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, 2019IPO Calendar
| Company | Symbol proposed | Shares (Millions) | Est. $ Volume | Expected to Trade | SCOOP Rating | Rating Change |
|---|---|---|---|---|---|---|
| Peloton Therapeutics | PLTX | 9.4 | $ 150.0 mil | 5/23/2019 Postponed | S/O | S/O |
| Proficient Alpha Acquisition | PAACU | 10.0 | $ 100.0 mil | 5/24/2019 Friday | S/O | S/O |
| Blue Hat Interactive Entertainment Technology | BHAT | 1.8 | $ 7.2 mil | 5/29/2019 Wednesday | S/O | S/O |
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% |