Alibaba raised $21.8 billion in its IPO on Friday, making it the world's largest IPO ever. At $94, Alibaba commands a diluted market value of $242 billion; it is now the 10th-largest US-listed company, just behind Walmart. With one deal, the total capital...read more
The week of Alibaba's $22 billion IPO kicked off with a broken LBO and a high flying biotech. Prostate cancer biotech Tokai Pharmaceuticals (TKAI) closed 58% above its offer price by the end of Wednesday, while Civitas Solutions (CIVI) broke issue. This...read more
Tokai Pharmaceuticals, a biotech developing small molecule therapies for prostate cancer, raised $97 million in an upsized IPO by offering 6.5 million shares at $15, the high end of the range of $13 to $15. The company originally filed to offer 5.4 million...read more
The IPO market has returned in full force, beginning with the 117% first-day pop of ReWalk Robotics (RWLK) on Friday, the year's fifth IPO to double on the first day (since Castlight Health in March) and the only IPO to do so after pricing below the range...read more
US IPO Pricing Recap: Alibaba pops 38%, represents one third of 2014 IPO market proceeds
Alibaba raised $21.8 billion in its IPO on Friday, making it the world's largest IPO ever. At $94, Alibaba commands a diluted market value of $242 billion; it is now the 10th-largest US-listed company, just behind Walmart. With one deal, the total capital...read more
Civitas falls below IPO price and Tokai Pharmaceuticals soars
The week of Alibaba's $22 billion IPO kicked off with a broken LBO and a high flying biotech. Prostate cancer biotech Tokai Pharmaceuticals (TKAI) closed 58% above its offer price by the end of Wednesday, while Civitas Solutions (CIVI) broke issue. This...read more
Tokai Pharmaceuticals prices upsized IPO at $15, the high end of the range
Tokai Pharmaceuticals, a biotech developing small molecule therapies for prostate cancer, raised $97 million in an upsized IPO by offering 6.5 million shares at $15, the high end of the range of $13 to $15. The company originally filed to offer 5.4 million...read more
Alibaba and 6 health care IPOs planned for the week of September 15
The IPO market has returned in full force, beginning with the 117% first-day pop of ReWalk Robotics (RWLK) on Friday, the year's fifth IPO to double on the first day (since Castlight Health in March) and the only IPO to do so after pricing below the range...read more