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Ipreo Early Edition – The Week Ended January 9, 2015

Ipreo Early Edition – The Week Ended January 9, 2015

The first week of 2015 welcomed a healthy 18 deals for $3.4B in proceeds, as investors returned to the market ready to tackle their New Year’s resolutions. The Healthcare sector got a major jumpstart, continuing 2014’s strong performance as it provided the year’s first seven Follow-On offerings, and ended the week with a total of 10 Follow-Ons and 1 CVT. No other year on record has welcomed more than 7 Healthcare deals during the first 10 days of the year. All but one deal came from the Biotechnology and Pharmaceuticals space, including Alder Biopharmaceuticals ($177.0M) and Avalanche Biotechnologies ($141.6M), which completed their first capital raises following their debuts in the record-breaking Healthcare IPO class of 2014. Elsewhere, there were three REIT offerings for a total of $572.0M, though the largest deal of the week came from Brocade Communications Systems’ $500.0M CVT. Looking ahead, the first two IPOs of 2015 are expected to hit the markets this week, with a $141.4M offering from the Industrials space (Patriot National), and a $125.0M debut from the Financials sector (Sutherland Asset Management).

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