PSAV News

The IPO market's very active summer 2018 has wrapped up. This week, four small IPOs got in before the annual August pause. Each priced below the midpoint to raise a combined $307 million. A regional airline, two regional banks, and biotech averaged a 0% return. Top performer Amalgamated Bank (AMAL) finished with a mere 6% gain, and the other three were negative....read more

PSAV, which is a leading provider of audiovisual equipment rental and support services for events, withdrew its plans for an initial public offering on Wednesday after it was announced that the company will be acquired by Blackstone. Terms were not disclosed. It had filed in June 2016 to raise $177 million at an enterprise value of $1.5 billion, before postponing the offering. ...read more

Goldman's LBO, PSAV, failed to price this week and officially postponed its offering on Friday, reflecting the uncertain environment currently faced by investors.  The IPO market is struggling to build momentum amid market volatility and macroeconomic disturbances. Along with continued talks of a Brexit, the Fed declined to raise rates again, and the VIX Volatility Index...read more

PSAV, a leading provider of audiovisual equipment rental and support services for events, postponed its IPO on Thursday. It had filed to raise $177 million by offering 14.2 million shares at a price range of $12 to $13. The Schiller Park, IL-based company was founded in 1962 and booked $1.5 billion in sales for the 12 months ended March 31, 2016. It had planned to list on the...read more