Market Overview

IPO Market On Fire: NYSE Welcomes 4, While NASDAQ Introduces 2


Thursday’s session continues with a hot IPO market; The New York Stock Exchange introduces four new stocks, NASDAQ introduces two.

NYSE Welcomes:

Glaukos Corp (NYSE: GKOS) - offered 6 million shares of common stock at the price of $18 per share, up from expected $16-$17 per share. Glaukos has raised $108 million.

Shares spiked 62.56 percent to $29.22 per share.

TransUnion (NYSE: TRU) - 9.5 million shares. According to the New York Times, it could sell an additional 4.4 million “if an over allotment is fully exercised.” Shares will be priced at $22.50 per share, the upper end of the expected $21-$23 per share. The company was valued at ~$4 billion.

Shares spiked 9.16 percent to $24.56.

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Milacron Holdings Corporation (NYSE: MCRN) - ~14.285 million shares at $20 per share, in range with expected price targets of $20-$22 per share; will raise a total of approximately $286 million.

Shares have declined slightly to $19.91.

Gener8 Maritime Inc (NYSE: GNRT) - 15 million common shares at $14 per share, down from expected $17-$19 per share. The offering will raise a total of $210 million.

Shares declined 7.36 percent to $12.97.

NASDAQ Introduces:

Catabasis Pharmaceuticals Inc (NASDAQ: CATB) - Catabasis offered 5 million shares at the price of $12 per share, below the expected price range of $13-$15 per share.

Shares spiked 7.17 percent to $12.86.

Lantheus Holdings (NASDAQ: LNTH) - ~10.83 million shares at the price of $6 per share, below expected range of $8.50-$10.50 per share. The deal size was reduced about 13 percent.

Shares spiked 5 percent to $6.30.

Posted-In: News IPOs Intraday Update


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