VTTI Energy Partners (VTTI) Commences 17.5M Common Stock IPO Jul 22, 2014 10:36AM

VTTI Energy Partners LP (NYSE: VTTI) announced the launch of its initial public offering of 17,500,000 common units representing limited partner interests in VTTI pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (the "SEC"). VTTI will also grant the underwriters an option to purchase up to an additional 2,625,000 common units at the initial public offering price. VTTI will list its common units on the New York Stock Exchange under the ticker symbol "VTTI."

Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities are acting as joint book-running managers for the offering, and Rabobank, MUFG, BNP Paribas, HSBC, Societe Generale, SMBC Nikko, Credit Agricole CIB, and ING are acting as co-managers for the offering.


Transocean Partners (RIGP) Commences 17.5M Common IPO (RIG) Jul 22, 2014 07:21AM

Transocean Partners LLC (NYSE: RIGP), a Marshall Islands limited liability company formed by Transocean Ltd. (NYSE: RIG), announced that it has commenced an initial public offering of 17,500,000 common units representing limited liability company interests pursuant to a Registration Statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission ("SEC"). All of the common units are being offered by Transocean Partners Holdings Limited, a wholly owned subsidiary of Transocean Ltd. The underwriters of the offering are expected to be granted a 30-day option to purchase up to an additional 2,625,000 common units from Transocean Partners Holdings Limited. The common units are expected to trade on the New York Stock Exchange under the ticker symbol "RIGP."

The company sees an IPO price of $19 to $21 per share.

The common units being offered represent a 25.4 percent limited liability company interest in Transocean Partners LLC, or a 29.2 percent limited liability company interest if the underwriters exercise in full their option to purchase additional common units. Transocean Ltd., through Transocean Partners Holdings Limited, will own the remaining limited liability company interests in Transocean Partners.

Morgan Stanley, Barclays, Citigroup, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering. Credit Suisse, Goldman, Sachs & Co., BofA Merrill Lynch, DNB Markets, MUFG, Credit Agricole CIB and Standard Chartered are acting as co-managers.


Triton Research Launches Coverage on Upcoming IPO Yodle (YO) Jul 18, 2014 01:48PM

Triton Research initiated coverage on the upcoming IPO for Yodle, Inc. (NYSE: YO) (NASDAQ: YO) with a 6.78 rating, which is slightly above the firm's average IPO rating of 6.54.

Yodle sells online marketing software to small, local businesses that helps them with search engine optimization, search engine marketing, and retention marketing.

"Yodle is a better-than-average software company operating in a difficult space," Triton stated. They added, "Management has been volatile and made some questionable decisions, but Yodle's financials are impressive given its SasS model – the Company has had positive free cash flow since 2011. Additionally, Yodle's client base is comprised of small businesses, which is an attractive client category with low penetration. "

It's best public comp is Marketo (NASDAQ: MKTO), which has traded well since its IPO.

Lead underwriters for Yodle include Credit Suisse and Deutsche Bank. Investors include Bessemer Venture Partners, Draper Fisher Jurvetson, and JAFCO Technology Partners. The roadshow is expected to start on July 30, 2014 and the IPO is expected to price on August 11, 2014, although this is subject to change.

Triton Research has a 52-page write-up on Yodle available to clients.


Solars Ramp on Strong TerraForm (TERP) IPO (CSIQ) (SUNE) (SPWR) Jul 18, 2014 11:11AM

Solar stocks are on the rise Friday following the strong IPO for TerraForm Power (NYSE: TERP), a spin-off of SunEdison (NYSE: SUNE).

TerraForm priced its 20.065 million common stock IPO at $25 apiece and opened for trading at $33.26. Shares are slightly higher than that level in late-morning trading.

Up on the news today include Canadian Solar (Nasdaq: CSIQ), SunPower (Nasdaq: SPWR), Trina Solar (NYSE: TSL), Hanwha Solarone (Nasdaq: HSOL), JA Solar (Nasdaq: JASO), and First Solar (Nasdaq: FSLR), among others.


SAGE Therapeutics (SAGE) IPO Surges 50% Higher Jul 18, 2014 11:07AM

The IPO for SAGE Therapeutics (NASDAQ: SAGE) opened for trading at $27 after pricing its initial public offering of 5,000,000 shares of common stock at a public offering price of $18.00 per share, the high end of the expected $17-$18 range. The stock has continued higher to $28.84, or up 60%.

J.P. Morgan Securities LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Leerink Partners LLC is acting as lead manager and Canaccord Genuity Inc. is acting as co-manager.

SAGE Therapeutics is a biopharmaceutical company committed to developing and commercializing novel medicines to treat life-threatening, rare CNS disorders. SAGE’s lead program, SAGE-547, is in clinical development for SRSE and is the first of several compounds the company is developing in its portfolio of potential seizure medicines. SAGE’s proprietary chemistry platform has generated multiple new compounds that target GABAA and NMDA receptors, which are broadly accepted as impacting many psychiatric and neurological disorders. SAGE Therapeutics is a private company launched in 2010 by an experienced team of R&D leaders, CNS experts and investors.


More IPOs

View Older Stories

Jul 18, 2014 10:39AM TerraForm Power (TERP) IPO Surges Higher
Jul 18, 2014 10:26AM TubeMogul (TUBE) IPO Opens Higher after Weak Pricing
Jul 18, 2014 10:01AM Synchrony (SYF) to Offer 125M Shares in IPO; Sees Price of $23 - $26/Share (GE)
Jul 18, 2014 10:01AM Synchrony (SYF) to Offer 125M Shares in IPO; Sees Price of $23 - $26/Share (GE)
Jul 18, 2014 09:46AM UPDATE: Globant SA (GLOB) IPO Opens Higher after Weak Pricing
Jul 18, 2014 09:46AM UPDATE: Globant SA (GLOB) IPO Opens Higher after Weak Pricing
Jul 18, 2014 09:41AM Trupanion (TRUP) IPO Opens Higher
Jul 18, 2014 09:30AM TerraForm Power (TERP) IPO Prices at Top End Recently Raised Range
Jul 18, 2014 09:26AM TubeMogul (TUBE) IPO Prices at $7, Low End of Range
Jul 18, 2014 08:05AM Globant SA (GLOB) Prices 5.85M Common IPO at $10/Share
Jul 17, 2014 03:11PM Line Corp. said to file confidentially for U.S. IPO - Bloomberg
Jul 17, 2014 11:06AM Alibaba (BABA) May Wait Until September to Launch IPO - Bloomberg
Jul 17, 2014 10:29AM Roka Bioscience (ROKA) IPO Opens Flat
Jul 17, 2014 09:50AM TubeMogul (TUBE) Slashes Expected IPO Price Ahead of Debut - Triton Research
Jul 17, 2014 08:31AM Roka Bioscience (ROKA) Prices 5M Common Stock IPO at $12/Share
Jul 16, 2014 10:56AM EP Energy (EPE) on Watch Amid Lockup Expiration
Jul 16, 2014 06:51AM Kingsway Financial Services (KFS) Prices 1347 Capital IPO at $10/Unit
Jul 15, 2014 04:15PM Yahoo! (YHOO) to Sell Fewer Shares in Alibaba (BABA) IPO
Jul 14, 2014 09:32AM Spark Energy (SPKE) Sees IPO Price of $19 to $21/Share
Jul 11, 2014 10:47AM ReWalk Robotics (RWLK) Files $57.5M IPO
Jul 10, 2014 05:13PM Alibaba (BABA) may start IPO process by the end of the month - WSJ
Jul 10, 2014 12:46PM Quiet Periods Set to End on Three Stocks (VNOM) (FELP) (MRKT)
Jul 7, 2014 09:48AM Vantage Energy (VEI) Files $400M IPO
Jul 3, 2014 11:18AM Höegh LNG Partners LP (HMLP) Files $150M IPO
Jul 2, 2014 05:29PM KineMed (KNMD) Set to Cancel IPO
Jul 2, 2014 05:03PM Zayo Group Holdings Files $100M IPO
Jul 2, 2014 04:54PM Zhaopin (ZPIN) IPO Underwriters Exercised Full Option
Jul 2, 2014 01:22PM GlobeImmune (GBIM) IPO Trades Higher
Jul 2, 2014 10:15AM T2 Biosystems (TTOO) Files $69M IPO
Jul 2, 2014 07:27AM International Paper (IP) Completes Veritiv (VRTV) Spin-Off; Starts Trading Today on NYSE
Jul 1, 2014 04:33PM GoPro (GPRO) Underwriters Exercise Full Option to Purchase Additional Shares
Jul 1, 2014 04:25PM Winklevoss Bitcoin Trust Plans to List on Nasdaq Under 'COIN'
Jul 1, 2014 12:33PM Investar Holding (ISTR) IPO Opens Flat
Jul 1, 2014 11:25AM Minerva Neurosciences (NERV) IPO Opens Flat, Trends Higher
Jul 1, 2014 08:42AM GoPro (GPRO) Sees Continued Momentum; Options to Start Trading July 7
Jun 30, 2014 03:38PM Yodlee (YDLE) Files $75M IPO
Jun 30, 2014 06:30AM GoPro (GPRO) Shares Positive in Early Trading
Jun 27, 2014 11:14AM MOKO Social Media (MOKO) IPO Opens Higher, Drifts Lower
Jun 27, 2014 10:27AM The Michaels Companies (MIK) IPO Opens Flat
Jun 27, 2014 09:52AM NextEra Energy Partners, LP (NEP) IPO Surges Higher
Jun 27, 2014 08:21AM NextEra Energy Partners, LP (NEP) IPO Prices at $25, Top End of Range (NEE)
Jun 27, 2014 06:02AM The Michaels Companies (MIK) Prices 27.8M Common IPO at $17/Share
Jun 26, 2014 12:56PM Alibaba (BABA) Affirms Plans to List on NYSE; Will Trade Under 'BABA'
Jun 26, 2014 12:32PM Alibaba Said to Pick NYSE for IPO (ICE) (NDAQ)
Jun 26, 2014 11:35AM Quiet Periods Expire Next Week on JD.com (JD) and Arista Networks (ANET)
Jun 26, 2014 10:51AM GoPro (GPRO) IPO Opens Up 19%
Jun 26, 2014 09:57AM TCP PipeLines LP (TCPI) IPO Opens Flat
Jun 26, 2014 06:10AM GoPro (GPRO) Prices 17.8M Common IPO at $24/Share
Jun 25, 2014 04:42PM Woodside Homes (WDS) Files $200M IPO
Jun 25, 2014 11:49AM Adeptus Health (ADPT) IPO Opens, Trades Higher
View Older Stories