The last IPO of 2015 priced this week - 170 companies raised $30 billion this year. On Thursday night, Yirendai priced, just the fifth Chinese company to price a US IPO this year, representing a 64% decline from the 14 Chinese companies that came public in 2014. None of the Chinese IPOs from...read more
Just two small and delayed IPOs - a Chinese e-commerce company and a biotech - raised $105 million this week as management typically avoids investor roadshows before Easter. The real action in the IPO market came from names like Party City (PRTY), Virtu Financial (VIRT) and Aduro Biotech (ADRO), which joined Etsy (ETSY) on next week's ...read more
WoWo, which operates an online mall connecting Chinese merchants and consumers, raised $40 million by offering 4 million ADSs at $10, the midpoint of the $9-$11 range. WoWo plans to list on the NASDAQ under the symbol WOWO. WoWo initially filed confidentially on 8/8/2014. Axiom Capital Management acted as a lead manager on the deal....read more
After an impressive IPO from GoDaddy last week, up to three IPOs could price this week. It appears unlikely that any will raise over $50 million. ViewRay (VRAY) had planned to go public during the last two weeks and will have another go at the...read more
US IPO Weekly Recap: The last IPO of 2015
The last IPO of 2015 priced this week - 170 companies raised $30 billion this year. On Thursday night, Yirendai priced, just the fifth Chinese company to price a US IPO this year, representing a 64% decline from the 14 Chinese companies that came public in 2014. None of the Chinese IPOs from...read more
US IPO Weekly Recap: 2 US IPOs feature first Chinese tech offering of 2015
Just two small and delayed IPOs - a Chinese e-commerce company and a biotech - raised $105 million this week as management typically avoids investor roadshows before Easter. The real action in the IPO market came from names like Party City (PRTY), Virtu Financial (VIRT) and Aduro Biotech (ADRO), which joined Etsy (ETSY) on next week's ...read more
WoWo prices IPO at $10 midpoint
WoWo, which operates an online mall connecting Chinese merchants and consumers, raised $40 million by offering 4 million ADSs at $10, the midpoint of the $9-$11 range. WoWo plans to list on the NASDAQ under the symbol WOWO. WoWo initially filed confidentially on 8/8/2014. Axiom Capital Management acted as a lead manager on the deal....read more
Week ahead: Up to 3 small IPOs could price during the week of April 6
After an impressive IPO from GoDaddy last week, up to three IPOs could price this week. It appears unlikely that any will raise over $50 million. ViewRay (VRAY) had planned to go public during the last two weeks and will have another go at the...read more