JP News

With investors opting for turkey over deals, Thanksgiving week was slow for the IPO market. Senior housing SPAC Big Rock Partners Acquisition (BRPAU) was the only company to come public, raising $60 million. Despite the quiet week, the IPO market as a whole remains strong; average return from IPO this year is 21%, with 8% coming in the aftermarket. The ...read more

The last IPO of 2015 priced this week - 170 companies raised $30 billion this year.  On Thursday night, Yirendai priced, just the fifth Chinese company to price a US IPO this year, representing a 64% decline from the 14 Chinese companies that came public in 2014. None of the Chinese IPOs from...read more

First Data, which provides electronic commerce and payment processing to financial institutions, announced terms for its IPO on Thursday. The New York, NY-based company plans to raise $3.0 billion by offering 160 million shares at a price range of $18 to $20. At the midpoint of the proposed range, First Data would command a fully diluted market value of $17.6 billion and an...read more

The IPO market saw sevens this past week. Seven IPOs raised $700 million. Cybersecurity firm Rapid7 spiked 56% on its offering, while cancer biotech ProNAi Therapeutics (+76%) had the seventh-best debut of 2015 and home phone provider Ooma had the seventh-worst. Small deal sizes - each under $150 million - became bigger as five companies priced above the midpoint. Just one...read more