NEFF News

9 companies went public in the past week as the IPO market raised $3.5 billion. At 26 deals, November issuance fell one IPO short of last year, unless CVSL manages to price next week. November IPOs raised $7.2 billion and averaged 19% from the offer price, including 4% after the first day. Two companies rose over 100% on their debut, the ...read more

Neff, which rents heavy equipment in the Sunbelt region, raised $157 million by offering 10.5 million shares at $15, below the range of $20 to $22. Neff plans to list on the NYSE under the symbol NEFF. Morgan Stanley, Jefferies & Co., Piper Jaffray and BofA Merrill Lynch acted as lead managers on the deal....read more

10 deals are on the IPO calendar to raise $4.2 billion for the week of November 17, 2014. This should be the IPO market's largest equity raise in 8 weeks, led by the $2.3 billion initial public offering of office REIT Paramount Group. MLPs have been the yield play of 2014,...read more

Neff, a lessor of industrial and construction equipment taken out of bankruptcy, announced terms for its IPO on Monday. The Miami, FL-based company plans to raise $220 million by offering 10.5 million shares at a price range of $20 to $22. At the midpoint of the proposed range, Neff would command a fully diluted market value of $508 million. Neff, which was founded in 1988...read more