Renaissance Capital logo

LMRK News

US IPO Weekly Recap: Virgin America flies high as IPO market reaches 250 with 9 new offerings

VA

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

Landmark Infrastructure prices downsized IPO at $19, low end of the range

Landmark Infrastructure Partners LP, an MLP that owns property interests that underlie cell towers and billboards, raised $50 million by offering 2.7 million shares at $19, at the low end of the $19-$21 range. The company had initially planned to offer 3.0 million shares. At the $19 share price, the Landmark commands a $149 million market cap and a $227 million enterprise...read more

Week ahead: 10 US IPOs planned for the week of Nov 10 as IPO market hits 250 with Virgin America

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

Cell towers and billboards: Landmark Infrastructure LP sets terms for $60 million IPO

Landmark Infrastructure Partners LP, an MLP formed by Landmark Dividend to own cell towers, billboards and leased property, announced terms for its IPO on Wednesday. The El Segundo, CA-based company plans to raise $60 million by offering 3.0 million units at a price range of $19 to $21. At the midpoint of the proposed range, it would command a fully diluted market value of $157...read more