel and Baird acted as lead managers on the deal....more

Keywords: SKIS


Adama Agricultural Solutions, the world's largest producer of off-patent crop protection chemicals, postponed its IPO on Thursday citing poor market conditions. The Airport City, Israel-based company, which was founded in 1945 and booked $3.2 billion in sales for the 12 months ended September 30, 2014, had planned to list on the NYSE under the symbol [ADAM]. Goldman Sachs, BofA Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, HSBC Corporation and J.P. Morgan were set to be the joint bookrunners on the deal....more

Keywords: ADAM

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