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Renaissance Capital's 2016 US IPO Annual Review

NTNX

With the S&P 500 at record highs and average IPO returns handily beating the broad market indices, the US IPO market should have produced high levels of issuance in 2016. Instead, proceeds fell to their lowest level since 2003 and activity was the worst since 2009. This seemingly contradictory year can be explained in part by the market freefall in the 1Q that resulted in...read more

US IPO Weekly Recap: The first marijuana-related REIT cuts deal significantly to get done

IIPR

The post-Thanksgiving IPO market got off to a slower start than expected, with just one company raising $67 million, no filings and three launches this week, including Apollo-backed fixed-annuity provider Athene Holding, fluid subsystem delivery provider Ichor Holdings and Texas- and Louisiana-based E&P ...read more

US IPO Weekly Recap: Nutanix skyrockets 131% in year's best IPO debut

NTNX

The third quarter finished with the year's best first-day pop as Nutanix spiked 131% on Friday. September ended as the most active month of 2016 both in terms of IPO pricings (16) and initial filings (18). Nutanix's incredible first-day performance was a fitting end to a quarter marked by the return of tech IPOs and 41% average returns. ...read more

Nutanix prices upsized IPO at $16, above upwardly revised range

NTNX

Nutanix, a leading provider of hyperconverged IT infrastructure software and appliances, raised $238 million by offering 14.9 million shares at $16, above the range of $13 to $15. Nutanix plans to list on the Nasdaq under the symbol NTNX. Goldman Sachs, Morgan Stanley, J.P. Morgan and RBC Capital Markets acted as lead managers on the deal....read more