20180916 IN Pipeline with focus on Blank Check IPOs


Still a beta blog so we will still cover IPOs.   We have several Senior Executive Advisors that are CFOs of public companies as well as doing many IPOs in their past. #seaprogram

DISCLAIMER: Check with other sources as this is still beta blog for full details.

IPO 09-16-2018 IN PIPELINE

Longevity Acquisition Corporation (Black Check IPO NASDAQ)

Spartan Energy Acquisition Corp, (Black Check IPO NYSE)

Churchill Capital Corp (Blank Check IPO NASDAQ)

NIO Inc. ( NYSE: NIO )

Cushman & Wakefield PLC (NYSE: CWK )

  • New York, NY, Aug. 28, 2018 (GLOBE NEWSWIRE) — Longevity Acquisition Corporation (the “Company”) announced today that it priced its initial public offering of 4,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and are expected to begin trading tomorrow under the ticker symbol “LOACU”. Each unit consists of one of the Company’s ordinary shares, one warrant, each warrant enabling the holder thereof to purchase one-half of one ordinary share at a price of $11.50 per whole share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company’s initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on Nasdaq under the symbols “LOAC,” “LOACW” and “LOACR,” respectively.  The Company is a blank check company formed for the purpose of effecting a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on businesses that have their primary operations located in China.
  • New York, Aug. 23, 2018 (GLOBE NEWSWIRE) — Megalith Financial Acquisition Corp. (NYSE: MFAC.U, the “Company”) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. The units are expected to be listed on the New York Stock Exchange (“NYSE”) and trade under the ticker symbol “MFAC.U” beginning tomorrow, August 24, 2018. Each unit consists of one share of Class A common stock and one warrant to purchase one share of Class A common stock. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the NYSE under the symbols “MFAC,” and “MFAC.W,” respective
  • Spartan Energy Acquisition Corp, a blank check company focused on the energy industry in North America, has debuted its IPO after pricing its 48 million shares at $10 per share. The stock began trading August 10, 2018 on the New York Stock Exchange under the ticker symbol “SPAQ.U.” Citigroup Global Markets Inc and Credit Suisse Securities (USA) LLC are the lead underwriters. Spartan Energy Acquisition Corp is backed by Apollo Global Management LLC.
  • SHANGHAI, China, Sept. 12, 2018 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE:NIO), a pioneer in China’s premium electric vehicle market, today announced the pricing of its initial public offering of 160,000,000 American depositary shares (“ADSs”) at a price to the public of US$6.26 per ADS for a total offering size of approximately US$1.0 billion, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents one Class A ordinary share of the Company. The ADSs are expected to begin trading on the New York Stock Exchange on September 12, 2018 under the symbol “NIO.” The offering is expected to close on September 14, 2018, subject to customary closing conditions.  Read More:  https://www.nasdaq.com/press-release/nio-inc-announces-pricing-of-initial-public-offering-20180912-00133
  • NEW YORK, Sept. 6, 2018 /PRNewswire/ — Churchill Capital Corp (the “Company”) announced today the pricing of its initial public offering of 60,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “CCC.U”. Each unit consists of one share of the Company’s Class A common stock and one half of one warrant. Each whole warrant is exercisable to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the NYSE under the symbols “CCC” and “CCC WS,” respectively.  Churchill Capital Corp was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. READ MORE:  https://www.prnewswire.com/news-releases/churchill-capital-corp-completes-690-million-initial-public-offering-300710706.html
  • CHICAGO, IL, August 6, 2018 Cushman & Wakefield plc (“Cushman & Wakefield”) today announced the closing of its initial public offering of 45,000,000 of its ordinary shares, at a price to the public of $17.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 6,750,000 ordinary shares from Cushman & Wakefield. As a result, the total initial public offering size was 51,750,000 shares. The shares are listed on the New York Stock Exchange and trade under the symbol “CWK.”READ MORE: http://www.cushmanwakefield.com/en/news/2018/08/cw-announces-ipo-closing

blank check

20180904 IN Pipeline – IPO


Several of our Senior Executive Advisors have been CFOs of public companies.  Let us let you know all the pro and cons.  #ipo #privateequity #bonds #convertibledept

IPO Up and Down

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.ces. No financial terms were disclosed.

IN PIPELINE – IPO – 09-04-2018

• Meituan Dianping, a Beijing-based online-services firm, is set to launch an IPO this week that could value it at $55 billion. Tencent backs the firm. Read more.

• SIG Combibloc, a Swiss packaging firm, says it plans to raise $1.2 billion (1 billion euros) in an IPO on the Swiss Exchange. Read more.

• Churchill Capital, a New York-based blank check company focused on the predictive data analytics market, now says it plans to raise $450 million in an offering of 45 million units priced at $10 apiece. Previously it planned to offer 40 million units. Jerre Stead, former CEO of IHS, and Michael Klein, managing partner at M. Klein and Company, are cofounders. Citigroup is the underwriter. It plans to list on the NYSE. Read more.

• Funding Circle, the U.K.-based p2p lending platform for small businesses, says it may IPO in London for about $390 million (£300 million). Read more.

• LAIX, the Shanghai-based operator of AI-powered English language learning platform Liulishuo, filed for an $100 million IPO. The firm posted revenue of $25.5 million in 2017 and loss of $37.3 million. IDG Capital(13.4% pre-offering) and GGV (11.7%) back the firm. Morgan Stanley and Goldman Sachs are underwriters. It plans to list on the NYSE as “LAIX.” Read more.

• Principia Biopharma, a San Francisco-based maker of small molecule therapies in the area of oncology, says it plans to raise $75 million in an IPO of 4.7 million shares priced between $15 to $17 apiece. It posted revenue of $5.3 million in 2017 and loss of $28.7 million. Baker Bros (12.3% pre-offering), Morgenthaler Ventures (16.8%), and New Leaf Ventures (16.8%) back the firm.  BofA Merrill Lynch, Leerink Partners, and Wells Fargo Securities are underwriters. It plans to list on the Nasdaq as “PRNB.” Read more.

 

 

20180820 IN Pipeline – IPO


Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris

“I have made and lost a lot of money with IPOs as what goes up does go down” – JD Morris

My personal view is if you invest in a private company get some of your return from money raised from IPO (or sell some of your stock pre-IPO).

IN PIPELINE – IPO – 08-20-2018

SAFE-T GROUP LTD. (SFET)

TKK SYMPHONY ACQUISITION CORP (TKKSU)

PERTH MINT PHYSICAL GOLD ETF (AAAU)

ARIDIS PHARMACEUTICALS, INC. (ARDS)

MESA AIR GROUP INC (MESA)

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.

IPO Up and Down

Beyond Listening & Pipeline 2017-11-13


BEYOND LISTENING: “The most important thing in pitches is hearing what is not said.” – JD Morris

ACTION TO RESULTS:  What are you hiding from yourself or your partners in your business plan or pitch.  Address this issue in a backup slide or take you partners out to lunch to have a long talk about can this issue be addressed! – riseSEA Analysis Program

BusinessAnalysis

PIPELINE (IPO Focus)

• Apellis Pharmaceuticals, a Crestwood, Kentucky-based company raised $150 million in an offering of 10.7 million shares at $14 a piece. In 2016, the company posted loss of $27.1 million. Morningside Venture Investments(28% pre-IPO), Potentia Holdings(9.9%), and venBio Funds(9.4%) back the company. Citigroup and J.P. Morgan are underwriters in the deal. The company plans to list on the Nasdaq as “APLS.”

• Luther Burbank, a Santa Rosa, Calif.-based residential loan-focused bank, filed for an $150 million IPO. In 2016, the company posted income of $52.1 million and assets of $5.1 billion. Keefe, Bruyette & Woods and Sandler O’Neill + Partners are joint bookrunners in the deal. The company plans to list on the Nasdaq as “LBC.”

• Erytech Pharma, a Lyon, France biotech developing cancer treatments, raised $109 million in an offering of 4.7 million ADSs at $23.36 a piece. In 2016, the company, posted revenue of $4.9 million and loss of $25.7 million. Baker Bros Advisors(15.4% pre-offering) and Auriga Partners (9.8%) back the company. Jefferies, Cowen & Company, and Oddo BHF are joint bookrunners in the deal. The firm plans to list on the Nasdaq as “ERYP.”

• Bandwidth, a Raleigh, N.C.-based API software company, raised $80 million in an offering of 4 million shares at $20  a piece, the low end of its range. In 2016, the company posted revenue of $152 million and income of $22.4 million. The company is backed by Carmichael Investment. Morgan Stanley, KeyBanc Capital Markets, Baird, Canaccord Genuity, and JMP Securities are underwriters in the deal. The company plans to list on the Nasdaq as “BAND.”

 Quanterix, a Lexington, Mass.-based protein detection test maker, filed for a $57.5 million IPO. In 2016, the company posted revenue of $17.6 million and loss of $23.2 million. ARCH Venture Partners(21.8% pre-offering) and Bain Capital(12.7%) back the company. J.P. Morgan and Leerink Partners are joint bookrunners in the deal. The company plans to list on the Nasdaq as “QTRX.”

• PPDAI Group, a Shanghai, China-based peer-to-peer lending platform, raised $221 million in an offering of 17 million shares at $17, within its range. The company posted revenue of $175.1 million and loss of $8.7 million in 2016. Backers include Sequoia Capital China(25.5% pre-IPO) and Lightspeed China Partner(10.4%). Credit Suisse and Citi are underwriters in the deal. The company plans to list on the NYSE as “PPDF.”

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.

Happy Networking & Investing,

Investor Network by JD

Let us talk exit strategies and the answer for most is clear


If you want a strong exit, M&A seems to be the best exit.  We can let you know about Management Buy Out ( MBO ) and initial public offering ( IPO ) options.  However, you need to look at what needs to happen six to nine months before you sell your company (Acquisition or MBO or IPO).

Did you want us to drill down on an exit strategy for your private company?  Let us show you what happen 2017q3 and our views for the next 12 months.  Contact INFO@RedHookCapital.co anytime.

Here is data from earlier in the year for venture-backed companies.

vcbacked-exits-Q1-17 Infographic

Exits-Q1-17 Infographic

Happy Networking and Investing,

JD Morris

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IN on DECK – IPO Filings = possible exit for some and start for others


“The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher

Well that is why our team of investors has been helping each other invest in deals for last 35+ years!  Hedge Funds, Private Equity Funds, Real Estate, Real Estate Funds, Venture Capital Funds, and Private Companies.  I am bigger fan about being acquired vs. IPO, but here are some people finding an exit and others a start in company.

20161211-ipo

Happy Networking and Investing (not public for me),

JD Morris

JD Morris

https://www.linkedin.com/in/jdmorris

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