Four New IPOs for the Week of June 8th

Francis Gaskins |

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Four new IPOs for week of June 8 ranked by IPO size.

(1) Based in Hamilton HM 11, Bermuda, Axovant Sciences Ltd. (AXON) scheduled a $251 million IPO on NYSE with a market capitalization of $1.3 billion at a price range midpoint of $14 for Thursday, June 11, 2015.

AXON is a clinical-stage biopharmaceutical company focused on the acquisition, development and commercialization of novel therapeutics for the treatment of neurodegenerative disorders.

AXON’s goal is to be the leading biopharmaceutical company focused on the treatment of dementia, a condition characterized by a significant decline in mental capacity and impaired daily function.

AXON’s near-term focus is to develop its product candidate, which AXON refers to as RVT-101, for the treatment of Alzheimer's disease and other forms of dementia.

(2) Based in Dallas, TX, Wingstop (WING) scheduled a $75 million IPO on Nasdaq with a market capitalization of $372 million at a price range midpoint of $13 for Friday, June 12, 2015.

WING is the largest fast casual chicken wings-focused restaurant chain in the world, and has demonstrated strong, consistent growth on a national scale.   WING is a franchisor.

(3) Based in San Francisco, CA, Invuity (IVTY) scheduled a $60 million IPO on Nasdaq with a market capitalization of $189 million at a price range midpoint of $15 for Thursday, June 11, 2015.

IVTY is a commercial-stage medical technology company pioneering the use of advanced photonics to provide surgeons with improved direct visualization of surgical cavities during minimally invasive and minimal access surgical procedures.

(4) Based in America Fork, Utah, People's Utah Bancorp (PUB) scheduled a $35 million IPO on Nasdaq with a market capitalization of $239 million at a price range midpoint of $14 for $238mm for the week of June 8, 2015.

PUB is a bank holding company, formed in 1998 and headquartered in American Fork, Utah, which is located on the I-15 corridor between the cities of Salt Lake City and Provo.

PUB has 18 banking branches operated through its two wholly-owned banking subsidiaries, BAF and LSB, which began offering banking services in 1913 and 1905, respectively.

 

 

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Companies

Symbol Name Price Change % Volume
PUB People\'s Utah Bancorp 25.20 -1.00 -3.82 17,404
IVTY Invuity Inc. 6.55 0.30 4.80 170,540
WING Wingstop Inc. 32.82 -0.22 -0.67 46,287
AXON Axovant Sciences Ltd. 14.55 0.22 1.54 154,889

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