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Peru's IC Power officially withdraws $350 million US IPO

ICP

IC Power, which generates and distributes power in Peru and other Latin American markets, officially withdrew its plans for an initial public offering on Friday. It had filed to raise $350 million in February 2017 by offering 25.9 million shares at a price range of $12 to $15, but postponed the offering citing market conditions. The Lima, Peru-based company was founded in 2007...read more

Rolling blackout: IC Power postpones $350 million IPO

ICP

IC Power, which generates and distributes power in Peru and other Latin American markets, pulled the plug on its US initial public offering on Thursday, citing market conditions. It had filed to raise $350 million by offering 25.9 million shares at a price range of $12 to $15. The Lima, Peru-based company was founded in 2007 and booked $1.7 billion in sales for the 12 months ended...read more

US IPO Week Ahead: 7-IPO week led by mega REIT and world's largest for-profit school

LAUR

The 2017 IPO market continues its torrid pace with seven deals on the IPO calendar. Blackstone's home-rental REIT, Invitation Homes, aims to raise $1.5 billion in the largest US IPO since October 2015. The week's other two big deals, LBO ...read more

US IPO Weekly Recap: AppDynamics taken out, 6 IPOs price

APPD

The star was taken, but the show must go on. Six companies went public this week, but AppDynamics (APPD) was notably missing as Cisco (Nasdaq: CSCO) acquired it for $3.7 billion the night before its scheduled pricing. Cisco paid a 68% premium to the high end of AppDynamics' upwardly-revised IPO range, and handed an 84% return to investors in the Oct./Nov....read more