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KDMN News

US IPO Weekly Recap: June kicks off to a slow start with 2 IPO pricings but only one trading

MGTX

Two IPOs priced in the first week of June; only one has started trading Four companies added to the calendar (including two SPACs)  ...read more

US IPO Week Ahead: 2 IPOs in the first week of June; more launches expected

YQ

It's a slow start to the typically-active month of June, but that should change soon. Two companies are targeting a combined $158 million in the week ahead. Deals include Taiwan-based live streaming company M17 Entertainment and gene therapy biotech MeiraGTx. ...read more

US IPO Weekly Recap: 4 IPOs price, Talend on top, Kadmon a flop

TLND

Four IPOs raised $315 million during the last week of the month, bringing July’s deal count to ten and signaling that IPO activity has not yet taken a vacation. Further evidence of a gradual tech IPO recovery materialized with cloud-based software provider Talend rocketing 42% higher on its debut, after pricing 13% above the midpoint.  On the other hand, cash-burning drug...read more

Kadmon plummets 19% on offering; 10 of 12 biotech IPOs since April 1 are below issue

KDMN

Kadmon (KDMN) raised $75 million (53% insider) on its IPO and proceeded to drop 19% on Wednesday, the year's second-worst debut. Kadmon is only the latest in a string of biotech IPOs that have disappointed. Of the 12 biotechs that have IPO'd since the second quarter began, 10 currently trade below issue (82%) and the group's average return is -15%, mirroring the...read more