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Drought: Yangtze River Development, a Chinese logistics company, withdraws $42 million US IPO

YERR

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

IPO

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

YERR

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

INTR

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