LASR News

Performance of IPOs priced year to date may provide direction for the rest of the year. Through May 31, 76 IPOs have priced producing returns of 24% from the IPO price, mostly from the first day pop. Fully 57% of the IPOs have been in the biotech/healthcare and technology sectors, split evenly. While...read more

• Driven by a surge in tech, all 5 IPOs traded up 30% or more (44% avg.) • Tech is by far the year's best IPO sector, averaging 30% vs. 4% for non-tech • AXA Equitable launched its $3.5 billion IPO, the largest since Alibaba in 2014 ...read more

nLight, a leading manufacturer of high-power semiconductor and fiber lasers, raised $96 million by offering 6.0 million shares at $16, above the proposed range. The company raised 27% more proceeds than anticipated; it originally filed to offer 5.4 million shares at a range of $13 to $15. nLight plans to list on the Nasdaq under the symbol LASR. Stifel and Raymond James acted as...read more

Six companies are scheduled to raise a combined $1.3 billion in the week ahead. Digital signature unicorn DocuSign (DOCU) headlines the week, combining high sales, fast growth and positive cash flow. It, Ceridian HCM (CDAY) and Smartsheet (SMAR) are each pitching their software platforms at $1+ billion valuations, ...read more