PUB News

Five IPOs raised $565 million this past week. The deals average +30% from the offer price, while none broke issue and most priced above the midpoint of the range.  78 companies have gone public in the US this year,...read more

People's Utah Bancorp, a Utah commercial bank with 18 branches and $1.4 billion in assets, raised $36 million by offering 2.5 million shares (9% insider) at $14.50, within the $13-$15 range. At its offer price, the company commands a fully diluted market value of $256 million. People's Utah Bancorp will list on the NASDAQ under the symbol PUB. D.A. Davidson acted as a lead manager...read more

Fast casual chicken wing chain Wingstop leads the six deals on this week's IPO calendar. After three weeks without a biotech, we'll see one with a proposed valuation of $1.4 billion. The four other IPOs each have a market cap under $250 million, and include a regional bank, biotech, medical device company...read more

People's Utah Bancorp, a Utah commercial bank with 18 branches and $1.4 billion in assets, announced terms for its IPO on Friday. The American Fork, UT-based company plans to raise $35 million by offering 2.5 million shares (9% insider) at a price range of $13 to $15. At the midpoint of the proposed range, it would command a fully diluted market value of $247 million. ...read more