Yangtze River Development, which was constructing a port logistics facility in Wuhan, China, withdrew its plans for an initial public offering on Thursday. It originally filed in February 2016 as a min-max offering. The company most recently updated its filing in March 2017.
The New York, NY-based company was founded in 2009 and it had planned to list on the NYSE under the...read more
This week saw four companies file for IPOs including family-owned trucker Schneider National (SNDR), packaging film manufacturer Klöckner Pentaplast (KP), E&P Jagged Peak Energy (JAG), and SPAC FinTech Acquisition II (FNTEU). There were no pricings this week and there is nothing on the calendar for...read more
It was a slow week in the IPO market, which, besides the usual February lull as companies update financial statements for year-end, should be expected in a week shortened by President’s Day. As the IPO market remains nearly in standstill, ...read more
The IPO market continued at its snail's pace with only two pricing dates set and one initial filing for an up-listing this past week. The slowdown is to be expected around this time of year as companies update their year-end financials. Papa's specialSilver Run Acquisition (SRAQU), a blank check company formed by Mark Papa and...read more
Drought: Yangtze River Development, a Chinese logistics company, withdraws $42 million US IPO
Yangtze River Development, which was constructing a port logistics facility in Wuhan, China, withdrew its plans for an initial public offering on Thursday. It originally filed in February 2016 as a min-max offering. The company most recently updated its filing in March 2017. The New York, NY-based company was founded in 2009 and it had planned to list on the NYSE under the...read more
US IPO Weekly Recap: 3 Large filings look to raise an estimated $1.6 billion as preparation begins for 2017
This week saw four companies file for IPOs including family-owned trucker Schneider National (SNDR), packaging film manufacturer Klöckner Pentaplast (KP), E&P Jagged Peak Energy (JAG), and SPAC FinTech Acquisition II (FNTEU). There were no pricings this week and there is nothing on the calendar for...read more
US IPO Weekly Recap: Another slow week and another comparison to 2008
It was a slow week in the IPO market, which, besides the usual February lull as companies update financial statements for year-end, should be expected in a week shortened by President’s Day. As the IPO market remains nearly in standstill, ...read more
Week ahead: A microcap biotech and a SPAC
The IPO market continued at its snail's pace with only two pricing dates set and one initial filing for an up-listing this past week. The slowdown is to be expected around this time of year as companies update their year-end financials. Papa's special Silver Run Acquisition (SRAQU), a blank check company formed by Mark Papa and...read more