Despite three straight weeks of gains among broader equity markets, US IPO investors pushed hard for discounts in the last wave of deals before Labor Day. Three deals priced more than a dollar below the range; the fourth, Peregrine Semiconductor (PSMI),...read more
Outback Steakhouse operator Bloomin' Brands (BLMN) and fabless chip provider Peregrine Semiconductor (PSMI) continued the trend of producing positive returns after pricing below the midpoint of their proposed ranges. Both companies offered investors a...read more
Peregrine Semiconductor, a fabless provider of radio frequency integrated circuits in the wireless market, raised $77 million by offering 5.5 million shares (3% insider) at $14, the low end of the range of $14 to $16. Peregrine Semiconductor plans to list on...read more
With its regular August hiatus approaching, the US IPO market began stumbling last week. Only two deals, Eloqua (ELOQ) and Globus Medical (GMED), priced while an equal number withdrew. In the shadow of the busiest week since March (7 IPOs priced during the...read more
A buyers' market for US IPOs?
Despite three straight weeks of gains among broader equity markets, US IPO investors pushed hard for discounts in the last wave of deals before Labor Day. Three deals priced more than a dollar below the range; the fourth, Peregrine Semiconductor (PSMI),...read more
Pricing pressure produces positive performance for Bloomin' and Peregrine
Outback Steakhouse operator Bloomin' Brands (BLMN) and fabless chip provider Peregrine Semiconductor (PSMI) continued the trend of producing positive returns after pricing below the midpoint of their proposed ranges. Both companies offered investors a...read more
Peregrine Semiconductor prices IPO at $14, the low end of the range
Peregrine Semiconductor, a fabless provider of radio frequency integrated circuits in the wireless market, raised $77 million by offering 5.5 million shares (3% insider) at $14, the low end of the range of $14 to $16. Peregrine Semiconductor plans to list on...read more
US IPO market stumbles before August hiatus
With its regular August hiatus approaching, the US IPO market began stumbling last week. Only two deals, Eloqua (ELOQ) and Globus Medical (GMED), priced while an equal number withdrew. In the shadow of the busiest week since March (7 IPOs priced during the...read more