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US IPO Weekly Recap: Three profitable companies deliver double-digit returns

PI

Three profitable companies each traded up more than 20% this past week, while the sole biotech IPO ended flat. Radio-frequency chip maker Impinj, the week's smallest IPO, delivered the largest return (+40%). For 2016 IPOs, first-day returns (+9.0%) have now eclipsed aftermarket returns (+8.8%), with the average IPO up 19%. None of the past 10 offerings have ended their first day...read more

TPI Composites prices IPO at $11, low end of the revised range

TPIC

TPI Composites, a manufacturer of composite blades used in wind turbines, raised $69 million by offering 6.3 million shares at $11, the low end of the revised range of $11 to $12. The company had originally filed to sell 7.3 million shares at $15-$17. Insiders indicated an interest in purchasing $13.5 million (20%) of the deal. TPI Composites plans to list on the Nasdaq under...read more

TPI Composites decreases IPO deal size, adds insider buying and announces failure of a wind blade

TPIC

TPI Composites, a manufacturer of composite blades used in wind turbines, lowered the proposed deal size for its upcoming IPO on Thursday. The Scottsdale, AZ-based company now plans to raise $72 million by offering 6.3 million shares at a price range of $11 to $12. The company had previously filed to offer 7.3 million shares at a range of $15 to $17. At the midpoint of the...read more

US IPO Week Ahead: Three profitable IPOs and a biotech look to raise $900 million

PTHN

Four IPOs are on the calendar to raise nearly $900 million in the week ahead. Three are profitable, including the fourth-largest offering of 2016 and two companies that grew more than 30% in the MRQ. A biotech with heavy insider buying will also come to market, another IPO in the most...read more