Proactive Investors - Run By Investors For Investors

IPO Roundup: Dell subsidiary one of eight companies pricing shares this week

Pivotal Software, a cloud software company, prices its IPO Thursday
Wall St street sign
Vrio Corp is looking to raise the most in its IPO, aiming for $US653mln

Several initial public offerings are lined up for pricing this week, ranging from biopharmaceutical companies to banks.

Wednesday

GrafTech International Ltd., a New Jersey-based graphite company, will begin its IPO. Founded in 1886, the company supplies graphite electrode products to steelmakers. A total of 37.7 million shares will be made available for between US$21 and $24 per share. The company will list to the New York Stock Exchange under the ticker symbol “EAF.”

MorphoSys AG, a German biopharmaceutical company, will issue 8.3 million shares. The biotech company is looking to raise US$230mln and intends to price shares at US$24.12. It will be listed on the Nasdaq under the ticker symbol “MOR.”

Mereo BioPharma Group, a London-based biopharmaceutical company specializing in rare diseases, will issue 2.8 million shares priced at US$17.62. The company plans to list on the Nasdaq under the ticker symbol “MREO.”

Surface Oncology is looking to raise US$84mln on its IPO. The Massachusetts-based immunotherapy developer will price 6 million shares between US$14 and $16, listing on the Nasdaq under the ticker symbol “SURF.”

Vrio Corp., the holding company for AT&T’s DirecTV Latin America business, will list 29.6 million shares between US$19 and $22 on the NYSE under the ticker symbol “VRIO.” The Dallas-based company hopes to raise US$653mln.

Thursday

FirstCaribbean International Bank Ltd, a major bank in Barbados, the Bahamas, and Cayman Islands, is looking to raise up to US$226mln in its IPO. The bank will list 9.6 million shares priced between US$22 and $25 on the NYSE under the ticker symbol “FCI.”

Level One Bancorp, a commercial bank serving Southeastern Michigan, will issue one million shares priced between US$27 and $29. The firm will list on the Nasdaq under the ticker symbol “LEVL” and is looking to raise US$28mln.

Pivotal Software, a cloud software company and a subsidiary of Dell Technologies Inc, is offering 33.1 million shares priced at US$14 to $16. The San Francisco-based company, listing on the NYSE under the ticker symbol “PVTL”, would raise as much as US$497 million if the shares were priced in the middle at US$15.

View full PROAC profile View Profile

Proactiveinvestors Timeline

Related Articles

Students in a class
August 27 2018
The company is gaining traction in Asia where people are looking to take language courses to work or study internationally
Marketing and public relations
April 04 2018
"Our Beyond, MBooth and Publitek agencies have been stand-out performers, whilst we have achieved solid performances pretty much across the portfolio"
Email
August 15 2018
Milan Patel, dotdigital’s chief executive officer said: "This year reflects substantial progress against the company's strategic aims in accelerating our platform capabilities into the omnichannel space, continuing to innovate our product, growing geographically and deepening our relationships with our strategic partners”

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use