This past week saw six companies come public -- Bill.com (BILL), Ehang (EH), Healthcare Merger Corp. (HCCO), OneConnect (OCFT), Sprout Social (SPT), and XP (XP).
LATEST IPOS:
XP opened on December 11 at $32.75. The company had priced 72.5M shares at $27.00, at the midpoint of the $16.00-$18.00 range. Goldman Sachs, JPMorgan, Morgan Stanley, XP and Itau BBA acted as joint book running managers for the offering.
Bill.com opened on December 12 at $37.25. The company had priced 9.824M shares at $22.00, above its $19.00-$21.00 range. Goldman Sachs, BofA/Merrill, Jefferies and KeyBanc acted as joint book running managers for the offering.
Ehang opened on December 12 at $12.55. The company had priced 3.2M shares at $12.50, the low end of its $12.50-$14.50 range. Morgan Stanley acted as lead book running manager for the offering.
OneConnect opened on December 13 at $10.51. The company had priced 31.2M shares at $10.00, at the high-end of the revised $9.00-$10.00 range. Morgan Stanley, Goldman Sachs, JPMorgan and Ping An of China acted as joint book running managers for the offering.
Sprout Social opened on December 13 at $18.05. The company had priced 8.824M shares at $17.00, the midpoint of its $16.00-18.00 target range. Goldman Sachs, Morgan Stanley, KeyBanc and William Blair acted as joint book running managers for the offering. \
PERFORMANCE:
XP, which opened on Wednesday morning at $32.75, finished its first week of trading higher, at $37.71.
Sprout Social opened on Friday morning at $18.05, and closed lower, finishing its first day of trading at $16.60.
"Opening Day" is The Fly's recurring series of stories on the latest initial public offerings, their performance, analyst commentary and upcoming IPOs.
Bill
+3.09 (+8.70%)
EHang
+0.39 (+3.13%)
Healthcare Merger Corp.
+ (+0.00%)
OneConnect
+ (+0.00%)
Sprout Social
+ (+0.00%)
XP Inc.
+3.235 (+9.41%)