Every one of the 10 IPOs last week priced at a discount to its original midpoint, including 8 that priced below the range. Over the past two weeks, 80% of IPOs had an opening price below the midpoint, with an average discount of 9.1%. Up until that point, 41% of...read more
Paycom Software, which provides on-demand payroll and human capital management software, raised $100 million by offering 6.6 million shares (31% insider) at $15, well below the $18 to $20 range. Paycom Software will list on the NYSE under the symbol PAYC....read more
US IPO Recap: The IPO market finds a clearing price
Every one of the 10 IPOs last week priced at a discount to its original midpoint, including 8 that priced below the range. Over the past two weeks, 80% of IPOs had an opening price below the midpoint, with an average discount of 9.1%. Up until that point, 41% of...read more
Paycom Software prices IPO at $15, well below the $18 to $20 range
Paycom Software, which provides on-demand payroll and human capital management software, raised $100 million by offering 6.6 million shares (31% insider) at $15, well below the $18 to $20 range. Paycom Software will list on the NYSE under the symbol PAYC....read more
11 US IPOs planned for the week of Apr 14
The following IPOs are expected to price this week: City Office REIT (CIO), a REIT formed to acquire and operate office properties in the US, plans to raise $100 million...read more
16 US IPOs planned for the week of Apr 7
The following IPOs are expected to price this week: Adamas Pharmaceuticals (ADMS), which is developing treatments for CNS disorders such as Parkinson's and Alzheimer's, ...read more