Two IPOs raised $275 million this week after steep valuation cuts. Both disappointed, finishing Friday at the offer price. They weren't alone: The S&P 500 declined 1.9% during the week, making headlines for its 9-day losing streak. While both companies...read more
Smart Sand, which mines and processes raw frac sand used in oil and gas drilling, raised $129 million by offering 11.7 million shares (100% primary) at $11, well below the range of $15 to $18. The company had originally planned to sell 10.6 million (86% primary,...read more
Coming off a busy week for IPOs, only two deals looking to raise $425 million are on the calendar in the week ahead. GDS Holdings (GDS), a leader in the Chinese market for high-performance carrier-netural data centers, is targeting a $1.7 billion market...read more
Meet the frackers: 3 oilfield services firms prep US IPOs
FTS...read more
US IPO Weekly Recap: 2 IPOs price down and trade flat
Two IPOs raised $275 million this week after steep valuation cuts. Both disappointed, finishing Friday at the offer price. They weren't alone: The S&P 500 declined 1.9% during the week, making headlines for its 9-day losing streak. While both companies...read more
Smart Sand prices IPO at $11, well below the range, and removes insider selling
Smart Sand, which mines and processes raw frac sand used in oil and gas drilling, raised $129 million by offering 11.7 million shares (100% primary) at $11, well below the range of $15 to $18. The company had originally planned to sell 10.6 million (86% primary,...read more
US IPO Week Ahead: 2 deals feature Chinese data centers and frac sand
Coming off a busy week for IPOs, only two deals looking to raise $425 million are on the calendar in the week ahead. GDS Holdings (GDS), a leader in the Chinese market for high-performance carrier-netural data centers, is targeting a $1.7 billion market...read more