Momo, a Chinese location-based meeting and messaging app with 60 million monthly users, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The company includes September IPO Alibaba (BABA) among its primary...read more
Every one of the 10 IPOs last week priced at a discount to its original midpoint, including 8 that priced below the range. Over the past two weeks, 80% of IPOs had an opening price below the midpoint, with an average discount of 9.1%. Up until that point, 41% of...read more
Weibo, China's largest microblogging service with 143.8 million MAUs and a spinoff of Sina, raised $286 million by offering 16.8 million ADSs (down from 20 million) at $17, the low end of the $17-$19 range. Weibo raised 21% fewer proceeds than initially expected...read more
The Alibaba-backed Tinder of China: Momo files for a $300 million IPO
Momo, a Chinese location-based meeting and messaging app with 60 million monthly users, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The company includes September IPO Alibaba (BABA) among its primary...read more
US IPO Recap: The IPO market finds a clearing price
Every one of the 10 IPOs last week priced at a discount to its original midpoint, including 8 that priced below the range. Over the past two weeks, 80% of IPOs had an opening price below the midpoint, with an average discount of 9.1%. Up until that point, 41% of...read more
Weibo prices downsized IPO at $17, at the low end of the range
Weibo, China's largest microblogging service with 143.8 million MAUs and a spinoff of Sina, raised $286 million by offering 16.8 million ADSs (down from 20 million) at $17, the low end of the $17-$19 range. Weibo raised 21% fewer proceeds than initially expected...read more
11 US IPOs planned for the week of Apr 14
The following IPOs are expected to price this week: City Office REIT (CIO), a REIT formed to acquire and operate office properties in the US, plans to raise $100 million...read more