Waltham, Massachusetts-based Morphic, a biopharmaceutical company, has raised about $90 million for its IPO after pricing its 6 million shares at $15 per share. The stock began trading June 27, 2019 on the NASDAQ under the ticker symbol "MORF." Jefferies LLC, Cowen and Company, LLC, BMO Capital Markets Corp. and Wells Fargo Securities LLC are the underwriters. Morphic's pre-IPO backers included Omega Funds, Novo Holdings, Invus and EcoR1 Capital.
Cambium, a provider of wireless broadband networking infrastructure solutions, has debuted its IPO after pricing its 5.8 million shares at $12 per share. The stock began trading June 26, 2019 on the NASDAQ under the ticker symbol "CMBM." JP Morgan Securities and Goldman Sachs are the lead underwriters. Cambium's pre-IPO backer is Vector Capital.
Toronto-based waste management company GFL Environmental Inc is preparing to launch an initial public offering (IPO) this fall, the Globe and Mail reported, citing a source. GFL is seeking to raise up to $1.98 billion through a dual listing on the Toronto Stock Exchange and an undetermined U.S. exchange, the report said. The company hired a syndicate of investment banks to advise on the IPO, with Royal Bank of Canada and Bank of Montreal managing the deal in Canada, the report said. Last year, GFL was recapitalized by an investor group led by BC Partners, Ontario Teachers’ Pension Plan and others. The transaction valued the business at $5.1 billion.
Redwood City, California-based Atreca Inc, a biopharmaceutical company, has raised about $113.8 million for its IPO after pricing its 7.35 million shares at $17 per share. The stock began trading June 20, 2019 on the NASDAQ under the ticker symbol "BCEL." Cowen, Evercore ISI and Stifel are the lead underwriters. Atreca's pre-IPO backers included Wellington Management Company LLC, Cormorant Asset Management, Aisling Capital, Boxer Capital of the Tavistock Group, EcoR1 Capital, Redmile Group, Samsara BioCapital and funds managed by Tekla Capital Management.
Slack Technologies Inc is expected to go public Thursday on the New York Stock Exchange with a valuation of about $15.7 billion, the Wall Street Journal reported. Slack is going public via a direct listing; it’s reference point for the offering is $26, the WSJ said.
Swiss banking software company Avaloq is either considering going public in the next two to four years or a sale, according to its CEO who spoke to Reuters. Avaloq is backed by Warburg Pincus.
ESR Cayman, a logistics real estate developer, has postponed its Hong Kong listing due to unfavorable market conditions, reported Bloomberg. ESR and some of its shareholders. ESR had planned on raising as much as $1.24 billion for the listing. ESR is backed by Warburg Pincus.
Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion, Reuters reported. The deal would be the largest follow-on share sale globally in seven years, the story said.
CrowdStrike, a cybersecurity firm, has debuted its IPO after pricing its 18 million shares at $34 per share. The stock began trading June 12, 2019 on the NASDAQ under the ticker symbol "CRWD." Goldman Sachs, J.P. Morgan, BofA Merrill Lynch and Barclays are the lead underwriters. CrowdStrike's pre-IPO backers included Warburg Pincus, General Atlantic, Accel, IVP, CapitalG and March Capital.
Emeryville, California-based Grocery Outlet, a retailer of consumables and fresh products, has set its IPO pricing terms between $15 and $17 per share. The stock will trade on the NASDAQ under the ticker symbol "GO." The lead underwriters are BofA Merrill Lynch, Morgan Stanley, Deutsche Bank Securities, Jefferies, Barclays, Goldman Sachs & Co. LLC, Guggenheim Securities, UBS Investment Bank and Cowen. Grocery Outlet is a portfolio company of Hellman & Friedman.