COTV News

The post-Thanksgiving IPO market got off to a slower start than expected, with just one company raising $67 million, no filings and three launches this week, including Apollo-backed fixed-annuity provider Athene Holding, fluid subsystem delivery provider Ichor Holdings and Texas- and Louisiana-based E&P ...read more

Five IPOs raised $1.5 billion as the year's biggest week concluded the year's biggest month of IPO activity - further evidence that the IPO market's rebound is underway. Three were IPOs of profitable LBO'd companies, bringing the 2016 total up to six. While the tech sector has remained largely absent, high-growth venture-backed software provider Twilio (TWLO)...read more

Four IPOs began trading on Thursday after raising $1.5 billion, marking the IPO market's biggest day, week and month of 2016 based on number of deals and proceeds raised. The 31 deals year-to-date have raised $5.4 billion, down about 55% from last year on both measures, and have an average first-day pop of 4% and total return of 19%. In May, 15 deals priced, up from just 8 in April,...read more

Cotiviti Holdings, which provides analytics-driven payment accuracy solutions mainly to healthcare clients, raised $238 million by offering 12.5 million shares at $19, the high end of the range of $17 to $19. Cotiviti Holdings plans to list on the NYSE under the symbol COTV. Goldman Sachs, J.P. Morgan, Barclays, Citi, Credit Suisse, Morgan Stanley, RBC Capital Markets and SunTrust...read more