IOTS News

eASIC, a fabless designer of custom chips for the wireless, networking and storage markets, withdrew its plans for an initial public offering on Friday. It originally filed for a $75 million IPO in February 2015 and last updated its filing in August. congatec Holding (CONG), a German fabless computer-on-modules company, postponed its US IPO reportedly over valuation pushback....read more

The later in 2015 that a company has filed, the more likely it is that it will price down in its IPO. In 2015, 168 IPOs have raised $29.5 billion, pricing an average of -4.8% below their midpoints. Before Labor Day, 35% of 131 deals priced below the range; after Labor Day, 70% of 37 deals did. It has been a tough year for the IPO market overall, but perhaps...read more

congatec Holding, a German fabless provider of embedded computer-on-module solutions, announced terms for its IPO on Wednesday. The Deggendorf, Germany-based company plans to raise $60 million by offering 5.45 million ADSs (23% insider) at a price range of $10 to $12. At the midpoint of the proposed range, congatec would command a fully diluted market value of $205 million and...read more

In the last week of October, no companies filed for an IPO. October was a difficult month for IPOs: 16 companies went public, pricing an average of 22% below their midpoint. Despite the massive valuation cuts, the average IPO return was just 3.4%, while the return on the S&P 500...read more