MPSX News

Pricing pressure continued this week as only one company was able to price in or above its range. Five IPOs raised $1.2 billion this week, including one of the most highly-anticipated IPOs of 2015. However, it was a global print packaging manufacturer that had the best IPO. Two biotechs and a REIT specializing in farmland went public this week as well. One...read more

Multi Packaging Solutions International, a global manufacturer of print-based packaging primarily for consumer and health care products, raised $215 million by offering 16.5 million shares (6% insider) at $13, well below its initial $15-$17 range. The company sold three million more shares than originally proposed, but net proceeds to the company are essentially the same (~$180...read more

A still fragile US IPO market will look to continue to find its footing this week. Companies have experienced significant pricing pressure in the last few weeks, with 11 out of the last 13 IPOs pricing below the range. Next week, a highly-anticipated premier luxury brand, a specialty packaging company, and two biotechs plan to go public. Three other companies are...read more

Multi Packaging Solutions International, a global manufacturer of paper packaging for consumer and health care products, announced terms for its IPO on Friday. The New York, NY-based company plans to raise $300 million by offering 18.8 million shares (33% insider) at a price range of $15 to $17. At the midpoint of the proposed range, Multi Packaging Solutions would command a...read more