MSR News

The IPO calendar is empty this week. And with President's Day coming up, don't expect the following week to be busy, either. Don't panic: This two-week lull in February is an annual occurrence, driven by both the holiday and companies preparing their full 2016 numbers. The number of new filings in 2017 more than doubled as six companies joined the IPO pipeline this past week;...read more

Three IPOs priced this week. The two REITs and a housing play all either offered fewer shares or priced below the range. Clipper Realty (CLPR), Sachem Capital (SACH) and Foundation Building Materials (FBM) all had neutral or positive returns after their disappointing pricings. Mauser Group (MSR) was set to...read more

Mauser Group, a CD&R-backed global supplier of industrial rigid packaging products, withdrew its plans for an initial public offering on Wednesday. Mauser agreed to be acquired by PE firm Stone Canyon, via its North American industrial packaging subsidiary BWAY, for $2.3 billion one day ahead of the expected pricing of its IPO. It had filed to raise $265 million...read more

Mauser Group was taken out on Tuesday, the day before its scheduled pricing and just two weeks after tech unicorn AppDyanmics sold itself on the eve of its IPO date. Acquisitions rarely occur after companies decide to begin IPO marketing, but these recent cases highlight a lingering hesitancy to go public, and a strong M&A market continues to offer an alternative. Last week, CBS...read more