MB News

Eight IPOs raised $2.3 billion this past week. High-growth consumer deals Fitbit and Fogo de Chão came out on top. This week featured a diverse set technology, consumer, energy, health care and industrial IPOs, none of which priced below the proposed midpoint. The largest first-day pops and drops tend to come from smaller companies, but Fitbit ($5 billion...read more

MINDBODY, which offers cloud-based business management software for fitness and beauty SMBs, raised $100 million by offering 7.2 million shares at $14, the midpoint of the range of $13 to $15. MINDBODY plans to list on the NASDAQ under the symbol MB. MINDBODY initially filed confidentially on 3/27/2015. Morgan Stanley, Credit Suisse and UBS Investment Bank acted as lead managers...read more

Fitbit leads this week's 11 companies looking to raise over $1.7 billion through US initial public offerings. A good FIT Fitbit (FIT) flexes its muscle with the week's largest IPO; the deal size is set at $448 million, though it could raise more based on investor demand. Fitbit has...read more

Mindbody, which offers cloud-based business management software for fitness and beauty SMBs, announced terms for its IPO on Monday. The San Luis Obispo, CA-based company plans to raise $100 million by offering 7.2 million shares at a price range of $13 to $15. At the midpoint of the proposed range, it would command a fully diluted market value of $568 million. E-commerce...read more