Cardiovascular biotech Regado Biosciences sets terms for $75 million IPO

Regado Biosciences, which is focused on the discovery and development of drugs for cardiovascular indications, announced terms for its IPO on Friday. The Basking Ridge, NJ-based company plans to raise $75 million by offering 5 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Regado Biosciences would command a fully diluted market value of $219 million. Regado Biosciences, which was founded in 2001, plans to list on the NASDAQ under the symbol RGDO. Regado Biosciences initially filed confidentially on March 1, 2013. Cowen & Company and BMO Capital Markets are the joint bookrunners on the deal.

Should the company be successful in its filing, it plans to list on Nasdaq under the symbol “RGDO.”

Regado has 29 employees, including 17 in the Triangle. The company maintains a lab facility in Durham and an office in Cary.

In the filing, the company revealed that it is on a month-to-month lease on the lab space and that the office lease ends in June.

“We may seek to negotiate new leases or look for additional or alternative space for our operations,” the filing reads.

Constellium (CSTM) began trading on the NYSE on 23 May 2013

Constellium N.V., a Netherlands-based global leader in the design and manufacture of specialty downstream aluminum products and solutions for the aerospace, packaging and automotive industries, began trading today on the NYSE and on NYSE Euronext Paris under the ticker symbol "CSTM".

ChannelAdvisor (ECOM) began trading on the NYSE on 23 May 2013

ChannelAdvisor is a cloud-based e-commerce solution that enables retailers and manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay and Facebook.

Scot Wingo, ChannelAdvisor CEO, Chairman and Co-Founder, rings the opening bell at the New York Stock Exchange on May 23, 2013 in New York City.

ChannelAdvisor CEO Scot Wingo, center, was on hand May 23 when the company’s stock began trading on the New York Stock Exchange. The Research Triangle Park company provides e-commerce solutions.

Marketo (MKTO) began trading on the NASDAQ on 17 May 2013

Description

Marketo, Inc. (Marketo) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing. The Company’s software platform is designed to enable the execution, management and analytical measurement of marketing activities, helping organizations to acquire new customers. The Company’s platform includes marketing automation, social marketing, sales insight and revenue analytics. Its customer base includes 2,000 customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications. The Company provides its solutions on a subscription basis. The Company designs, builds and markets a suite of integrated applications to address the needs of modern marketing professionals. Effective December 19, 2013, Marketo Inc acquired Insightera Ltd.

Marketo, Inc. was founded in 2006 and is headquartered in San Mateo, California.

Address

Suite 200, 901 Mariners Island Blvd.
SAN MATEO, CA 94404
United States 

Website 

http://asia.marketo.com

Key stats and ratios

	Q3 (Sep '13)	2012
Net profit margin	-39.01%	-58.87%
Operating margin	-38.59%	-58.56%
EBITD margin	-	-55.60%
Return on average assets	-22.76%	-43.28%
Return on average equity	-33.97%	-
Employees	373

Tableau (DATA) began trading on the NYSE on Fri 17 May 2013

Tableau closes Day 1 as a $2.9B public company
Tableau had a successful IPO, closing the trading day up 64 percent and raking in $254 million. CEO Christian Chabot says the company is now set to make itself known around the world.

Tableau Software rose $19.75, or 64%, to $50.75 on Friday. The data-analysis software maker’s 8.2 million-share debut priced at $31, above its expected range, raising $254.2 million, excluding the sale of additional shares to underwriters. Strong demand led existing holders to sell one million shares more than initially planned.

chart update 17 March 2014

Marketo jumped $10.10, or 78%, to $23.10, the biggest first-day percentage gain for a newly public company since software maker Splunk Inc. (SPLK) more than doubled after its April 2012 debut. Marketo’s $78.8 million IPO priced at $13, the high end of its expected range.

The deals follow a sluggish start for tech debuts this year. There have been nine U.S.-listed technology or Internet IPOs so far in 2013, down from 21 at the same point in both 2012 and in 2011, according to Dealogic. Market participants said the heavy demand for the shares speaks to rapid expansion in the companies’ businesses, which play into tech trends such as “big data” and “cloud computing.”

Seattle-based Tableau’s software enables people with little computer-programming knowledge to analyze and chart huge data sets. It has seen rapid revenue growth providing tools that help companies mine data to inform business decisions, an area seen as a particularly robust corner of the tech sector.

Splunk, for example, also provides data-analysis tools. Its big first-day gains came after its IPO priced above its proposed range. The company’s shares have extended gains since then.

“For some tech companies, even in a down market, there’s a space for them.

[Tableau] is a rare, high-quality company that will be received regardless of market,” said Charlie Kim, a partner at law firm Cooley LLP who advised on the Tableau offering, along with partner Jodie Bourdet. “Hopefully, the window will continue to stay open.”

Marketo, meanwhile, is the latest in a series of cloud-based software companies, which sell subscriptions to Web-hosted software, to go public. That business model has proved effective for tech upstarts seeking to grab market share from business software giants such as Oracle ORCL +1.92% and SAP.

Marketo has a platform for designing and marketing companies’ marketing activities. More than 20 of the biggest allocations of stock in its IPO went to mutual-fund firms and similar institutions that typically hold shares for extended periods of time, President and Chief Executive Phil Fernandez said in an interview. That’s a sign of strong demand, as companies seek to establish a base of long-term holders.

Goldman Sachs GS +2.40% and Morgan Stanley MS +2.48% led Tableau’s IPO. The company’s shares trade on the New York Stock Exchange under the symbol “DATA.”

Goldman also led the Marketo deal, with Credit Suisse CSGN.VX +1.74%. Marketo trades on the Nasdaq Stock Market NDAQ +1.63% under the symbol “MKTO.”

Apollo-backed Sprouts files for $300m Nasdaq IPO

Apollo Global Management-backed organic grocer Sprouts Farmers Markets has filed to raise $300m in an IPO two years after being bought by the private equity firm.

Sprouts was picked up in February 2011 by Apollo through its Smart & Final subsidiary, and was later merged with Henry’s Farmers Market and Sun Harvest.

Apollo currently owns 51.8 per cent of the business according to the IPO filing with the US Securities and Exchange Commission.

It shows that Goldman Sachs, Credit Suisse are acting as joint bookrunners for the IPO, which shows the company plans to list on the NASDAQ Global Select Market under the SFM ticker.

Sprouts had 157 stories in eight states at the beginning of this month, with pro forma net sales of $2bn for fiscal 2012.

The company sells natural and organic food focusing on health and wellness at affordable prices, including fresh produce and bulk foods, meat and seafood, vitamins, supplements and household items.

Sprouts’ $300m figure is an indicative one used to calculate registration fees. No details were given about expected share price or the number of shares to be sold.

Cyan (CYNI) began trading on the NYSE on 9 May 2013

Executives and guests of Petaluma, Calif.-based Cyan, a leading global supplier of software defined networks (SDNs), ring the Opening Bell. Cyan begins trading today on the NYSE under the ticker symbol “CYNI”.

Quintiles Executive Chairman Dennis Gillings, CBE, celebrates their IPO at the New York Stock Exchange on May 9, 2013 in New York City. 

Quintiles (Q) began trading on the NYSE on 9 May 2013

Executives and guests of Research Triangle Park, N.C.-based Quintiles, a global provider of biopharmaceutical development and commercial outsourcing services, will visit the New York Stock Exchange (NYSE) to celebrate the company’s initial public offering. Quintiles began trading on the NYSE today, May 9, under the ticker symbol “Q”.

Quintiles Executive Chairman Dennis Gillings

Armada Hoeffler Properties (AHH) began trading on the NYSE on 8 May 2013

Armada Hoeffler Properties Celebrates NYSE IPO (5 photos) President and CEO Lou Haddad visited the NYSE Trading Floor and met with DMMs to watch his company stock debut.

ING U.S. (VOYA) began trading on the NYSE on 2 May 2012

• ING US Inc raises $1.3 billion in IPO, less than expected
• ING U.S. sold more shares than expected but at a price that was below the marketed range. It sold 65.2 million shares at $19.50, according to an underwriter. It had intended to price 64.2 million shares at a range of $21 to $24. 
•  The shares were offered by both ING U.S. and its parent. The proceeds for ING U.S. from the offering are intended to be about $600 million. 
•  ING Groep is splitting its banking and insurance operations as part of a restructuring agreement with the European Commission, turning into a smaller Europe-focused bank.
• Morgan Stanley (MS), Goldman Sachs Group Inc (GS) and Citigroup (C) led the IPO.

This is an exciting day for everyone at ING U.S.,” said Rodney Martin, chairman and CEO

ING U.S., Inc. is a retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States. The Company operates its principal businesses through three business lines: Retirement Solutions, Investment Management and Insurance Solutions. In addition, it also has closed Blocks and corporate reporting segments. Closed Blocks consists of three businesses where it has placed its portfolios in run-off-Closed Block Variable Annuity, Closed Block Institutional Spread Products and Closed Block Other. The Company’s corporate segment includes its corporate activities and corporate-level assets and financial obligations.