IPOs

Evoke Pharma (NASDAQ: EVOK) filed a $24 million IPO on form S-1 with the SEC this afternoon. The company plans to list its shares on the NASDAQ under the trading symbol "EVOK."

Aegis Capital is the lone underwriter at this point.

Evoke Pharma is a specialty pharmaceutical company focused primarily on the development of drugs to treat gastrointestinal, or GI, disorders and diseases. The company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women with diabetes mellitus. Diabetic gastroparesis is a GI disorder afflicting millions of sufferers worldwide, in which the stomach takes too long to empty its contents resulting in serious digestive system symptoms. Metoclopramide is the only product currently approved in the United States to treat gastroparesis, and is currently available only in oral and intravenous forms. EVK-001 is a novel formulation of this drug, designed to provide systemic delivery of metoclopramide through intranasal administration.

After surging 32% on its IPO debut Thursday, shares of Channeladvisor (NYSE: ECOM) are taking a breather today. The stock is flat at $18.50 on light volume.

On Thursday, shares of the SaaS provider opened at $17.60 after pricing 5,750,000 shares at $14.00 and closed at $18.44.From 2010 to 2012, ChannelAdvisor's total revenue increased from $36.7 million to $53.6 million from 2010 to 2012, a compound annual growth rate of 20.9%.

Tremor Video, Inc. (NYSE: TRMR) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $86.25 million. The Company plans to list on the New York Stock Exchange under the ticker, "TRMR."

The offering is being made through Credit Suisse, Jefferies, Canaccord Genuity, and Oppenheimer & Co.

Financial summary from Tremor: From 2011 to 2012, our revenue increased from $90.3 million to $105.2 million. This included an increase in revenue derived from the delivery of in-stream video advertising from $75.5 million to $99.7 million, or 32.1%. Additionally, over this period, our gross margin improved from 35.2% to 41.7%, driven in part by the adoption of our performance-based pricing models, while our net loss has decreased from $21.0 million to $16.6 million. For the three months ended March 31, 2013 as compared to the same period of 2012, our revenue increased from $17.3 million to $24.8 million, or 43.4%, our gross margin improved from 31.9% to 44.1% and our net loss decreased from $9.1 million to $5.2 million. For the three months ended March 31, 2012 and 2013, our revenue from the delivery of in-stream video advertising increased from $15.7 million to $24.0 million, or 52.9%. As a percentage of total revenue, revenue attributable to performance-based pricing for 2011, 2012 and the three months ended March 31, 2013 was 7.9%, 22.7% and 36.1%, respectively.

Tremor Video is a leading provider of technology-driven video advertising solutions enabling brand advertisers to engage consumers across multiple internet-connected devices including computers, smartphones, tablets and connected TVs.

The IPO for ChannelAdvisor Corporation (NYSE: ECOM) opened for trading at $17.60 after pricing 5,750,000 shares at $14.00, above the expected $12-$14 range. Shares have since moved up to $18.65.

Goldman, Sachs & Co. is acting as the lead book-running manager for the IPO. Stifel is acting as a book-running manager. Pacific Crest Securities LLC, BMO Capital Markets Corp., Needham & Company, LLC, and Raymond James & Associates, Inc. are acting as co-managers.

ChannelAdvisor is a leading provider of software-as-a-service, or SaaS, solutions that enable retailer and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels.

From 2010 to 2012, ChannelAdvisor's total revenue increased from $36.7 million to $53.6 million, a compound annual growth rate of 20.9%. Core revenue increased from $32.7 million in 2010 to $51.2 million in 2012, a compound annual growth rate of 25.1%. For the three months ended March 31, 2013 as compared to the same period in 2012, ChannelAdvisor grew total revenue from $12.2 million to $14.9 million, an increase of 22.1%, and core revenue from $11.5 million to $14.4 million, an increase of 25.2%. Gross margin, based on total revenue, expanded from 66.8% in 2010 to 72.5% in 2012, and from 73.3% in the first quarter of 2012 to 73.5% in the first quarter of 2013.

The IPO for Global Brass and Copper (NYSE: BRSS) opened for trading at $11.75 after pricing 7,000,000 shares at $11 per share, the low end of the expected $11-$12 range.

Goldman, Sachs & Co., Morgan Stanley, William Blair and KeyBanc Capital Markets are underwriters for the offering, with Goldman, Sachs & Co. and Morgan Stanley acting as representatives for the underwriters.

The Company is a leading, value-added converter, fabricator, distributor and processor of specialized copper and brass products in North America. It engages in metal melting and casting, rolling, drawing, extruding and stamping to fabricate finished and semi-finished alloy products from processed scrap, copper cathode and other refined metals. The Company’s products include a wide range of sheet, strip, foil, rod, tube and fabricated metal component products that it sells under the Olin Brass, Chase Brass and A.J. Oster brand names. The Company’s products are used in a variety of applications across diversified end markets, including the building and housing, munitions, automotive, transportation, coinage, electronics/electrical components, industrial machinery and equipment and general consumer end markets. It accesses these end markets through direct mill sales, its captive distribution network and third-party distributors.

For the year ended December 31, 2012, the company shipped 503.2 million pounds of products, and we generated net sales of $1,650.5 million, adjusted sales of $524.9 million, net income attributable to Global Brass and Copper Holdings, Inc. of $12.5 million and Consolidated Adjusted EBITDA of $115.4 million. U.S. operations generated 94% of total net sales in the year ended December 31, 2012.