Alibaba raised $21.8 billion in its IPO on Friday, making it the world's largest IPO ever. At $94, Alibaba commands a diluted market value of $242 billion; it is now the 10th-largest US-listed company, just behind Walmart. With one deal, the total capital...read more
The week of Alibaba's $22 billion IPO kicked off with a broken LBO and a high flying biotech. Prostate cancer biotech Tokai Pharmaceuticals (TKAI) closed 58% above its offer price by the end of Wednesday, while Civitas Solutions (CIVI) broke issue. This...read more
Civitas Solutions, which provides non-institutional care services for the developmentally disabled, raised $199 million by offering 11.7 million shares at $17, well below the $20 to $23 range. Civitas will list on the NYSE under the symbol CIVI. Barclays,...read more
The IPO market has returned in full force, beginning with the 117% first-day pop of ReWalk Robotics (RWLK) on Friday, the year's fifth IPO to double on the first day (since Castlight Health in March) and the only IPO to do so after pricing below the range...read more
US IPO Pricing Recap: Alibaba pops 38%, represents one third of 2014 IPO market proceeds
Alibaba raised $21.8 billion in its IPO on Friday, making it the world's largest IPO ever. At $94, Alibaba commands a diluted market value of $242 billion; it is now the 10th-largest US-listed company, just behind Walmart. With one deal, the total capital...read more
Civitas falls below IPO price and Tokai Pharmaceuticals soars
The week of Alibaba's $22 billion IPO kicked off with a broken LBO and a high flying biotech. Prostate cancer biotech Tokai Pharmaceuticals (TKAI) closed 58% above its offer price by the end of Wednesday, while Civitas Solutions (CIVI) broke issue. This...read more
Civitas Solutions prices IPO at $17, well below the range
Civitas Solutions, which provides non-institutional care services for the developmentally disabled, raised $199 million by offering 11.7 million shares at $17, well below the $20 to $23 range. Civitas will list on the NYSE under the symbol CIVI. Barclays,...read more
Alibaba and 6 health care IPOs planned for the week of September 15
The IPO market has returned in full force, beginning with the 117% first-day pop of ReWalk Robotics (RWLK) on Friday, the year's fifth IPO to double on the first day (since Castlight Health in March) and the only IPO to do so after pricing below the range...read more