BOJA News

20 IPOs this past May raised $4.3 billion in proceeds, just one IPO short of the 21 in May 2014.  Year-to-date, 69 companies have gone public in 2015, a 40% drop from the 115 that had priced through May 2014. Twenty-nine (55% health care) have withdrawn or postponed IPOs this...read more

14 companies were scheduled to go public this week, including 10 health care deals. Only 8 IPOs got through, as 3 biotechs have been pushed back to next week, two companies postponed and one withdrew. however; IPO investors had plenty of options while the NASDAQ composite hit a 1-month low. This week's deals did include the year's largest IPO so far and the first restaurant chain...read more

Bojangles’, a restaurant chain known for its chicken and biscuits with over 600 locations, raised $147 million by offering 7.8 million shares (100% insider) at $19, the high end of the upwardly revised range of $18 to $19. The Charlotte, NC-based company had initially filed to offer 6.3 million shares at a range of $15 to $17. PE sponsor Advent, which will hold a 74% post-IPO...read more

Wingstop, a fast casual chicken wing-focused restaurant chain with 712 locations, filed on Wednesday with the SEC to raise up to $86 million in an initial public offering. The Dallas, TX-based company, which was founded in 1994 and booked $67 million in sales for the 12 months ended December 31, 2014, plans to list on the NASDAQ under the symbol WING. Wingstop initially...read more