class="">Eight companies went public in the year’s most active week. Three priced above the range and each finished above its IPO price (average return of 38%). Biotech Novan and ad-tech platform The Trade Desk led the group with a 67% and 65% first day pop, respectively. After disinterest earlier in the year, the IPO market is finally showing signs of strong initial deman...read more
Apptio, which provides a cloud-based IT financial management platform to enterprises, raised $96 million by offering 6 million shares at $16, above the range of $13 to $15. Apptio plans to list on the Nasdaq under the symbol APTI. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Barclays, Jefferies, RBC Capital Markets and Pacific Crest acted as lead managers on the deal....read more
Nine deals are on the IPO calendar for the week ahead, aiming to raise a combined $1.2 billion. Set to be the most active week of 2016, the wave of deals counts three founder-led high-growth software companies and a telecom equipment provider. Other deals include two consumer brands, two biotechs and one bank.
Apptio, which provides enterprises with a cloud-based platform for managing IT investments, announced terms for its IPO on Monday.
The Bellevue, WA-based company plans to raise $84 million by offering 6 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Apptio would command a fully diluted market value of $576 million.
Apptio was founded...read more
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US IPO Weekly Recap: 8 offerings average 38% returns in year's busiest week for IPOs
class="">Eight companies went public in the year’s most active week. Three priced above the range and each finished above its IPO price (average return of 38%). Biotech Novan and ad-tech platform The Trade Desk led the group with a 67% and 65% first day pop, respectively. After disinterest earlier in the year, the IPO market is finally showing signs of strong initial deman...read more
Apptio prices IPO at $16, above the range
Apptio, which provides a cloud-based IT financial management platform to enterprises, raised $96 million by offering 6 million shares at $16, above the range of $13 to $15. Apptio plans to list on the Nasdaq under the symbol APTI. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Barclays, Jefferies, RBC Capital Markets and Pacific Crest acted as lead managers on the deal....read more
US IPO Week Ahead: Year's most active week with 9 IPOs
Nine deals are on the IPO calendar for the week ahead, aiming to raise a combined $1.2 billion. Set to be the most active week of 2016, the wave of deals counts three founder-led high-growth software companies and a telecom equipment provider. Other deals include two consumer brands, two biotechs and one bank.
...read moreVC-backed Apptio sets terms for $84 million IPO
Apptio, which provides enterprises with a cloud-based platform for managing IT investments, announced terms for its IPO on Monday. The Bellevue, WA-based company plans to raise $84 million by offering 6 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Apptio would command a fully diluted market value of $576 million. Apptio was founded...read more