5/27/16 Analyst IPO Market Commentary


The shortened holiday week ahead will see two deals come to market, raising just over $100 million combined. Coming off 15 pricings in May, the seasonally strong June should see similar or improved market activity. 

Renaissance Capital's IPO Calendar - Week of NH, SRTS

5/27/16


China Online Education Group (51Talk), a China-based online English education platform, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $46 million by offering 2.4 million ADSs at a price range of $18 to $20. At the midpoint of the proposed range, it would command a fully diluted market value of $407 million. China Online Education Group (51Talk) was founded in 2012 and booked $31 million in sales for the 12 months ended March 31, 2016. It plans to list on the NYSE under the symbol [COE]. Morgan...more


Keywords: COE

5/27/16 Analyst IPO Market Commentary


Five IPOs raised $1.5 billion as the year's biggest week concluded the year's biggest month of IPO activity - further evidence that the IPO market's rebound is underway. Three were IPOs of profitable LBO'd companies, bringing the 2016 total up to six. While the tech sector has remained largely absent, high-growth venture-backed software provider Twilio ([TWLO]) became the year's first "unicorn" to file, while Nutanix ([NTNX]) updated financials; both IPOs appear to be targeting a June offer date. In the past week, the S&am...more


Keywords: USFD, COTV, GMS, MSBI, RETA

5/26/16 Analyst IPO Market Commentary


Four IPOs began trading on Thursday after raising $1.5 billion, marking the IPO market's biggest day, week and month of 2016 based on number of deals and proceeds raised. The 31 deals year-to-date have raised $5.4 billion, down about 55% from last year on both measures, and have an average first-day pop of 4% and total return of 19%. In May, 15 deals priced, up from just 8 in April, and 8 in the entire 1Q16. Even as momentum builds, the tech sector has remained largely absent, though high-growth venture-backed Twilio's ([TWLO])...more


Keywords: USFD, COTV, GMS, RETA

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