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Ipreo Early Edition – The Week Ended January 8, 2016

Ipreo Early Edition – The Week Ended January 8, 2016

As the first week of the New Year came to an end, we saw new highs and new lows across the board. “Star Wars: The Force Awakens” surpassed “Avatar” in domestic sales with over $770.0M while making its mark in global sales at $1.6B, and is expected to ratchet higher in the coming weeks as it opens in China. Conversely, the financial markets did not seem to have the force on their side as the Dow Jones recorded its worst-ever five-day start to a year. Meanwhile, the new issuance market appeared to be relatively stable as 15 deals priced (14 FOs, and 1 BLK) for proceeds of $3.6B. That’s the highest amount of proceeds issuers have raised since the first week of December, when 16 companies generated a total of $12.4B in proceeds. Looking at the year-ago period, the first week saw 18 deals price for $3.6B in total proceeds. Elsewhere, two companies this week, both from the Healthcare sector, withdrew or postponed their market debuts. 21st Century Oncology Holdings, Inc. withdrew its $100.0M IPO on January 5; the issuer previously postponed its IPO on May 22, 2014, citing market conditions. Looking ahead, only one deal is currently expected to price; Shimmick Construction Company, Inc. is seeking to raise $75.0M in its market debut.

The Early Edition -1-8-16