BUZZ- U.S. IPOs: Spring to life after recent strength

Mon Apr 13, 2015 2:45pm EDT
 
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** String of strong recent performance sets up potentially busiest week for new listings since last week of Jan when seven companies made their debut

** Party City, Virtu Financial and Etsy Inc this week's three largest deals, and Aduro Biotech (one of three biotechs) slated to debut Thursday

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** Last week Carbylan Therapeutics, held over from Feb, slashes its IPO price by more than half, but company's shares deliver 11% first-day gain

** E-commerce company Wowo Ltd's debut, also delayed for over a month, raises $40 mln and marks first Chinese-domiciled IPO this year

** Along with last week IPOs, 17 follow-ons price for total registered transaction value of $3.6 bln

** Financials lead deal count with eight follow-ons, including six REITs, and were majority of last week's activity ($2.2 bln of issuance)

** New Residential Investment Corp prices upsized $877 mln offering (including shoe), last week's largest, to help finance purchase of Home Loan Servicing Solutions Ltd's assets

** Also notable was Canada's unregistered $2.6 bln block sale of its remaining stake in General Motors Corp   Continued...