Investing
At Least Four IPOs on Deck Thursday (LOCK, ICPT, KYTH, RLGY, SSTK, ANFI)
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Thursday is going to feel a bit odd in the world of initial public offerings. We have four confirmed IPOs hitting the market and there may be another one as well. Now that LifeLock Inc. (NYSE: LOCK) has shown some signs of bottoming out, there may be some interest again.
Intercept Pharmaceuticals is a clinical-stage biopharma player focused on novel therapeutics to treat chronic liver diseases. It sold 5 million shares at $15 per share, which was at the top of the $13 to $15 range. This one will trade under the ticker ICPT on Nasdaq.
KYTHERA Biopharmaceuticals priced a 4.4 million share IPO at $16 per share and will trade under the ticker KYTH on Nasdaq. This company seeks development and commercialization of novel prescription products for the aesthetic medicine market and its lead candidate is ATX-101 as an injectable drug in Phase III trial to reduce submental fat (the double chin). This was at the high-end of the $14 to $16 range.
Realogy Holdings Corp. is a real estate brokerage company (Coldwell Banker and Century 21) that is an Apollo Global Management LLC (NYSE: APO) private equity owned entity. This one raised almost $1.1 billion and will be selling 40 million shares at $27 per share, which was at the top of the $23 to $27 range. This is said to be a 31% stake and Realogy will list as RLGY on the NYSE.
Shutterstock, an online image and video house that competes with the likes of Getty Images, sold 4.5 million shares at $17 per share, above the $13 to $15 price range. The company will trade under the ticker SSTK on the NYSE.
Garrison Capital was said to be trading today but details were not seen this morning at publish time. We were expecting 5 million shares in a $15 to $17 range.
And get ready for the Workday IPO on Friday.
Amira Nature Foods Ltd. (NYSE: ANFI) came public yesterday by selling 9 million shares at $10.00 per share, and the stock closed at $9.58.
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