Candygram

The IPO calendar sure filled up in a hurry. But this is what we described when we published the last Candygram at the end of August – Deals Crowd September Starting Gate. In order to get some coverage out on these names prior to pricing I am going to share my raw roadshow notes as…

The summer IPO hiatus will be brief this year and it’s clear from new filings that a heap of deals, especially in technology, are gearing up for September. There are no deals on the schedule this week as we head into Labor Day. Last week we covered the Palantir filing which is to be a…

A couple of weeks ago we had the “Zillow of China” go public in the shape of KE Holdings (BEKE). This week we have an Chinese EV (electric vehicle) company on the schedule for this Wednesday night. Xpeng (XPEV) is planning a $1B IPO although insiders have “indicated an interest in purchasing” up to $500M of…

In terms of IPO aftermarket performance the market continues to love technology and healthcare. Last week we saw Duck Creek Technology (DCT) in InsurTech price way above the range at $27 and trade up to $40, KE Holdings (BEKE) which is a RealEstateTech company price above the range at $20 and close the week at…

Last Week Last week was filled with more out-sized IPO gains from BigCommerce (BIGC), Oak Street Health (OSH), Acutus Medical (AFIB) and to a lesser extent Rocket Companies (RKT). For us Rocket was the real winner in our portfolio since it was priced low and opened quietly. It’s a rare chance to buy a substantial…

Last week our focus deal, Vital Farms (VITL) priced way above the range at $22 and settled in around $35 on Friday. It surged another few points yesterday to $42. We sold half above $40 and hold the balance. No matter what happens in November we’ll want eggs and butter. This week starts off with…

The IPO market continues the strong summer momentum this week with deals including Vertex (VERX) and Vital Farms (VITL). There are a total of nine deals on the calendar this week (two have not set a date for pricing yet but intend to try for this week.) In addition firms are setting terms and going…

Despite a slow/no-go IPO market we’ve had some companies brave the markets and price very successful deals. Here are some highlights from our weekly IPO Candygram. We also started compiling some things we find helpful like our IPO Candy 2019 yearbook which we will be doing again this year but releasing quarterly so it’s more…