Almost two-thirds of all IPOs in the 3Q were healthcare or tech, along with 7 of the top 10 best-performing IPOs. The healthcare sector had 14 offerings raise $4.0 billion; deal flow was driven by biotechs (7) and diagnostics companies (3), while two dental products makers represented about half of the sector’s proceeds. Three companies sold healthcare technology, two software...read more
Five health and tech companies went public this week, and each finished the week up at least 20%. One SPAC also IPO'd. Three companies and one SPAC submitted initial filings. After weeks of nonstop news coverage, The We Company (WE) delayed its IPO to the 4Q19. Another mega IPO, Airbnb, announced it would seek public markets in 2020. The leader of the pack was...read more
Envista Holdings, a dental supplies and equipment provider being carved out of Danaher, raised $589 million by offering 26.8 million shares at $22, slightly below the midpoint of the $21 to $24 range. Envista Holdings plans to list on the NYSE under the symbol NVST. J.P. Morgan, Goldman Sachs, Morgan Stanley, Baird, Evercore ISI and Jefferies acted as lead managers on the deal....read more
Featured under Large and PE-Backed IPOs in our 2019 Fall IPO Preview: Envista Holdings (NVST) is scheduled to go public on Wednesday (09/18/19). A spinoff of Danaher (NYSE: DHR), dental supplies company Envista Holdings (NVST) is the largest IPO this week by deal size, planning to raise $602 million...read more
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Healthcare and Tech Industries Led IPO Activity in the 3Q
Almost two-thirds of all IPOs in the 3Q were healthcare or tech, along with 7 of the top 10 best-performing IPOs. The healthcare sector had 14 offerings raise $4.0 billion; deal flow was driven by biotechs (7) and diagnostics companies (3), while two dental products makers represented about half of the sector’s proceeds. Three companies sold healthcare technology, two software...read more
US IPO Weekly Recap: Health and tech shine as week’s 5 IPOs close Friday up 20% or more
Five health and tech companies went public this week, and each finished the week up at least 20%. One SPAC also IPO'd. Three companies and one SPAC submitted initial filings. After weeks of nonstop news coverage, The We Company (WE) delayed its IPO to the 4Q19. Another mega IPO, Airbnb, announced it would seek public markets in 2020. The leader of the pack was...read more
Dental products supplier Envista prices IPO within the range at $22
Envista Holdings, a dental supplies and equipment provider being carved out of Danaher, raised $589 million by offering 26.8 million shares at $22, slightly below the midpoint of the $21 to $24 range. Envista Holdings plans to list on the NYSE under the symbol NVST. J.P. Morgan, Goldman Sachs, Morgan Stanley, Baird, Evercore ISI and Jefferies acted as lead managers on the deal....read more
Largest IPO this Week: Danaher Carves Out its Dental Unit with Envista
Featured under Large and PE-Backed IPOs in our 2019 Fall IPO Preview: Envista Holdings (NVST) is scheduled to go public on Wednesday (09/18/19). A spinoff of Danaher (NYSE: DHR), dental supplies company Envista Holdings (NVST) is the largest IPO this week by deal size, planning to raise $602 million...read more