OLLI News

In another active week for the IPO market, six companies in six different sectors raised over $2 billion. Boasting strong comp growth, National Vision (EYE) was the top performer with a 28% gain as investors put a premium  on the Amazon-proof retailer. The week's other two growth stories, cybersecurity unicorn ForeScout Technologies ...read more

The IPO market saw sevens this past week. Seven IPOs raised $700 million. Cybersecurity firm Rapid7 spiked 56% on its offering, while cancer biotech ProNAi Therapeutics (+76%) had the seventh-best debut of 2015 and home phone provider Ooma had the seventh-worst. Small deal sizes - each under $150 million - became bigger as five companies priced above the midpoint. Just one...read more

Ollie's Bargain Outlet Holdings, a closeout retailer with 187 warehouse style stores in the Eastern US, raised $143 million by offering about 8.9 million shares at $16, above the $13 to $15 range. Ollie's Bargain Outlet Holdings will list on the NASDAQ under the symbol OLLI. J.P. Morgan, Jefferies, BofA Merrill Lynch, Credit Suisse and Piper Jaffray acted as joint bookrunners on...read more

After a July 4th pause in the IPO market, eight companies could go public this week and raise $675 million. None of the scheduled deals expect to raise over $125 million in proceeds, and only two have proposed market caps over $500 million. This week's offerings include three biotechs, two consumer IPOs, one high-growth tech deal, a consumer-focused telecom provider and a...read more