CONG News

congatec Holding, a German fabless provider of embedded computer-on-module solutions, withdrew its plans for a US initial public offering on Tuesday. It had filed terms in November 2015 for a $60 million offering at a market cap of $203 million, but ...read more

Two-thirds of initial public offerings in the past three months have priced below the range, making intense pricing pressure the new normal for the IPO market. Several companies appear to be betting that “the future will be better tomorrow” as IPOs postpone or simply wait in the pipeline until 2016, rather than slash their valuations like Square (SQ)...read more

congatec Holding, a German fabless provider of embedded computer-on-module solutions, postponed its IPO on Friday citing poor market conditions. It had planned to raise $60 million (23% insider) at a market cap of $202 million. The Deggendorf, Germany-based company was founded in 2004 and booked $92 million in sales for the 12 months ended June 30, 2015. It had planned to list...read more

In a week that could see ten IPOs, only one is a biotech. Next week, there are profitable, cash-flow positive companies; there are tech companies ranging from payment processing to email security; there are two companies that aim for customers in the great outdoors; and there are...read more