initial public offerings (IPOs) trading on American exchanges

Wednesday, July 27, 2016

Kadmon (KDMN) began trading on the NYSE on Wed 27 July 2016

Kadmon Holdings shares opened at $11.55 in their Wednesday debut, below the initial public offering price of $12 per share.

Sam Waksal’s biotech company offered 6.25 million shares of common stock. Kadmon granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the IPO price.

Kadmon Holdings President & CEO Harlan Waksal, right, rings a ceremonial bell to mark the beginning of trading of his company’s IPO, on the floor of the New York Stock Exchange, Wednesday, July 27, 2016.

Sam Waksal
Criminal charges: Fraud, Conspiracy, Perjury (ImClone)
Criminal penalty: 87 months imprisonment
Sam Waksal was forced to step down from the CEO position in 2014 as the company planned an IPO, because his sentence also ruled that he was banned from serving as an officer or director to any public company for life. With Waksal leaving the role, his brother Harlan began serving as CEO. Sam Waksal remained with the company and transitioned into the role of Chief of Innovation.
 
In February 2016, Waksal left the Kadmon Pharmaceuticals but remained a shareholder in the company.

Friday, July 22, 2016

Aptevo Therapeutics (APVO) began trading on Nasdaq on 22 July 2016

Aptevo (NASDAQ:APVO) is a recent spinoff from Emergent BioSolutions (NYSE:EBS), an underfollowed biodefense company.




A record high of $8.29 in late July.

Thursday, July 21, 2016

Impinj (PI) began trading on Nasdaq on 21 July 2016

Impinj, Inc. operates a platform that enables wireless connectivity to various everyday items to business and consumer applications.
  • Sector: Technology
  • Industry: Communication Equipment
  • Full Time Employees: 272
  • Founded in 2000 
  • HQ in Seattle, Washington
  • http://www.impinj.com


Friday, July 15, 2016

AdvancePierre (APFH) began trading on the NYSE on Fri 15 July 2016

AdvancePierre Foods Holdings Inc. said its initial public offering of 18.6 million shares priced at $21 each.  Last week, the Cincinnati company said it expected a price range of $20 to $23.

AdvancePierre, with revenue of $1.61 billion last year, provides items including breakfast sandwiches, hamburgers, stuffed pockets and sandwich components. Last year, food-service customers accounted for 55% of its sales.





AdvancePierre, which sold 11.1 million of the shares, will use the proceeds to repay part of its first-lien term loan. Stockholders including Oaktree Capital Management LP sold 7.5 million shares.

Oaktree became the majority owner of Pierre Foods Inc. when it emerged from bankruptcy in 2008. Pierre merged with Advance Food Co. and Advance Brands in September 2010.

Last year, the company bought the wholesale and manufacturing operations of Landshire Inc. and the manufacturing assets of Better Bakery.

S&P Global Ratings said in May that the company’s pricing discipline and product mix have helped it improve profitability and reduce exposure to volatile commodity costs.

Barclays, Credit Suisse and Morgan Stanley are joint book-running managers for the IPO.

Thursday, July 14, 2016

Line (LN) began trading on the NYSE on 14 July 2016

Japan's Line (LN) instant messaging app surged 27% in its NYSE debut, after pricing 35 million American Depositary Receipts at 32.84 a share to raise $1.1 billion. That marks the biggest tech IPO so far this year. Line is controlled by South Korea's Naver.


Line, owned by South Korean internet company Naver, offered 22 million shares on the New York Stock Exchange, and 13 million shares on the Tokyo stock exchange. Shares are trading under the symbol "LN." 

Shares of the Tokyo-based company jumped more than 30 percent after the offering with a high of $44.49, valuing the company at more than $9 billion.  

The company provides free voice calls and messaging, and gets the bulk of its revenue from games, digital stickers, and advertising. Line's games have racked up a cumulative 628 million downloads, the company said. Line said it has 218 million monthly active users, with two-thirds in Japan, Taiwan, Thailand, and Indonesia.



New York Stock Exchange President Tom Farley, center, takes a selfie with Line character Cony on the bell podium on July 14, 2016.


The company formed after the 2011 earthquake and tsunami in Japan as a way to overcome downed communications. It's now the seventh most-used messenger app in the world, the company said, with more than 35 apps available for download. Stickers are a main source of revenue, contributing to more than $270 million in sales. "Stick packs" cost between $2 to $3 for a set of one or two dozen.

In response to questions about the character-driven revenue model, Jung-ho Shin, co-founder and chief global officer of Line pointed to the recent resurgence of Pokemon.

Line is the fifth tech company to go public this year. At this point in 2015, 14 tech companies had gone public.

The IPO market has slowed significantly this year. As of last month, 31 companies had gone public in the U.S., down from 69 in the first five months of 2015 and 115 in the same period in 2014, Barron's reported, citing Renaissance Capital.

Monday, July 11, 2016

EVHC — is it a buy?

Envision Healthcare is an American healthcare company and national hospital based physician group. 
  • It has been a part of the S&P 500 index since December 2, 2016, where it replaced Legg Mason.
  • Reverse split on December 02, 2016. This was a 334 for 1000 reverse split, meaning for each 1000 shares of EVHC owned pre-split, the shareholder now owned 334 shares.


  • 2 years later

weekly


monthly

Wednesday, July 6, 2016

Twilio (TWLO) began trading on the NYSE on 23 June 2016




Jeff Lawson, (C) Founder, CEO, & Chairman of Communications software provider Twilio Inc., rings the opening bell to celebrate his company's IPO at the New York Stock Exchange in New York City, June 23, 2016.