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omam News

US IPO Pricing Recap: Mixed returns among week's 7 IPOs despite market selloff

7 IPOs collectively raised just over $1 billion in a volatile week for stocks. The IPO market has seen 223 deals year-to-date, surpassing 2014's full-year post-bubble record of 222 (post to Twitter). Marketing SaaS provider HubSpot (HUBS) was the only IPO to price above the midpoint, and it and Diplomat Pharmacy (DPLO) posted the top returns for...read more

MOL money, MOL problems: E-payment provider has worst 1st-day return in over 10 years

Three of the five IPOs on Thursday ended below their offer price as the group averaged -3%, signaling choppy waters in the IPO market. MOL Global loses 35% on its debut and two more IPOs break issue MOL Global (MOLG), a Malaysian provider of online payment services mainly used for game credits, priced at the low end of its proposed range and plummeted 35%, giving it...read more

OM Asset Management prices IPO at $14, below the range

OM Asset Management, the US asset management arm of Old Mutual with $215 billion in AUM, raised $308 million by offering 22 million shares (all sold by the parent) at $14, below the range of $15 to $17. OM Asset Management plans to list on the NYSE under the symbol OMAM. BofA Merrill Lynch, Morgan Stanley, Citi and Credit Suisse acted as bookrunners on the deal....read more

8 US IPOs planned for the week of October 6, including hot tech, global finance and a restaurant/arcade

Eight initial public offerings are expected to raise $1.3 billion during the week of October 6, 2014, representing a well-rounded group of tech, finance, health care, consumer, and energy IPOs. After uninspiring performance from ...read more