APIC News

The IPO market swung back into action in the shortened post-Labor Day week with seven deals added to the calendar: two banks, three software providers, the first energy play in over a year and a biotech. Five companies submitted initial filings, including self-proclaimed unicorn Coupa Software and gene editing biotech CRISPR Therapeutics.  The new IPO activity is supported...read more

Only two companies came public this week, raising $347 million, with both ending the week roughly even with their IPO prices. National Storage Affiliates REIT (NSA) priced 19% below the midpoint and traded up just 1% by Friday close. The self-storage roll-up likely turned off investors with its complex and unproven equity incentive structure. Based on...read more

Apigee, which provides a cloud-based platform for businesses to design, deploy and scale APIs, raised $87 million by offering 5.1 million shares at $17, the midpoint of the $16-$18 range. With yesterday's announced insider buying from Third Point and Wellington, the free float will be 10% of diluted shares. At $17, Apigee commands a fully diluted market cap of $550 million and an...read more

This week the IPO market could see a high-yield REIT, a high-growth software provider and a small biotech. After strong performance from ...read more