SWI News

Seven IPOs raised $1.1 billion, an active week given the market's volatility. Reflecting that backdrop, five of the seven five priced below the range, and two more postponed. Most had insider support. While the number of deals on the IPO calendar will make for an active October (>20 total), the...read more

SolarWinds, which provides hybrid IT infrastructure management software, raised $375 million by offering 25 million shares (100% primary) at $15, the low end of the revised range of $15 to $16. At pricing, the company will command a fully diluted market value of $4.8 billion and an enterprise value of $6.4 billion. SolarWinds plans to list on the NYSE under the symbol SWI. Goldman...read more

SolarWinds, which provides hybrid IT infrastructure management software, lowered the proposed deal size for its upcoming IPO on Thursday. The Austin, TX-based company now plans to raise $388 million by offering 25 million shares (20% insider; 5 million shares) at a price range of $15 to $16. The company had previously filed to offer 42 million shares (60% insider; 25 million...read more

Eight IPOs plan to raise $1.6 billion in the week ahead. Tech, biotech and China have been key drivers of 2018 IPO activity, and more of each are scheduled for the week ahead. Each of the three segments was hit particularly hard during the recent sell-off, but had a nice recovery well on Friday.  LBO'd in 2016 by Silver Lake and Thoma Bravo, SolarWinds'...read more