MPG News

Hortonworks (+65%), LendingClub (+56%) and New Relic (+48%) all had strong debuts in a week with six tech IPOs, the most in a week since 2000. The three 40%+ first-day pops were the most in a week since September 2013, when FireEye, Rocket Fuel and Benefitfocus all gained 80%+ (only FireEye remains above its offer price). While the three top performers all priced above the range,...read more

Metaldyne Performance Group, an LBO'd producer of powertrain and safety components for light vehicles, raised $150 million by offering 10 million shares (100% insider) at $15, below the range of $18 to $21. Metaldyne Performance Group plans to list on the NYSE under the symbol MPG. BofA Merrill Lynch, Goldman Sachs, Deutsche Bank, Barclays, Credit Suisse and RBC Capital Markets...read more

The week ahead: high quality financial and technology IPOs 11 mostly high quality deals are on the IPO calendar to raise $2.7 billion during the week of December 8, 2014. Technology IPOs have been underrepresented in the second half of 2014, representing just 10% (12 IPOs)...read more

Metaldyne Performance Group, a LBO'd producer of automobile powertrain and safety components, announced terms for its IPO on Monday. The Plymouth, MI-based company plans to raise $300 million by offering 15.4 million shares at a price range of $18 to $21. At the midpoint of the proposed range, Metaldyne Performance Group would command a market value of $1.3 billion. Metaldyne...read more