TriVascular Technologies (TRIV) IPO Opens Lower Apr 16, 2014 11:30AM

The IPO for TriVascular Technologies, Inc. (Nasdaq: TRIV) opened for trading at $11.35 after pricing 6,500,000 shares of its common stock at a public offering price of $12.00 per share, below the expected $12-$15 range. Shares have since recovered some of the losses; last trading at $11.80, down 1.7%.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering. Canaccord Genuity Inc. and Stifel, Nicolaus & Company, Incorporated are acting as co-managers. TriVascular has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock at the same price.

TriVascular is a medical device company developing and commercializing innovative technologies to significantly advance minimally invasive treatment of abdominal aortic aneurysms. The company manufactures the Ovation Prime Abdominal Stent Graft System, the lowest profile FDA-approved system, which utilizes a novel, polymer-based sealing mechanism. TriVascular is based in Santa Rosa, California.


Opus Bank (OPB) IPO Opens Flat Apr 16, 2014 10:33AM

The IPO for Opus Bank (Nasdaq: OPB) opened for trading at $30 after pricing 5,125,864 shares of common stock at a price to the public of $30.00 per share. Shares have since moved mildly higher to $30.15, up 0.5%.

J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Sandler O’Neill & Partners, L.P., and Keefe, Bruyette & Woods, Inc. A Stifel Company are acting as joint book-running managers for the offering. The underwriters have a 30-day option to purchase up to an additional 768,879 shares of common stock from Opus Bank and the selling shareholders at the initial public offering price less the underwriting discount.

Opus Bank is an FDIC insured California-chartered commercial bank with over $3.7 billion of total assets, $2.9 billion of total loans, and $2.7 billion in total deposits as of December 31, 2013. Opus Bank provides high-value, relationship-based banking products, services and solutions to its clients comprised of small and mid-sized commercial businesses, entrepreneurs, real estate investors, professionals, and consumers. Opus Bank offers a suite of treasury and cash management and depository solutions, and a wide range of loan products, including commercial and industrial, commercial real estate, multifamily residential, and is an SBA preferred lender. Opus Bank is an Equal Housing Lender. Opus Bank operates 60 banking offices, including two banking offices in the Phoenix metropolitan area of Arizona, 34 banking offices in California, and 24 banking offices in the Seattle/Puget Sound region of Washington.


Moelis & Company (MC) IPO Opens Solidly Higher Apr 16, 2014 09:51AM

The IPO for Moelis & Company (NYSE: MC) opened for trading at $27 after pricing 6,500,000 shares of its Class A common stock at a price to the public of $25.00 per share, below the expected $26-$29 range. The size of the offering was lowered from 7,300,000 shares.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint book-running managers for the offering. Moelis & Company LLC, J.P. Morgan Securities LLC and UBS Securities LLC are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, Inc., Sanford C. Bernstein & Co., LLC and JMP Securities LLC are acting as co-managers for the offering. The Company has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of Class A common stock from the Company at the initial public offering price, less underwriting discounts and commissions.

Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company’s experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. The firm serves it clients with nearly 500 employees based in 15 offices in North and South America, Europe, the Middle East, Asia and Australia.

The company has demonstrated strong financial performance, achieving revenues of $411 million and pre-tax income of $73 million in 2013, their sixth full year of operations.


Moelis & Company (MC) IPO Indicated to Open Higher Apr 16, 2014 09:40AM

The IPO for Moelis & Company (NYSE: MC) is indicated to open sharply higher after pricing at $25 per share, below the expected $26-$29 range. Shares should begin trading in a few minutes.


Moelis & Company (MC) Prices IPO at $25/Share Apr 16, 2014 06:32AM

Moelis & Company (NYSE: MC) announced the pricing of its initial public offering of 6,500,000 shares of its Class A common stock at a price to the public of $25.00 per share. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of Class A common stock from the Company at the initial public offering price, less underwriting discounts and commissions. The Company’s shares of Class A common stock are expected to begin trading on the New York Stock Exchange on April 16, 2014 under the ticker symbol “MC.” The offering is expected to close on or about April 22, 2014 subject to satisfaction of customary closing conditions.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint book-running managers for the offering. Moelis & Company LLC, J.P. Morgan Securities LLC and UBS Securities LLC are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, Inc., Sanford C. Bernstein & Co., LLC and JMP Securities LLC are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, email: Prospectus-ny@ny.email.gs.com, or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, telephone: 1-866-718-1649, email: prospectus@morganstanley.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on April 15, 2014. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


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