QES News

Market volatility was back this week, and IPOs either dropped out or dropped their valuations. Six companies in five different sectors raised a combined $992 million, along with one SPAC. Four of the six deals priced below the midpoint of the range, and five broke their issue price during early trading. Three companies formally postponed their IPOs and two more pushed back their...read more

January's record-breaking activity is spilling over into February. Ten companies are targeting a combined $1.8 billion. Headlined by three energy companies, deals include an Argentine ag-tech, a Turkish Burger King franchisee, a Chinese wearables manufacturer, an asset manager, a Botox biotech, a medical device company and the year's first US tech company. read more

Quintana Energy Services, which provides diversified well services to onshore oil and gas E&Ps, announced terms for its IPO on Monday. The Houston, TX-based company plans to raise $125 million by offering 9.3 million shares at a price range of $12 to $15. At the midpoint of the proposed range, Quintana Energy Services would command a market value of $435 million. ...read more

Three companies raised a combined $2.4 billion, bringing total proceeds raised this January to $3.1 billion. Apollo-backed ADT (ADT) traded down 11.5%, the worst debut for a billion-dollar IPO from a US company in the past 10 years. Cold-storage REIT Americold Realty Trust (COLD) and SCF-backed Nine Energy Service (NINE)...read more