PRMI News

Eight companies raised $2.1 billion this past week, capping off the US IPO market's largest quarter in five years. The week was split between tech and biotechs, including two in the biotech space that went public at valuations of more than $2.0 billion. Over 10 companies submitted initial filings this past, promising an active July. This week, we also released our ...read more

Priam Properties, a newly-formed REIT focused on office properties in the Midwest and Southeast, postponed its IPO on Thursday. It had filed to raise $171 million by offering 9 million shares at a price range of $18 to $20. The Nashville, TN-based company was founded in 2018 and booked $42 million in sales for the 12 months ended March 31, 2019. It had planned to list on the...read more

Nine IPOs are scheduled to raise $2.1 billion in the week ahead. Tech and healthcare continue to dominate the IPO market, with four of each this coming week. New filings should also pick up, as companies target post-July 4th launches. McKesson/Blackstone's Change Healthcare (CHNG) is the week's largest IPO, aiming to raise $750 million from common stock, plus...read more

Priam Properties, a newly-formed REIT focused on office properties in the Midwest and Southeast, announced terms for its IPO on Monday. The Nashville, TN-based company plans to raise $171 million by offering 9 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Priam Properties would command a fully diluted market value of $222 million. ...read more