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TSQ News

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

TSQ

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