XCOM News

As we noted in a mid-week blog post, AAAP had the best first-day pop (+53%) for an IPO in three months, and on the same day Voyager had the best pop in almost two months (+27%). While there were no biotech filings this past week, it is a safe...read more

Xtera Communications, which provides optical transport systems for long-haul terrestrial/submarine networks, raised $25 million by offering 5 million shares at $5, as anticipated by a filing earlier Thursday. The company had originally planned to sell 5.5 million shares at a price of $9-$11 before cutting the terms. Insiders indicated an interest in purchasing $9 million (36% of the...read more

Xtera Communications, which provides optical transport systems for long-haul terrestrial/submarine networks, lowered the proposed deal size for its upcoming IPO on Thursday. The Allen, TX-based company now plans to raise $25 million by offering 5 million shares at a price of $5. The company had previously filed to offer 6 million shares at a range of $9 to $11. At the revised...read more

The IPO market is having its pre-Thanksgiving feast. Nine companies are on the IPO calendar to raise a combined $1.0 billion during the week ahead. Online mortgage company loanDepot and education software provider Instructure stand out. The IPO market could see four mid-large companies in the biotech space,...read more