Pinnacle Renewable Holdings Inc, a Richmond, British Columbia-based industrial wood pellet maker and distributor, has filed a final prospectus with Canadian securities regulators for an initial public offering. The company is seeking to raise $150 million, or about $172 million if the greenshoe option is fully exercised. Pinnacle previously targeted as much as $200 million, including the greenshoe option. The prospectus in its final form no longer identifies ONCAP, the mid-market private equity arm of Onex Corp, among the IPO's selling shareholders, which are targeted to raise as much as $102 million. ONCAP bought a majority stake in Pinnacle in 2011.
Redwood City, California-based Armo BioSciences Inc, a late-stage immuno-oncology company has raised about $128 million for its IPO after pricing its over 7.5 million shares at $17 per share. The stock began trading January 26, 2018 on the NASDAQ under the ticker symbol "ARMO." Jefferies LLC, Leerink Partners LLC and BMO Capital Markets Corp are the lead underwriters. Armo’s pre-IPO backers were Qiming Venture Partners, Decheng Capital, Sequoia Capital, Quan Capital, RTW Investments, Kleiner Perkins Caufield and Byers, OrbiMed, DAG Ventures, NanoDimension, HBM Healthcare Investments and GV.
Cambridge, Massachusetts-based Solid Biosciences, which is focused on treating Duchenne muscular dystrophy, has raised $125 million after pricing its IPO of over 7.8 million at $16 per share. The stock began trading January 26, 2018 on the NASDAQ under the ticker symbol “SLDB.” J.P. Morgan, Goldman Sachs and Leerink Partners are the lead underwriters. Solid Biosciences' pre-IPO backers include RA Capital Management, Bain Capital Life Sciences, RTW Investments, Foresite Capital, Cormorant Asset Management LLC, Perceptive Advisors and Janus Capital Management.
Boston-based ResTORbio Inc, a clinical-stage biopharmaceutical company focused on treating aging-related diseases, has debuted its IPO after pricing its over 5.6 million shares at $15 per share. The stock began trading January 26, 2018 on the NASDAQ under the ticker symbol “TORC." BofA Merrill Lynch, Leerink Partners and Evercore ISI are the lead underwriters. ResTORbio's pre-IPO includes include OrbiMed, Fidelity Management & Research Company, Rock Springs Capital, Quan Capital and Nest Bio.
PlayAGS, a maker of electronic gaming machines and other products and services for the gaming industry, has raised $164 million after pricing its IPO of 10.25 million shares at $16 per share. The stock began trading January 26, 2018 on the New York Stock Exchange under the ticker symbol “AGS.” Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are the lead underwriters. PlayAGS is owned by Apollo Global Management.
Fort Worth, Texas-based FTS International, a provider of hydraulic fracturing services, has priced its over 15 million shares at between $15 and $18 per share. The stock will trade on the New York Stock Exchange under the ticker symbol "FTSI." Credit Suisse and Morgan Stanley are the lead underwriters. FTSI's backers include RRJ Capital and Temasek.
Brazilian toy retailer Ri Happy Brinquedos SA filed on Tuesday for an initial public offering on the Sao Paulo stock exchange, according to documents filed with Brazil’s securities regulator, Reuters reported.
Cerberus Capital Management LP is considering an IPO for Haya Real Estate, Bloomberg reported. Cerberus is looking to sell shares in Haya, a property management company based in Madrid, as early as this year, the story said.
GrafTech International Ltd, an Independence, Ohio-based producer of graphite material solutions, has registered with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The IPO, which has not yet been priced, will allow Brookfield Business Partners (BBP), GrafTech's sole shareholder, to sell shares. BBP is the listed affiliate of Toronto-based Brookfield Asset Management's private equity group, which acquired GrafTech for about US$840 million in 2015.
SurveyMonkey is preparing to go public later this year, recode is reporting. The polling company expects to choose bankers for the IPO in the next few months, the story said. SurveyMonkey is backed by Spectrum Equity and TPG Growth.