Over the last three years, we've seen an increasing number of tech IPOs - many from consumer-facing companies that we've long known were headed for an IPO. Zuora is the most likely product that is used by nearly all the companies in this article, meaning that it has been part of the success of an entire generation of SaaS companies.
Last week's IPOs were up an average of 32% while the S&P 500 gained only 1%. Technology and health care companies ( especially biotechs ) continue to be the most active sectors of the IPO market, and last week they represented 19 of the 23 to price, set terms or submit initial filings. A week of strong returns for tech and biotech companies.
The health care sector has seen more IPOs than any other industry over the last year. That was at the low end of MediWound's expectations, as it expected the offering to price at $14 to $16 per share. The stock is listed on the Nasdaq Global Market under the ticker symbol "MDWD."
Russia's MICEX index, already hurt by an economic downturn, has fallen 13 percent this year, while the rouble is down 11 percent against the dollar on concerns about the impact of deteriorating relations with the West. Olga Dergunova, head of the state property management agency, said on Tuesday that Russia's government could postpone major privatisation deals expected in the second quarter if the Ukrainian crisis took a heavy toll on the economy.
Agile Therapeutics, Aldeyra Therapeutics and GlobeImmune have all queued up for Wall Street debuts, hoping 2014's bull market lasts long enough to pull off offerings. The trio joins a bevy of biotechs looking to cash in on Wall Street at the tail end of the first quarter.
A10 Networks ( ATEN ), which provides software-based appliances that optimize data center performance, plans to raise $175 million by offering 12.5 million shares at a price range of $13.00 to $15.00. The Dublin, Ireland-based company plans to list on the NASDAQ under the symbol THNX.
That's good news for equity capital markets bankers at UBS, Morgan Stanley, First NZ Capital and Credit Suisse who have been warily watching the 32.17 point, 1.9 per cent, fall in the MSCI World Index from a 2014 high of 1,686.11 on March 6.
San Jose-based A10 Networks could make it three Bay Area $1 billion unicorns in three weeks if its IPO hits expectations, following blockbuster offerings from Coupons.com two weeks ago and Castlight Health on Friday. . The bulk of that came in an $80 million infusion by Summit Partners in October.
Lately pro investors have been keeping a close watch on the IPO market in an attempt to generate outsized gains. Although Cramer is concerned that the quantity of these hot IPOs feels a little frothy, he also said, "You don't have to like that fact in order to recognize the pattern and profit from it."