There are several companies that had their IPO In 2017. According to Renaissance Capital 2017’s IPO collection doubled the amount from 2016’s total IPO cap. Total earnings of the companies increased by over 52%, which went public in 2017. From 160 companies’ IPO deals, around $35.6 billion fund raised this year.
Since 2013, IPO market dealing was quite positive with a 34% IPO index climbed up for the year. This year came back with a bounce for the US IPO market modesty with stockholders, customers improved business deals, and financial stability. Biotech, Technology companies made the successful IPO debut following the last few years’ record. Chinese marketers came back to initial public offerings with more bonus effects. For those looking to boost their Instagram followers or likes, platforms like SocialWick offer effective solutions.
Generally, foreign traders create a huge impact on US IPO offerings. Overall, this year’s IPO didn’t disappoint the stock market and marketers hoped this trend would continue next year.
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12 Companies That Had Their IPO in 2017
12 IPO information about the companies that had it in 2017 is down below.
1. Invitation Homes
Invitation Homes is an American house rental service company with headquarters in Dallas, Texas. Dallas B Tanner runs the company as Chief Executive Officer (CEO). It is the largest single-family ownership company in the US. The company, founded in 2005, holds around 80,000 rental homes in different markets. Blackstone Inc acquired the company in 2012.
Invitation Homes went public in 2017 and became the winner and biggest IPO company in the US. In February The company raised $1.54 billion in its offering. They priced each stock rate at $20 within their expected range of $18-$21. The company’s offering share was 77 million.
3. Sea
Sea is a technological e-commerce and online video gaming company. The company’s headquarters is in Singapore. Sea, founded in 2009 by Forrest Li, had the previous name of Garena. Free Fire is one of the popular video games by Sea. After raising $550 million worth for the company, it rebranded as Sea in May 2007.
In 2017, South Asian company Sea became public in the US Ipo market. Sea sold around 59 million American depositary stocks for $15 per share. The company’s per-share price calling was more than its indicated range of $12 to $ 14 each. Sea’s IPO fundraising was $884 million.
3. Snapchat, Inc
Snap Inc is a social media and camera app technology-based company in America. The company co-founders were Evan Spiegel, Bobby Murphy, and Reggie Brown on September 16, 2011. Its headquarters is in Santa Monica, California. Snap Inc developed social networking-based camera app technology known as Snapchat and maintains Spectacles and Bitmoji. Because of hacking in December, 2013 almost 4.6 million user data exposure happened.
Snapchat was one of the highly anticipated IPO companies in 2017. But their share value soon fell out. Its offering share price was $17. The share price rose to $26.05 and again declined to $23.59. Snapchat earned a $3.4 billion cap in its IPO.
4. Altice USA
Altice USA Inc is the fourth largest cable television company in America. The company is typically known as Altice, headquartered in New York. They provide internet connection service, telephone service, and television content to around 4.9 million users across 21 states. Altice also owns two news channels, launched in February 2017, and News 12 Networks which broadcast local news.
Altice became public in 2017. It priced 63.9 million Shares at $30 each which is within their expected price range of $27 to $31. Altice USA raised a total of $1.9 billion from its IPO entry.
5. Qudian, Inc
Qudian is a Chinese online financial technology company. The company offers smart financing services to consumers in China. Formerly the company started as a small credit provider before serving online platforms. Founded in 2014 by Luo Min in Beijing.
Qudian started its initial public offering on the New York Stock Exchange in 2017. Their American depositary stocks were priced at $24 each which was a more than the expected range of $19 to $22. Consequently, the company raised around $900 million in its IPO collection.
6. AnaptysBio Inc
AnaptysBio is a clinical trial-based biotechnology company from San Diego with Willian J Boyle as the founder in 2005. He is also the present CEO of the company, with Hamza Suria as the president. The company develops therapeutic antibody medical products to enhance immunity which can prevent immuno-oncology as well as inflammation. Their anti-inflammatory agent includes its anti-IL-33 antibiotic etokimab which was formerly known as ANB020.
AnaptysBio listed its company as public in 2017 and raised $75 million in the US initial public offering. They sold 5 million stocks at $15 (per share).
7. Roku, Inc
Roku, Inc is an American digital media player development as well as video streaming company. Their Headquarters is located in San Jose, California. Roku also maintains hardware/software license services and advertising businesses. It was started with the name limited liability company in 2002 by Anthony Wood (ReplayTV founder). In 2007, Wood became Netflix’s vice president.
Roku made its initial public offering entry in 2017 on the NASDAQ stock exchange. They offered 15.6 million shares at a price of $14 per share.
8. Smart Global Holding
Smart Global Holding is an electronic sub-system supplier and producer to OEMs. Their headquarters is located in Newark, California. The company produces memory solutions (chips) for notebooks, desktops, servers as well as smartphones. Alexy Partin is the founder of the company.
Smart global went public in 2017 on the NASDAQ stock Market. Their Ipo offering value was $300 million but was intended to raise around $74 million. The company sold 5.3 million shares at $14 per share.
9. Rovio Entertainment
Rovio Entertainment is a Finland video game developer company. The company’s headquarters is in Espoo. Niklas Hed, Jarno Väkeväinen and Kim Dikert, students from Helsinki University founded this company in 2003. Angry Birds is one of the most popular video games they developed. Niklas, Jarno and Kim participated in a video game development competition in 2003. They won the competition and therefore started their own company named Prelude.
Rovio Entertainment went public in 2017. Their IPO fund collection was about $30 million. Its per-share value was priced at 11.50 euros.
10. Calyxt
Calyxt is a biopharmaceutical food as well as agriculture company from France. The company researches and develops gene technology based on food, crops, seeds, and also various food supplies. They also conduct research on gluten decrease in wheat and soybean oils. This company was spun out from Cellectis.
Calyxt went public on the NASDAQ stock exchange in 2017. It raised about $72.3 million in funding over 3 rounds in its IPO debut. They therefore sold 7 million shares at $8 per share.
11. Canada Goose Holding
Canada Goose Holding is a clothing brand that produces winter wearings. Sam Tick founded the company in 1957 with the name Metro Sportswear Ltd. They manufacture various types of winter clothing including hats, jackets, parkas, vests, as well as other clothing items. They offer both wholesale and retail customers.
Canada Goose listed their IPO entry on March 21, 2017. The company priced its share value at $12.78 (each). Consequently, the company’s IPO fundraising was about $391 million.
12. Chicken Soup For the Soul
Chicken Soup for the Soul is an American customer goods and book publishing media company. Their first book series Chicken soup for the soul was a hit with the audience. At present, the company publishes around 12 books a year. The company spread its business to food, pet food, and TV programs.
The company went public in 2017 and raised its IPO fund to around $30 million. They sold 2.5 million shares at $12 (each) on the NASDAQ stock exchange.
Conclusion
Overall 2017 was a good year for initial public offering entry compared to the last 2 years. Here, 12 IPO companies’ information in 2017 was noted. Stock marketers hope to get this year’s positivity to be continued next year.
