Four IPOs raised $315 million during the last week of the month, bringing July’s deal count to ten and signaling that IPO activity has not yet taken a vacation. Further evidence of a gradual tech IPO recovery materialized with cloud-based software provider Talend rocketing 42% higher on its debut, after pricing 13% above the midpoint. On the other hand, cash-burning drug...read more
Tactile Systems Technology, which sells at-home compression therapy devices for vascular swelling, raised $40 million by offering 4 million shares at $10, cut from the original $14-$16 range. Tactile Systems Technology plans to list on the Nasdaq under the symbol TCMD. Piper Jaffray, William Blair and Canaccord Genuity acted as lead managers on the deal....read more
Tactile Systems Technology, which sells at-home compression therapy devices for vascular swelling, lowered the proposed deal size for its upcoming IPO on Wednesday. The Minneapolis, MN-based company now plans to raise $40 million by offering 4 million shares at a price of $10. Insiders intend to purchase $1 million worth of shares in the offering. The company had previously...read more
Four IPOs are on the calendar to raise nearly $900 million in the week ahead. Three are profitable, including the fourth-largest offering of 2016 and two companies that grew more than 30% in the MRQ. A biotech with heavy insider buying will also come to market, another IPO in the most...read more
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US IPO Weekly Recap: 4 IPOs price, Talend on top, Kadmon a flop
Four IPOs raised $315 million during the last week of the month, bringing July’s deal count to ten and signaling that IPO activity has not yet taken a vacation. Further evidence of a gradual tech IPO recovery materialized with cloud-based software provider Talend rocketing 42% higher on its debut, after pricing 13% above the midpoint. On the other hand, cash-burning drug...read more
Profitable medical device maker Tactile Systems prices IPO at $10, cut from previous range
Tactile Systems Technology, which sells at-home compression therapy devices for vascular swelling, raised $40 million by offering 4 million shares at $10, cut from the original $14-$16 range. Tactile Systems Technology plans to list on the Nasdaq under the symbol TCMD. Piper Jaffray, William Blair and Canaccord Genuity acted as lead managers on the deal....read more
Tactile Systems decreases proposed IPO deal size
Tactile Systems Technology, which sells at-home compression therapy devices for vascular swelling, lowered the proposed deal size for its upcoming IPO on Wednesday. The Minneapolis, MN-based company now plans to raise $40 million by offering 4 million shares at a price of $10. Insiders intend to purchase $1 million worth of shares in the offering. The company had previously...read more
US IPO Week Ahead: Three profitable IPOs and a biotech look to raise $900 million
Four IPOs are on the calendar to raise nearly $900 million in the week ahead. Three are profitable, including the fourth-largest offering of 2016 and two companies that grew more than 30% in the MRQ. A biotech with heavy insider buying will also come to market, another IPO in the most...read more