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Trump's plan to lower corporate tax rates could benefit many small/mid-cap IPOs

CWH

Lowering corporate taxes has been at the top of the Trump agenda and, under a Republican controlled legislature, it is possible that a change in tax policy can be accomplished in the next few years. The details: The proposal is to lower corporate tax rates from the current 35% to 15%. Of course, many large-cap global companies are able to tax arbitrage and pay...read more

US IPO Weekly Recap: First oil & gas producer in two years pops; other 3 IPOs break

XOG

Four IPOs raised $816 million this week, led by Extraction Oil & Gas. The company broke a 2-year drought in IPOs from energy E&Ps and popped 15%, while the week's other three IPOs broke issue. Two had double-digit drops, the year's worst debuts outside the biotech sector. The last time one week had three IPOs end their first day negative was October 2015. With 10 IPOs...read more

Extraction Oil & Gas prices IPO at $19, above the range

XOG

Extraction Oil & Gas, an oil and gas E&P operating in the Denver-Julesburg Basin, raised $633 million by offering 33.3 million shares at $19, above the range of $15 to $18. Extraction Oil & Gas plans to list on the Nasdaq under the symbol XOG. Credit Suisse, Barclays, Goldman Sachs, Citi, KeyBanc Capital Markets, RBC Capital Markets, SunTrust Robinson Humphrey and...read more

US IPO Week Ahead: Energy powers the US IPO market in a week with 3 deals

XOG

Three energy-related IPOs plan to raise about $750 million in the week ahead. Two have direct exposure to oil prices, including Extraction Oil & Gas, which plans to raise $550 million as the first E&P to go public in over two years. An oilfield services company and an India-based solar power producer round out the group. ...read more