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2017 IPO state rankings: California clings to #1 spot with TX and NY close behind

ROKU

Driven by Silicon Valley, California is again the most active state for 2017 IPO activity with 26 offerings so far this year. The group averages an impressive 44% return, including three deals that are up over 100%.

Biotechs stage comeback after slow quarter

TOCA

The US IPO market snapped back in the 1Q17, but quarterly biotech activity fell to its lowest level since the 4Q12. Just three of the 25 deals came from biotechs in the 1Q17, compared to seven of the eight in the 1Q16. Recent IPO Tocagen (TOCA) broke the drought with an $85 million deal on April 12. More deals should follow: five biotechs have filed for IPOs since...read more

Renaissance Capital's 1Q17 US IPO Market Review

SNAP

The US IPO market began 2017 with a far stronger start than the 1Q16. Momentum continued through the quarter, ending with 25 IPOs raising nearly $10 billion. A diverse set of companies from various sectors went public, ending biotech’s multi-year run as the top contributor to deal flow. The long-awaited debut of Snap’s $3.4 billion IPO, the largest of a US tech company...read more

US IPO Weekly Recap: AppDynamics taken out, 6 IPOs price

APPD

The star was taken, but the show must go on. Six companies went public this week, but AppDynamics (APPD) was notably missing as Cisco (Nasdaq: CSCO) acquired it for $3.7 billion the night before its scheduled pricing. Cisco paid a 68% premium to the high end of AppDynamics' upwardly-revised IPO range, and handed an 84% return to investors in the Oct./Nov....read more