INTR News

The IPO market's very active summer 2018 has wrapped up. This week, four small IPOs got in before the annual August pause. Each priced below the midpoint to raise a combined $307 million. A regional airline, two regional banks, and biotech averaged a 0% return. Top performer Amalgamated Bank (AMAL) finished with a mere 6% gain, and the other three were negative....read more

Intrepid Aviation, an aircraft lessor with a portfolio of 30 modern aircraft, withdrew its plans for an initial public offering on Monday. It originally filed in November 2014 with a proposed deal size of $150 million. The Stamford, CT-based company was founded in 2011 and booked $271 million in revenue for the 12 months ended March 31, 2017. It had planned to list on the NYSE...read more

The IPO market continued at its snail's pace with only two pricing dates set and one initial filing for an up-listing this past week. The slowdown is to be expected around this time of year as companies update their year-end financials. Papa's special Silver Run Acquisition (SRAQU), a blank check company formed by Mark Papa and...read more

Avolon Holdings, a private equity-backed aircraft lessor with a portfolio of 227 aircraft, announced terms for its IPO on Monday. The Dublin, Ireland-based company plans to raise $300 million by offering 13.6 million shares (100% insider) at a price range of $21 to $23. At the midpoint of the proposed range, Avolon Holdings would command a market value of $1.8 billion. Virgin...read more