JYNT News

9 companies went public this week, raising $2 billion in the IPO market as year-to-date issuance surpassed 250 IPOs, almost 25% more than at this point last year. 3 large PE-backed deals, including two LBOs, each traded up over 10% and represented 79% of proceeds, while the 4 smallest companies by market cap had the lowest returns. Even with the S&P 500 near all-time highs,...read more

The Joint, which franchises 225 cash-based chiropractic clinics in the US, raised $20 million by offering 3 million shares at $6.50, the midpoint of the $6-$7 range. The Joint plans to list on the NASDAQ under the symbol JYNT. The Joint initially filed confidentially on 7/11/2014. Roth Capital and Feltl and Company acted as lead managers on the deal....read more

10 deals are on the IPO calendar to raise $2.2 billion for the week of November 10, 2014. The two largest, auto paint maker Axalta Coating Systems and contract research organization PRA Health Sciences, are both LBOs. Representing 27% of 2014 deal flow (65 to date), biotechs are the...read more

The Joint, which franchises 225 cash-based chiropractic clinics in the US, lowered the proposed deal size for its upcoming IPO on Friday. The Scottsdale, AZ-based company now plans to raise $20 million by offering 3.0 million shares at a price range of $6 to $7. The company had originally filed to raise $30 million at a range of $9 to $11. At the midpoint of the revised range,...read more