CSTR News

class="">Eight companies went public in the year’s most active week. Three priced above the range and each finished above its IPO price (average return of 38%). Biotech Novan and ad-tech platform The Trade Desk led the group with a 67% and 65% first day pop, respectively. After disinterest earlier in the year, the IPO market is finally showing signs of strong initial deman...read more

CapStar Financial Holdings, a Nashville, TN bank with seven locations and $1.3 billion in assets, raised $39 million by offering 2.6 million shares at $15, within the range of $14.50 to $16.50. CapStar Financial Holdings plans to list on the Nasdaq under the symbol CSTR. Keefe Bruyette Woods and Sandler O'Neill acted as lead managers on the deal....read more

Nine deals are on the IPO calendar for the week ahead, aiming to raise a combined $1.2 billion. Set to be the most active week of 2016, the wave of deals counts three founder-led high-growth software companies and a telecom equipment provider. Other deals include two consumer brands, two biotechs and one bank.

CapStar Financial Holdings, a Tennessee bank with seven locations and $1.3 billion in assets, announced terms for its IPO on Wednesday. The Nashville, TN-based company plans to raise $40 million by offering 2.6 million shares (50% insider) at a price range of $14.50 to $16.50. At the midpoint of the proposed range, CapStar Financial Holdings would command a fully diluted market...read more