One high-profile deal got delayed, but plenty of companies still plan to raise capital in initial public offerings.
Hollywood talent agency Endeavor (EDR) and exercise company Peloton (PTON) are two of the larger transactions currently listed on ClickIPO’s mobile app. Others include the technology firms Datadog (DDOG) and Ping Identity (PING).
WeWork (WE), on the other hand, withdrew its offering on Monday because of weak demand. The shared-office company struggled to show it would ever turn a profit. Investors were also worried about risk from its long-term lease obligations.
But two stocks rallied after successfully placing their deals yesterday. Envista (NVST), a dental supplier being spun off from Danaher (DHR), priced its shares at $22. It opened up at $25.65 and ended the session at $27.95.
IGM Biosciences (IGMS), a smaller biotech, priced for $16. It opened over $18 and closed up more than 50 percent at $24.30.
Did you know TradeStation clients can access companies before they go public with ClickIPO? Here some pending deals currently listed on its mobile app:
- Datadog (DDOG) owns a data-monitoring platform for cloud-computing systems. It’s raising $600 million today, upsized from less than $500 million last week.
- Ping Identity (PING): The provider of identity-management plans to issue about $188 million today.
- Peloton (PTON): The digitally connected exercise-bike company is expected to sell about $1.1 billion of stock next Thursday, September 26.
- Endeavor (EDR): The 121-year talent agency is indicated to raise about $600 million next Friday, September 27.