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MIME News

What happens to the IPO market when volatility spikes?

RACE

Volatility is back. The VIX Index went above 30 for the first time since August 2015. That long-dormant volatility has immediately begun to derail IPO activity: Three deals postponed this past week, and two more pushed...read more

LINE pops 27% on billion-dollar debut, sending a positive message to tech IPOs

LN

LINE (LN), the popular Japanese messaging platform, popped 27% on Thursday after raising $1.15 billion in the largest US tech IPO since Alibaba in September 2014. While tech IPO activity still remains well below historical levels, LINE’s IPO is the latest positive data point from the sector. The past ten tech IPOs finished Thursday with a positive return...read more

US IPO Weekly Recap: Payments unicorn Square gains 43% after slashing price

SQ

All five IPOs priced at the low end or below the range this week but finished Friday with a positive return. That dynamic has become more common for IPOs in the past 90 days. ...read more

Thursday's hat-trick of tech IPOs opens the door for more

SQ

The IPO market has an appetite for tech, but only if issuers can swallow the price they're offered. Each of Thursday's three high-growth IPOs priced below the midpoint and traded up. Even excluding "fintech" payments processor Square, the 4Q15's tech IPO count has jumped to seven, up from five by this point in the fourth quarter last year and just one in the entire 3Q15. ...read more