PPDF News

Four companies are targeting $247 million in the last active week of the 2017 IPO market. LexinFintech, a Chinese online microloan company, leads the pack with the largest deal of the week. Other IPOs include a life insurer and two small health care deals. While it is unusual to see so many IPOs this close to the holidays, we note that LexinFintech is likely pre-sold in China, and...read more

With investors opting for turkey over deals, Thanksgiving week was slow for the IPO market. Senior housing SPAC Big Rock Partners Acquisition (BRPAU) was the only company to come public, raising $60 million. Despite the quiet week, the IPO market as a whole remains strong; average return from IPO this year is 21%, with 8% coming in the aftermarket. The ...read more

Following the busiest week of 2017, the week ahead will be another record breaker with 12 IPOs scheduled to raise a combined $2.1 billion. The week will be led by automated email platform SendGrid and cybersecurity provider SailPoint Technologies. Other notable deals include online personal-styling service ...read more

Ten companies raised a combined $1.6 billion in the most active week of the 2017 IPO market. Texas community bank CBTX took the top spot with a 10% pop, which is still below the long term historical average of 13%. The week featured three regional banks, three biotechs, three fast-growing Chinese companies and a communications platform pivoting to growth. First day...read more