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Ipreo IPO Brief: June 2015

June marked another strong period for IPOs, welcoming 30 issuers for $6.6B and matching the prior-year period in terms of deal count but falling short of its proceeds total of $8.8B. The Healthcare sector (11) accounted for the majority of new deals, garnering $1.4B in proceeds, while the largest debut came from Basic Materials issuer Univar ($885.5M). Additionally, the current 6-month backlog stands at 58 issuers looking to raise $7.2B.

Ipreo IPO Brief: May 2015

May welcomed 17 IPOs for $4.4B in proceeds in the most competitive year-over-year monthly performance so far; Last year welcomed 20 May debuts, leaving this month down just 3 issues from the prior-year period. The Healthcare sector (8) accounted for nearly half of all deals, while the largest debut came from Tallgrass Energy GP ($1.4B). Although May saw a slight drop in terms of companies going public year-over-year, those that did make their debut saw an average first-day rise of 6.4%. Elsewhere, the current six-month backlog stands at 50 issuers, a decrease of 41.8% over the same time last year. On a sector basis, Healthcare unsurprisingly leads the way, with 15 issuers awaiting their debuts to the tune of $1.4B.

Ipreo IPO Brief: April 2015

April saw 15 IPOs price – the highest monthly total this year – to the tune of $2.7B as deal volume began to ramp up following a lackluster first quarter. Despite the uptick, the month nevertheless saw 42.3% fewer IPOs as compared to April last year. Of note, Party City priced its $427.7M in the largest debut of the month, while Brooklyn-based startup Etsy Inc. raised $306.7M in its premiere, the second-ever to emerge from Brooklyn. In continuance with the trend of the last year, Healthcare came out on top in terms of deal count, bringing six issuers to market, though none raised more than $146.6M.

Ipreo IPO Brief: March 2015

9 IPOs priced in March, raising a combined $1.5B in proceeds as deal volumes remained markedly lower year-over-year. On a sector basis, Financials prevailed, bringing four new issues to market for $313.6M, including two banks and one BDC. Although March brought fewer companies to market year-over-year, those that did price noticed an average 3.5% gain on their first day of trading. Meanwhile, the current 6-month backlog stands at 59 issuers looking to raise $7.0B, a sharp decline from the prior-year period’s backlog of 75 issuers slated to raise $21.8B. By sector, Healthcare continues to lead in terms of deal count, with 21 deals seeking to raise $1.5B.

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Ipreo IPO Brief: February 2015

9 IPOs priced during February, less than half the number from the year-ago period. Though short by deal-count standards, the month was not lacking in excitement as it welcomed the largest MLP IPO on record (Columbia Pipeline Partners, $1.2B). Meanwhile, February’s sparse deal volume appeared to have kept investors on the sidelines, with the average IPO this month posting a 0.4% loss on its first day of trade. Elsewhere, the current 6-month backlog stands at 58 issuers looking to raise $7.7B, well below the prior-year period’s backlog of 68 issuers slated to raise $15.0B.

Ipreo IPO Brief: January 2015

13 IPOs priced for combined proceeds $1.6B in January, falling from the prior-year period’s 17 debuts which raised $5.8B. Deal size trended on the smaller side this month, with no IPO raising more than $529M (InfraREIT) and the average flotation taking home a modest $123.1M. Meanwhile, following a record-breaking 2014, the Healthcare sector appears to have maintained momentum, bringing 8 issues to public markets last month, with 4 each hailing from the Biotechnology and Medical Instruments and Supplies industries, respectively.

Ipreo IPO Brief: December 2014

14 IPOs priced in December, generating combined proceeds of $3.5B as the IPO market began to slow down as the holidays and end of year came around. The largest IPO of the month came from LendingClub’s $1.0B offering, helping the Financials sector lead in total proceeds ($1.5B). Notably, December’s IPOs recorded sizable first day gains, averaging 22.5% on their first days of trading. Elsewhere, the current 6-month backlog stands at 67 issuers hoping to raise $8.9B in proceeds, led by the Energy sector with $2.7B in the pipeline.

Ipreo IPO Brief: October 2014

October activity slowed from last year, pricing 26 IPOs ($6.1B), well below the year-ago period that saw $12.6B from 31 debuts. The largest IPO of the month came from Shell Midstream Partners, raising $1.1B and making it the largest MLP IPO of 2014. Continuing this year’s trend, Healthcare once again led the month in terms of deal count, with 9 deals raising $1.5B in proceeds, led by VWR’s $616.5M offering. Meanwhile, Energy led the month in terms of proceeds, with $2.3B raised from 5 dealsandShell’s entranceleading the way.

Ipreo IPO Brief: September 2014

September appeared in full force, pricing 16 IPOs for $30.7B, well above the year ago period’s $4.0B from 22 debuts. Alibaba’s IPO accounted for the majority of the month’s proceeds, raising $25.0B and making it the largest IPO ever. Healthcare continued to dominate the market in terms of deal count, as eight deals raised $626.2M,led by Civitas Solutions ($198.9M). Meanwhile, the US-Based 25 Index outperformed broader markets in September, gaining 3.6% against the S&P 500’s 1.5% loss, as market participation picked up following a mostly quiet summer. Additionally, the International 25 Index advanced 4.9%, helped along by Alibaba’s 38.1% first-day pop.

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Ipreo IPO Brief: August 2014

Issuers took a breather in August, as just 10 IPOs priced on $992.2M in proceeds during the month, below the year-ago period’s 17 debuts on $4.2B. While August was the slowest month since February 2013 (eight deals on $848.7M in proceeds), it was on par for the month in terms of historical figures, as there has been an average of 10 IPOs for $2.2B in August going back to 2001. Continuing with recent trends, Healthcare led the month with $309.9M raised from four IPOs. Meanwhile, the U.S.-Based 25 climbed 14.7% in August, the largest monthly gain since March’s 23.3% return. Overall, only four issuers broke the 10.0% offer/1-day mark, led by Healthcare’s T2 Biosystems (+30.2%), which also closed out the month 111.0% above offer price.
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