CNXR News

Hortonworks (+65%), LendingClub (+56%) and New Relic (+48%) all had strong debuts in a week with six tech IPOs, the most in a week since 2000. The three 40%+ first-day pops were the most in a week since September 2013, when FireEye, Rocket Fuel and Benefitfocus all gained 80%+ (only FireEye remains above its offer price). While the three top performers all priced above the range,...read more

Connecture, a cloud-based solution for online health insurance marketplaces, raised $53 million by offering 6.6 million shares at $8, well below its $12-$14 range. The company sold 865,769 more shares than initially planned but raised 29% fewer proceeds. At $8, Connecture now commands a fully diluted market cap of $185 million (37% below proposed initial valuation) and an enterprise...read more

The week ahead: high quality financial and technology IPOs 11 mostly high quality deals are on the IPO calendar to raise $2.7 billion during the week of December 8, 2014. Technology IPOs have been underrepresented in the second half of 2014, representing just 10% (12 IPOs)...read more

Connecture, which powers over 30 public and private online health insurance marketplaces, announced terms for its IPO on Tuesday. The Brookfield, WI-based company plans to raise $75 million by offering 5.8 million shares at a price range of $12 to $14. At the midpoint of the proposed range, Connecture would command a fully diluted market value of $291 million. Connecture's ten...read more