Avantor Inc, a manufacturer and distributor of products, services and solutions to professionals in the life sciences and advanced technology industries, has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be disclosed. Avantor is a portfolio company of New Mountain Capital.
South San Francisco-based Harpoon Therapeutics Inc, a clinical-stage immunotherapy company, has raised $75.6 million for its IPO after pricing its 5.4 million shares at $14 per share. The stock began trading February 8, 2019 on the NASDAQ under the ticker symbol "HARP." Citigroup and SVB Leerink are the lead underwriters. Harpoon's pre-IPO backers include OrbiMed, Cormorant, Ridgeback Capital Investments, Lilly Asia Ventures, NS Investment, MPM Capital, Oncology Impact Fund, Arix Bioscience, New Leaf Venture Partners and Taiho Ventures LLC.
San Diego-based biopharmaceutical company Gossamer Bio has raised $276 million for its IPO after pricing its 17.25 million shares at $16 per share. The stock began trading February 8, 2019 on the NASDAQ under the ticker symbol "GOSS." BofA Merrill Lynch, SVB Leerink, Barclays and Evercore ISI are the lead underwriters. Gossamer's pre-IPO backers include Omega Funds and and ARCH Venture Partners.
Lightspeed POS, a Montréal-based point-of-sale solution for retailers, restaurants and e-commerce businesses, has filed a preliminary prospectus with Canadian regulators for an initial public offering. The company has not yet determined the number and price of subordinate voting shares to be sold on the Toronto Stock Exchange. BMO Capital Markets, National Bank Financial and J.P. Morgan Securities Canada are the IPO’s lead underwriters and joint bookrunners. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised about $166 million in a Series D financing in 2017, the largest round for a Canadian IT company in 25 years. Caisse de dépôt et placement du Québec led and was joined by IQ, iNovia Capital and Silicon Valley Bank.
Earth Capital said Feb. 7 that it has exited the UK Energy Efficiency Investments Fund after the pool went public in December via a 100 million pound IPO. Other investors of the fund include Green Investment Bank, Earth Capital investee SDCL EEco LLP (‘SDCL’), the European Investment Bank and other institutional LPs. SDCL Energy Efficiency Income Trust acquired the assets of the Fund in conjunction with the IPO.
Bank Hapoalim Ltd is leaning toward an IPO for Isracard Ltd rather than a sale or distributing its stake in Israel’s largest credit card business to shareholders, Bloomberg is reporting. An IPO could value Isracard at $1 billion, the story said. Bank Hapoalim is working with Citigroup on options for Isracard, Bloomberg said.
Thoma Bravo is preparing for an initial public offering (IPO) or sale of Trader Corp, an Etobicoke, Ontario-based digital automotive marketplace, according to a report by the Globe and Mail. Sources told the Globe and Mail that Thoma Bravo is expected to launch an IPO in the next six weeks that would allow it to sell a portion of its interest in Trader. The U.S. private equity firm is also willing to sell the entire company if a buyer steps forward, the sources said. Thoma Bravo recently hired a syndicate of investment banks to advise on a potential IPO or sale, the report said. Thoma Bravo acquired Trader in 2016 for about $1.57 billion. The seller was U.K. private equity firm Apax Partners.
Exeter Finance Corp, a Blackstone portfolio company, has filed to go public, according to regulatory filings. Exeter, a subprime auto lender, plans to trade on the New York Stock Exchange. How many shares Exeter will offer and their price range are expected in future filings.
Pinterest Inc is preparing for an initial public offering that could value the company at $12 billion or more, the Wall Street Journal reported. The IPO could come as soon as April, the story said. Pinterest is also in talks with banks for a credit line that could come in around $500 million, the WSJ said.
SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO - a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor, Reuters reported.