ATH News

With the S&P 500 at record highs and average IPO returns handily beating the broad market indices, the US IPO market should have produced high levels of issuance in 2016. Instead, proceeds fell to their lowest level since 2003 and activity was the worst since 2009. This seemingly contradictory year can be explained in part by the market freefall in the 1Q that resulted in...read more

Four US IPOs raised $1.2 billion this past week, driven by the year's third-largest IPO, Athene Holding. The door has now closed for new 2016 IPO launches, and the year's final week of offerings is upon us. Volatility hit a 90-day low while markets continued to notch all-time highs: The...read more

Athene Holding, an Apollo-backed provider of fixed annuities with $87 billion in assets, raised $1.1 billion in an upsized deal by offering 27 million shares at $40, the midpoint of the $38 to $42 range. Athene Holding plans to list on the NYSE under the symbol ATH. Goldman Sachs, Barclays, Citi, Wells Fargo Securities, BofA Merrill Lynch, BMO Capital Markets, Credit Suisse,...read more

With the final month of 2016 underway, a few more companies are set to join the IPO class of 2016 next week, closing in on 100 offerings this year. Among them: both fixed annuities-provider Athene and semiconductor capital equipment supplier Ichor. ...read more