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SRVA News

Employee relocation company SIRVA revives plans for IPO

SIRVA, which provides domestic and international relocation services for employees, updated its IPO filing on Friday after postponing in August 2014.  In the filing, the company disclosed financial results for fiscal 2014 as well as for the six months ended June 30, 2015. Goldman Sachs was the only bookrunner retained on the deal. For the six months ended June 30...read more

Relocation services provider SIRVA postpones $185 million IPO

SIRVA, which provides domestic and international relocation services for employees, postponed its IPO on Friday. The Oakbrook Terrace, IL-based company was founded in 1998 and booked $455 million in sales for the 12 months ended March 31, 2014. Morgan Stanley, Goldman Sachs and J.P. Morgan were set to be the joint bookrunners on the deal....read more

IPOs back from bankruptcy

The IPO market will see two weeks in a row with an initial public offering from a company taken out of bankruptcy in a PE buyout. Last week, radio station operator Townsquare Media (TSQ) priced 27% below the range and ended the day below issue. The heavily discounted IPO raised $92 million, with an IPO market cap of $298 million ($772 million...read more

22 US IPOs planned for the week of Jul 28

As the IPO market prepares for the busiest week of the year, we see a broad spectrum of IPOs, including LBOs, high-growth plays, energy spinoffs and financial firms, all of which could be outnumbered by a wave of biotechs. IPO performance has stabilized after it began falling from an end-of-June peak. Last week, 40% of IPOs broke issue and 80% traded up 1% or less. However, El...read more