W News

11 IPOs priced during the week of September 29, but only 3 had any meaningful gains, including two tech deals and American Addiction Centers, a network of substance abuse treatment centers. The group raised $2.4 billion; 25% less than expected after frac sand maker Fairmount Santrol cut its deal size 60% to just $400 million. Fairmount was one of five offerings with private equity...read more

Wayfair, a leading online retailer of home furnishings with over $1 billion in sales, raised $319 million by offering 11 million shares at $29, above the range of $25 to $28. Wayfair plans to list on the NYSE under the symbol W. Goldman Sachs, BofA Merrill Lynch and Citi acted as lead managers on the deal. Wayfair is the first American online retailer to IPO this year. Three...read more

Heightened IPO activity continues with 11 IPOs set to raise $3.2 billion this week, following the nine companies that went public last week. The week ahead should see five private equity-backed IPOs, including four LBOs and one...read more

Wayfair, a high-growth online retailer of home goods with over $1 billion in sales, announced terms for its IPO on Friday. The Boston, MA-based company plans to raise $292 million by offering 11 million shares (5% insider) at a price range of $25 to $28. At the midpoint of the proposed range, Wayfair would command a fully diluted market value of $2.4 billion. Business ...read more