FENX News

Six companies went public in the past week, raising $1.4 billion. Half traded up 10% or more, and half had negative or no return. For the second week in a row, the general partner of a midstream natural gas pipelines MLP priced an upsized IPO above its range to become the year's largest company to go public by market cap. We also saw the ...read more

Fenix Parts, a recently formed rollup of thirteen recycled auto part facilities, raised $96 million by offering 12 million shares at $8, below the range of $9 to $11. The company had initially planned to offer 11 million shares. Fenix raised 13% fewer proceeds than initially anticipated and, at its offer price, is now valued at $143 million market cap. Fenix Parts will list on the...read more

Nine IPOs are scheduled to raise $1.4 billion this week. The IPO market could see the year's largest company and the year's largest biotech by market cap begin trading in the US. Two yield plays account for two-thirds of expected proceeds. Six of the nine are development-stage health care and genetics...read more

Fenix Parts, a recently formed rollup of eight recycled auto parts providers, announced terms for its IPO on Friday. The Miami, FL-based company plans to raise $110 million by offering 11.0 million shares at a price range of $9 to $11. At the midpoint of the proposed range, it would command a fully diluted market value of $166 million.  Fenix Parts, which was founded...read more