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 it...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 $21...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 it...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 $21...read more