15 companies had initial public offerings and raised $6.4 billion this week, making it the most active week in the IPO market since 2007. Including deals that priced yesterday and began trading today, July saw 34 IPOs, a post-tech bubble record....read more
Westlake Chemical Partners LP, an ethylene producer spun out of Westlake Chemical (NYSE: WLK), raised $270 million by offering 11.3 million shares (all primary) at $24, well above the $19-$21 range. Westlake Chemical Partners LP, which now commands a market cap ...read more
As the IPO market prepares for the busiest week of the year, we see a broad spectrum of IPOs, including LBOs, high-growth plays, energy spinoffs and financial firms, all of which could be outnumbered by a wave of biotechs. IPO performance has stabilized after...read more
Westlake Chemical Partners LP, Westlake Chemical Corporation's (WLK) ethylene production business, announced terms for its IPO on Monday. The Houston, TX-based company plans to raise $225 million by offering 11.3 million units at a price range of $19 to...read more
US IPO Pricing Recap: 15 IPOs in the most active week since 2007; 66% ended at or below IPO price
15 companies had initial public offerings and raised $6.4 billion this week, making it the most active week in the IPO market since 2007. Including deals that priced yesterday and began trading today, July saw 34 IPOs, a post-tech bubble record....read more
Westlake Chemical prices IPO at $24, well above the range
Westlake Chemical Partners LP, an ethylene producer spun out of Westlake Chemical (NYSE: WLK), raised $270 million by offering 11.3 million shares (all primary) at $24, well above the $19-$21 range. Westlake Chemical Partners LP, which now commands a market cap ...read more
22 US IPOs planned for the week of Jul 28
As the IPO market prepares for the busiest week of the year, we see a broad spectrum of IPOs, including LBOs, high-growth plays, energy spinoffs and financial firms, all of which could be outnumbered by a wave of biotechs. IPO performance has stabilized after...read more
Ethylene producer Westlake Chemical sets terms for $225 million IPO
Westlake Chemical Partners LP, Westlake Chemical Corporation's (WLK) ethylene production business, announced terms for its IPO on Monday. The Houston, TX-based company plans to raise $225 million by offering 11.3 million units at a price range of $19 to...read more