FBK 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

Four companies went public and traded up this past week, raising a combined $733 million. Tech IPO Everbridge led the group, trading up 27% on its debut. An MLP carved out of Noble Energy made headlines as the first energy IPO in over a year, and its 17% gain should encourage...read more

FB Financial, a Tennessee bank with 45 branches and $2.9 billion in assets, raised $112 million by offering 5.9 million shares at $19, above the range of $16 to $18. FB Financial plans to list on the NYSE under the symbol FBK. J.P. Morgan, UBS Investment Bank and Keefe Bruyette Woods acted as lead managers on the deal....read more

After four weeks without a single IPO, the US IPO market is back from its annual August pause. Four deals are on the IPO calendar to raise $690 million in the week ahead, including: • The first energy IPO in over a year, an MLP with a 7.5% annualized yield • A VC-backed...read more