The first two IPOs of 2015 both priced below the range and broke issue in early trading Friday. Wisconsin-based County Bancorp recovered to an 8% gain, but insurance services provider Patriot National ended the day down 4%. Last year's finance IPOs average a -1%...read more
Patriot National, which provides fee-based administration services to workers' compensation insurers, raised $116 million by offering 8.3 million shares (12% insider) at $14, below the range of $16 to $18. Patriot National plans to list on the NYSE under the...read more
The 2015 IPO market kicks off with three finance companies including a mortgage REIT, an insurance service company and a Wisconsin dairy-focused bank. Financial offerings averaged three per month in 2014 and averaged 2% on the first day and 0.4% thereon....read more
The 2015 IPO market kicks off with three financial firms, including two REITs and an insurance broker. All three had previously attempted to go public. Mortgage REIT Sutherland Asset Management is set to raise...read more
US IPO Weekly Recap: Year's first two IPOs have a mediocre reception amid market slide
The first two IPOs of 2015 both priced below the range and broke issue in early trading Friday. Wisconsin-based County Bancorp recovered to an 8% gain, but insurance services provider Patriot National ended the day down 4%. Last year's finance IPOs average a -1%...read more
Patriot National prices IPO below the range at $14
Patriot National, which provides fee-based administration services to workers' compensation insurers, raised $116 million by offering 8.3 million shares (12% insider) at $14, below the range of $16 to $18. Patriot National plans to list on the NYSE under the...read more
Week ahead: 2015 IPO market kicks off with three finance companies
The 2015 IPO market kicks off with three finance companies including a mortgage REIT, an insurance service company and a Wisconsin dairy-focused bank. Financial offerings averaged three per month in 2014 and averaged 2% on the first day and 0.4% thereon....read more
The first IPOs of 2015: Three financial firms rejoin the IPO calendar
The 2015 IPO market kicks off with three financial firms, including two REITs and an insurance broker. All three had previously attempted to go public. Mortgage REIT Sutherland Asset Management is set to raise...read more