Renaissance Capital logo

PI News

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

Growth IPOs are on a summer surge; average 2016 tech offering now up 117%

TWLO

Monday began the annual late-August lull in the IPO market, but even as deal flow cools, recent trading shows that growth IPOs are hotter than at any point this past year. In particular, several recent tech IPOs have been on a tear over the last few weeks. Their overall performance points to an increased risk appetite on the part of investors and suggests a pickup in activity when...read more

US IPO Weekly Recap: Three profitable companies deliver double-digit returns

PI

Three profitable companies each traded up more than 20% this past week, while the sole biotech IPO ended flat. Radio-frequency chip maker Impinj, the week's smallest IPO, delivered the largest return (+40%). For 2016 IPOs, first-day returns (+9.0%) have now eclipsed aftermarket returns (+8.8%), with the average IPO up 19%. None of the past 10 offerings have ended their first day...read more

Impinj prices upsized IPO at $14, the high end of the range

PI

Impinj, the leading provider of radio-frequency identification tags and reader chips, raised $67 million by offering 4.8 million shares (up from the originally filed 4.6 million) at $14, the high end of the range of $12 to $14. Impinj plans to list on the Nasdaq under the symbol PI. RBC Capital Markets, Pacific Crest and Piper Jaffray acted as lead managers on the deal....read more