The IPO market will see two weeks in a row with an initial public offering from a company taken out of bankruptcy in a PE buyout.
Last week, radio station operator Townsquare Media (TSQ) priced 27% below the range and ended the day below issue. The ...read more
This week's 10 IPOs largely disappointed as 70% were forced to price below the proposed range and 80% closed the week up 1% or less. Before this week, only 36% of IPOs this year had first-day pops of 1% or less. The enthusiasm for last week's ...read more
Two of the four IPOs on Thursday broke issue after pricing below the range. Less than a quarter of IPOs in the past three months have traded down on the first day. The top performer, Intersect ENT (XENT), priced at the low end and gained 18%. The...read more
Townsquare Media, an Oaktree-backed operator of 312 radio stations in small and mid-sized markets, raised $92 million by offering 8.3 million shares at $11, well below the $14 to $16 range. Townsquare Media will list on the NYSE under the symbol TSQ. BofA...read more
IPOs back from bankruptcy
The IPO market will see two weeks in a row with an initial public offering from a company taken out of bankruptcy in a PE buyout. Last week, radio station operator Townsquare Media (TSQ) priced 27% below the range and ended the day below issue. The ...read more
US IPO Pricing Recap: The crazy chicken flies while 8 IPOs trade down or flat
This week's 10 IPOs largely disappointed as 70% were forced to price below the proposed range and 80% closed the week up 1% or less. Before this week, only 36% of IPOs this year had first-day pops of 1% or less. The enthusiasm for last week's ...read more
Thursday saw four IPOs raise under $100 million; two broke issue
Two of the four IPOs on Thursday broke issue after pricing below the range. Less than a quarter of IPOs in the past three months have traded down on the first day. The top performer, Intersect ENT (XENT), priced at the low end and gained 18%. The...read more
Townsquare Media prices IPO at $11, well below the range
Townsquare Media, an Oaktree-backed operator of 312 radio stations in small and mid-sized markets, raised $92 million by offering 8.3 million shares at $11, well below the $14 to $16 range. Townsquare Media will list on the NYSE under the symbol TSQ. BofA...read more