The IPO Buzz: Wild Ride of the Unicorns

The blockbuster IPOs of companies valued at $1 billion or more, generally known as unicorns, have not been sprinkling magic dust on the new-issue calendar. Five such IPOs have come to market so far in 2019. Two worked out well, two flopped and the remaining one scored a modest gain above its IPO price. At Friday’s close, three ended above their IPO price, while two slipped below that level. The..

Read more May 19, 2019

IPO Calendar

Company Symbol proposed Lead Managers Shares (Millions) Price Low Price High Est. $ Volume Expected to Trade SCOOP Rating Rating Change
Peloton Therapeutics PLTX J.P. Morgan/ Citigroup/ Jefferies 9.4 15.00 17.00 $ 150.0 mil 5/23/2019 Postponed S/O S/O
Rattler Midstream Partners LP RTLR Credit Suisse/ BofA Merrill Lynch/ J.P. Morgan/ Barclays/ Citigroup/ Goldman Sachs/ Wells Fargo Securities 38.0 17.50 17.50 $ 665.0 mil 5/23/2019 Priced S/O S/O
Proficient Alpha Acquisition PAACU I-Bankers Securities 10.0 10.00 10.00 $ 100.0 mil 5/24/2019 Friday S/O S/O
Read more

Last 100 IPOs - May 23, 2019

Number of IPOs priced : 100
Number Up: 55
Number Down: 44
Number Unchanged: 1
Percentage Change From Issue Price: 25.79%
Percentage Change for The Nasdaq Composite -2.51%

2019 IPO Scorecard - May 23, 2019

Number of IPOs priced (Excluding 25 units) : 59
Number Up: 33
Number Down: 25
Number Unchanged: 1
Total Return From Issue Price: 24.11%
The Nasdaq Composite Index YTD % Change 17.71%