US IPO Weekly Recap: Sacramento bank Five Star Bancorp finishes on top in an 8 IPO week

renaissancecap...2021-05-08

Eight IPOs and four SPACs went public this past week. One IPO postponed, UK-based biotechGyroscope Therapeutics(VISN), citing market conditions. Filing activity maintained a comfortable pace/remained ...

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sfleong1
2021-05-10
sfleong1
All morning
mitz
2021-05-10
mitz
Please comment for good luck
StarryEyes
2021-05-10
StarryEyes
Good morning
StarryEyes
2021-05-10
StarryEyes
Good morning
msmoo
2021-05-09
msmoo
Wow..
Wowow
2021-05-09
Wowow
[Miser]

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One IPO postponed, UK-based biotechGyroscope Therapeutics(VISN), citing market conditions. Filing activity maintained a comfortable pace/remained ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/81608/US-IPO-Weekly-Recap-Sacramento-bank-Five-Star-Bancorp-finishes-on-top-in-an\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.renaissancecapital.com/IPO-Center/News/81608/US-IPO-Weekly-Recap-Sacramento-bank-Five-Star-Bancorp-finishes-on-top-in-an","article_id":"1179368127","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179368127","pubTimestamp":1620451362,"columns":[],"sourceInfo":{"source_id":"lsy1619493174116","name":"renaissancecapital"},"weMediaInfo":null,"summary":"Eight IPOs and four SPACs went public this past week. One IPO postponed, UK-based biotechGyroscope T","collect":0,"end_time":0,"defaultTopTitle":"renaissancecapital.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"美国首次公开募股周回顾：萨克拉门托银行五星银行完成8周首次公开募股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Eight IPOs and four SPACs went public this past week. One IPO postponed, UK-based biotechGyroscope Therapeutics(VISN), citing market conditions. Filing activity maintained a comfortable pace/remained moderate, with seven IPOs and 10 SPACs submitting initial filings.\nThe week’s best performer, Sacramento bankFive Star Bancorp(FSBC) priced at the high end to raise $105 million at a $325 million market cap. The bank serves the greater Sacramento MSA through its seven branches and two loan offices, focusing on commercial real estate lending. While large money center banks control the majority of deposits in the area, the bank has more than doubled its share since 2016. Five Star finished up 25%.\nNon-toxic lifestyle brandThe Honest Company(HNST) priced slightly above the midpoint to raise $413 million at a $1.6 billion market cap. Co-founded by actress Jessica Alba, the company offers baby care, skin and personal care, and household and wellness products. The company saw solid growth in 2020, though it has a history of losses and negative free cash flow, and insiders sold a majority of the IPO. Honest finished up 19%.\nFrench-listed biotechValneva(VALN) priced within the range to raise $94 million at a $1.4 billion market cap. Valneva has successfully commercialized vaccines for Japanese Encephalitis and Cholera. Its clinical portfolio contains lead program VLA15, a vaccine targeting Borrelia (Lyme disease) under development in collaboration with Pfizer, which is currently in Phase 2 trials. Valneva finished up 12%.\nCannabinoid overdose biotechAnebulo Pharmaceuticals(ANEB) priced at the midpoint to raise $21 million at a $163 million market cap. 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The company is profitable with strong growth, though it faces significant competition from larger players. Onion Global finished down 3%.\nCell therapy biotechTalaris Therapeutics(TALS) priced at the midpoint to raise $150 million at a $736 million market cap. Its lead candidate is a novel allogeneic cell therapy comprised of stem and immune cells that are procured from a healthy donor. The company is currently enrolling patients for a Phase 3 registration trial in the US in adult living donor kidney transplant recipients. Talaris finished down 4%.\nChinese health insurance platformWaterdrop(WDH) priced at the high end to raise $360 million at a $5.1 billion market cap. Unprofitable with explosive growth, the company was China’s #2 third-party life and health insurance broker by first year premiums in 2020, and its #1 medical crowdfunding platform by funds raised. 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