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Renaissance Capital's 2016 US IPO Annual Review

NTNX

With the S&P 500 at record highs and average IPO returns handily beating the broad market indices, the US IPO market should have produced high levels of issuance in 2016. Instead, proceeds fell to their lowest level since 2003 and activity was the worst since 2009. This seemingly contradictory year can be explained in part by the market freefall in the 1Q that resulted in...read more

US IPO Weekly Recap: Three micro-cap companies delay IPOs during election week

WRD

As many as three micro-cap companies could have listed on US exchanges in the past week, but none managed to price. They are now scheduled for the week ahead. The long-awaited US election likely deterred offerings, while the Thanksgiving holiday will dampen issuance for the remainder of the...read more

US IPO Weekly Recap: Back to school for IPOs with seven launches and five filings

COUP

The IPO market swung back into action in the shortened post-Labor Day week with seven deals added to the calendar: two banks, three software providers, the first energy play in over a year and a biotech. Five companies submitted initial filings, including self-proclaimed unicorn Coupa Software and gene editing biotech CRISPR Therapeutics.  The new IPO activity is supported...read more

Growth IPOs are on a summer surge; average 2016 tech offering now up 117%

TWLO

Monday began the annual late-August lull in the IPO market, but even as deal flow cools, recent trading shows that growth IPOs are hotter than at any point this past year. In particular, several recent tech IPOs have been on a tear over the last few weeks. Their overall performance points to an increased risk appetite on the part of investors and suggests a pickup in activity when...read more