PECO News

After a slow start to the month, the IPO market revved back to life with 13 IPOs coming to market this past week. SPAC activity picked up, with seven blank check IPOs raising $940 million. New filers continued to flood the IPO pipeline, with fourteen IPOs and nine SPACs submitting initial filings.   Italian drug container supplier Stevanato Group (STVN)...read more

Phillips Edison & Company, a REIT focused on grocery-anchored neighborhood shopping centers, raised $476 million by offering 17.0 million shares at $28, the low end of the range of $28 to $31. At pricing, the Cincinnati, OH-based company commands a fully diluted market value of $3.5 billion. Phillips Edison states that it is one of the nation's largest owners of...read more

Updated Monday, 7/12. After a slow holiday week, 15 IPOs are scheduled to raise nearly $4 billion in the week ahead. A handful of SPACs should also price. Italian drug container supplier Stevanato Group (STVN) plans to raise $900 million at a $6.8 billion market cap. Controlled by its founding family, the profitable company supplies glass vials,...read more

Phillips Edison & Company, a REIT focused on grocery-anchored neighborhood shopping centers, announced terms for its IPO on Wednesday. The Cincinnati, OH-based company plans to raise $502 million by offering 17.0 million shares at a price range of $28 to $31. At the midpoint of the proposed range, Phillips Edison would command a fully diluted market value of $3.7 billion. The...read more