The IPO Journal

Trends & Statistics

2017 IPO Study: Executive Summary

Welcome to this fourth edition of Proskauer’s IPO Study. In it you will find our analysis of market practices and trends for U.S.-listed initial public offerings (IPOs). Our proprietary database and analyses now cover 376 IPOs that priced between 2013 and 2016. The 2016 IPO Market* The U.S. IPO market got off to a very … Continue Reading

2017 Overview: Methodology

Population Our proprietary database now includes 376 IPOs that priced from 2013 to 2016. The criteria for our study include: Listing on a U.S. exchange and Minimum initial base deal of $50 million in first public filing. The total population that met our criteria in 2016 was 79 IPOs. This study covers 67 IPOs (85% … Continue Reading

2017 Overview: Sector & Geographic Analysis

Sectors Represented The number of IPOs per sector is proportional to the industry composition for all IPOs in 2016 that met our criteria. Geographic Distribution We analyzed the geographic distribution of IPOs by surveying the location of issuers’ headquarters. Our study included issuers with headquarters in 21 states and nine foreign countries. IPO issuers were … Continue Reading

2017 Overview: Market Analysis

Deal Execution, Over-Allotment Option and Exchange Listing Out of 67 IPOs in our study, six (9%) priced in Q1, 24 (36%) priced in Q2, 20 (30%) priced in Q3 and 17 (25%) priced in Q4.   The over-allotment option was partially or fully exercised in 56 of 67 (84%) of IPOs in our study. More … Continue Reading

2017 Overview: JOBS and FAST Acts: Overview

Emerging Growth Companies (EGCs) The Jumpstart Our Business Startups (JOBS) Act became effective April 5, 2012. The law created a new class of issuers called Emerging Growth Companies (EGCs), and provides flexibility for EGCs pursuing IPOs. EGCs are issuers with less than $1 billion of annual gross revenue during their most recent completed fiscal year.* … Continue Reading

2017 Overview: Financial Statements & Confidential Submission

Years of Financial Statements* 36 of 49 (73%) EGCs included two years of audited financial statements. 29 of 49 (59%) EGCs included two years of selected financial statements. 42 of 49 (86%) EGCs included two years of audited financial statements in the initial DRS.   Confidential Submission*** All 52 EGCs elected to submit confidentially under … Continue Reading

In The News

PE-Backed Retailer, UK Biotech Price IPOs Totaling $263 Million

The Firm is noted for representing Floor & Decor in its $185 million IPO.… Continue Reading

Five Companies Launch IPOs Surpassing $1.8 Billion as Deals Accelerate

The Firm is noted for representing the underwriters in Five Point Holdings Inc.’s $399 million IPO.… Continue Reading

Nine Firms Ready to Steer IPOs Topping $1.2 Billion as Deals

The Firm is noted for representing Floor and Décor in its $150 million IPO.… Continue Reading

SEC Issues Fewer IPO Comments As Process Streamlines

Law360 features the Firm’s 2017 IPO Study. Frank Lopez and Pippa Bond are quoted on the findings.… Continue Reading

Could IPOs Bounce Back in 2017?

Opalesque features the Firm’s 2017 IPO Study. Frank Lopez and Pippa Bond are quoted on the findings.… Continue Reading

Seven Companies Launch IPOs Totaling $967 Million as Momentum Builds

Proskauer is noted for advising Floor and Décor in its $150 million IPO.… Continue Reading
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