NAP 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

Navios Maritime Midstream Partners LP, an MLP formed by Navios Maritime to operate four contracted crude oil tankers, raised $122 million by offering 8.1 million shares at $15, a 25% discount to the original range of $19 to $21. Navios Maritime Midstream Partners LP plans to list on the NYSE under the symbol NAP. BofA Merrill Lynch, Citi, J.P. Morgan, Credit Suisse and Wells Fargo...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

Navios Maritime Midstream Partners LP, an MLP formed by Navios Maritime to operate four contracted crude oil tankers, announced terms for its IPO on Tuesday. The Monte Carlo, Monaco-based company plans to raise $162 million by offering 8.0 million shares at a price range of $19 to $21. At the midpoint of the proposed range, it would command a fully diluted market value of $381...read more