SolarWinds, a provider of IT management software, has debuted its IPO after pricing its 25 million shares at $15 per share. The stock began trading October 19, 2018 on the New York Stock Exchange under the ticker symbol "SWI." Goldman Sachs, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are the lead underwriters. SolarWind's pre-IPO backers were Thoma Bravo and Silver Lake.
Cambridge, Massachusetts-based LogicBio Therapeutics Inc, a genome editing company, has raised $70 million for its IPO after pricing its 7 million shares at $10 per share. The stock began trading October 19, 2018 on the NASDAQ under the ticker symbol "LOGC." Jefferies, Barclays and William Blair are the lead underwriters. LogicBio’s pre-IPO backers include Arix Bioscience, OrbiMed, Edmond De Rothschild Investment Partners, Pontifax and SBI.
StoneCo Ltd, a Brazilian provider of financial technology solutions, has priced its IPO of 47.7 million shares at a price between $21 and $23 per share. The company plans on listing the stock on the NASDAQ under the ticker symbol "STNE." Goldman Sachs, J.P. Morgan Securities LLC and Citigroup Global Markets are the global coordinators on the IPO. Stone's backers include Madrone Partners and Tiger Global.
Riley Exploration-Permian LLC has delayed its IPO due to "unfavorable equity market conditions." Based in Oklahoma City, Riley Permian is an oil and natural gas company. The company's backers include Yorktown Energy Partners.
Terrapure Environmental Ltd, a Toronto-based provider of industrial waste management, environmental and recycling services, is exploring an initial public offering in Canada, according to a report by Bloomberg. The company is working with banks on the potential IPO, which could raise about $300 million, the report said. Terrapure is backed by Canadian private equity firm Birch Hill Equity Partners. Birch Hill launched the company following the 2015 acquisition of Newalta Corp's industrial division for $300 million. In June, Terrapure acquired the Canadian industrial services and waste management operations of Envirosystems Inc, a portfolio company of TorQuest Partners.
Lithium producer Livent Corp (LTHM.N) fell 3.6 percent in its market debut on Thursday after being priced at the lower end of its expected range, as investors worried about the recent declines in prices of lithium in China, the world’s largest consumer of the ultralight metal.
Palo Alto, California-based Kodiak Sciences Inc, a biopharmaceutical company focused on treating chronic, high-prevalence retinal diseases, has debuted its IPO after pricing its 9 million shares at $10 per share. The stock began trading October 4, 2014 on the NASDAQ under the ticker symbol "KOD." Morgan Stanley and BofA Merrill Lynch are the lead underwriters. Kodiak's pre-IPO backers include ArrowMark Partners and Perceptive Advisors, according to Crunchbase.
Shares in luxury automaker Aston Martin (AML.L) fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over its ability to deliver an ambitious roll-out of new models, Reuters reported.
Dye & Durham Corp, a Toronto-based legal technology company, has filed a preliminary prospectus with Canadian securities regulators outside of Québec for an initial public offering (IPO) of its common shares. The IPO, which includes a secondary offering, has not yet been priced. One of the selling shareholders is Manulife Capital, the private equity arm of Canadian insurer Manulife. Manulife invested in the business earlier in 2018, according to the prospectus. Dye & Durham, which operates in Canada and the United Kingdom, provides cloud-based software and technology solutions for legal and business professionals. It is led by CEO Matthew Proud.
Cerritos, California-based Revolve, an online fashion retailer, has filed for an IPO. The number of shares that will be sold as well as its pricing terms have yet to be set. Revolve plans on listing the stock on the New York Stock Exchange under the ticker symbol "RVLV." Morgan Stanley, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch will serve as lead underwriters. Revolve is backed by TSG Consumer Partners.