GWRS News

Three dividend-producing companies raised $639 million this past week, tying the prior week as the year's most active by deal count. Yet all three IPOs ended their first days down or flat, bringing the number of first-day flops up to 12 of 16 (75%). An active IPO market hinges on investors' comfort with taking on the risk of a new issue. Las Vegas casino operator...read more

Global Water Resources, which operates water and wastewater utilities in metropolitan Phoenix, AZ, raised $7.3 million by offering 1.16 million shares at $6.25. The company originally set terms to offer 1.0 million shares at a range of $5.25 to $6.25. Global Water Resources plans to list on the Nasdaq under the symbol GWRS. Roth Capital acted as lead manager on the deal....read more

The IPO market is starting to pick up steam with 13 deals raising $2.3 billion year-to-date. Most importantly, the last four were non-biotechs with a healthy average return of 12%. Three more deals are slated to...read more

With the postponement of Elevate Credit's offering this week, there still has not been an IPO in 2016. This coming week could see the IPO of AmeriQuest and Nordic Realty Trust, both of which are scheduled to price next week. The delayed Shimmick Construction deal or the postponed Elevate Credit IPO...read more