The later in 2015 that a company has filed, the more likely it is that it will price down in its IPO.
In 2015, 168 IPOs have raised $29.5 billion, pricing an average of -4.8% below their midpoints. Before Labor Day, 35% of 131 deals priced below the range; after Labor Day, 70% of 37 deals did. It has been a tough year for the IPO market overall, but perhaps...read more
The average tech IPO gained 25% on its first day in 2014. This week's MaxPoint Interactive dropped 15%. IPO highlights during the week of March 2, 2015: • 2 IPOs priced in the past week, an adtech and a biotech • 2015 IPO returns reached their highest levels, averaging +17% • IPO activity remains slow for a soaring...read more
MaxPoint Interactive, which provides a digital ad automation platform for national brands that runs targeted ads to drive in-store sales, raised $75 million by pricing its 6.5 million share IPO (all primary) at $11.50, the midpoint of the range. At $11.50, MaxPoint commands a market cap of $308 million and an enterprise value of $273 million. MaxPoint will list on the NYSE under the...read more
After a week without any IPOs, two upcoming deals - a biotech and an adtech - are set to kick off what could be a busy March in the IPO market. • 2 US IPOs on the ...read more
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Labor Day Weekend was a turning point for IPOs
The later in 2015 that a company has filed, the more likely it is that it will price down in its IPO. In 2015, 168 IPOs have raised $29.5 billion, pricing an average of -4.8% below their midpoints. Before Labor Day, 35% of 131 deals priced below the range; after Labor Day, 70% of 37 deals did. It has been a tough year for the IPO market overall, but perhaps...read more
US IPO Weekly Recap: 2 IPOs price but MaxPoint misses the point
The average tech IPO gained 25% on its first day in 2014. This week's MaxPoint Interactive dropped 15%. IPO highlights during the week of March 2, 2015: • 2 IPOs priced in the past week, an adtech and a biotech • 2015 IPO returns reached their highest levels, averaging +17% • IPO activity remains slow for a soaring...read more
MaxPoint Interactive prices IPO at $11.50, midpoint of the range
MaxPoint Interactive, which provides a digital ad automation platform for national brands that runs targeted ads to drive in-store sales, raised $75 million by pricing its 6.5 million share IPO (all primary) at $11.50, the midpoint of the range. At $11.50, MaxPoint commands a market cap of $308 million and an enterprise value of $273 million. MaxPoint will list on the NYSE under the...read more
Week ahead: 2 IPOs during the week of March 2, a biotech and an adtech
After a week without any IPOs, two upcoming deals - a biotech and an adtech - are set to kick off what could be a busy March in the IPO market. • 2 US IPOs on the ...read more