ELF News

As many as three micro-cap companies could have listed on US exchanges in the past week, but none managed to price. They are now scheduled for the week ahead. The long-awaited US election likely deterred offerings, while the Thanksgiving holiday will dampen issuance for the remainder of the...read more

Lowering corporate taxes has been at the top of the Trump agenda and, under a Republican controlled legislature, it is possible that a change in tax policy can be accomplished in the next few years. The details: The proposal is to lower corporate tax rates from the current 35% to 15%. Of course, many large-cap global companies are able to tax arbitrage and pay...read more

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

e.l.f. Beauty, which sells trendy, low-cost cosmetics for the eyes, lips and face online and in mass retail, raised $142 million by offering 8.3 million shares at $17, above the range of $14 to $16. e.l.f. Beauty plans to list on the NYSE under the symbol ELF. J.P. Morgan, Morgan Stanley, Piper Jaffray and Wells Fargo Securities acted as lead managers on the deal....read more