initial public offerings (IPOs) trading on American exchanges

Monday, April 15, 2019

IPOs this week : April 15 - 19, 19

Expected IPO pricings: 
  • A big week is on tap for IPO pricings, led by Pinterest (PINS) which has set a pricing target of $15 to $17 to bring in around $1.2B and value the company at around $9B. Pinterest saw revenue jump 60% last year to $756M and is projected to see 45% growth this year to about $1.1B. 
  • Other pricing during the week include Palomar (PLMR) and Brainsway (BWAY) on April 16 
  • as well as Zoom Video Communications (ZM), Brigham Minerals (MNRL), Turning Point Therapeutics (TPTX) and Hookipa Pharmaceuticals (HOOK) on April 17.

IPO lockup expirations: 
  • SI-Bone (NASDAQ:SIBN) on April 15; 
  • Osmotica Pharmaceuticals (NASDAQ:OSMT), Studio City (NYSE:MSC) and PhaseBio Pharmaceuticals (NASDAQ:PHAS) on April 16; 
  • LogicBio Therapeutics (NASDAQ:LOGC), Niu Technologies (NASDAQ:NIU) and SolarWinds (NYSE:SWI) on April 17.

IPO quiet period expirations: 
Analysts will start buzzing about Levi Strauss (NYSE:LEVI) on April 15. Levi's priced its IPO at $17, above the target range of $14 to $16. Shares closed at $22.22 on Friday. It doesn't appear that Levi's management is getting ahead itself after the company posted a solid Q4 and seeing the share price bounce. "We're still facing some headwinds, including anticipated door closures at traditional wholesale customers, unrest in Europe, as well as Brexit, continued uncertainty around China tariffs, and declines in U.S. retail traffic," stated CEO Chip Bergh on the earnings call.

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