The sale to Japan's Asahi "puts the Asia IPO misstep to bed with the company both deleveraging and getting a rich multiple for a developed market business."
The offering had been expected to raise up to $9.8 billion but investors apparently balked at AB InBev's valuation of Budweiser APAC.
“The torrent of activity in the second quarter means that 2019 is shaping up to be a banner year for the IPO market."
Pinterest's adjusted loss was three times worse than expected, taking some of the steam out of the stock's post-IPO surge.
“We believe we are defining a new category called the Security Cloud," the company says in its prospectus.
The fast-growing maker of plant-based meats is betting the category will ultimately be as successful as non-dairy milk products.
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
The conservative pricing raises "questions about investor demand for prominent but unprofitable technology companies."
Lyft's offering could be a bellwether for how a number of tech unicorns including arch-rival Uber are received by investors this year.
The pioneering food delivery service faces competition from Grubhub, UberEats, and DoorDash in what has become an "extremely overcrowded" market.
New Fortress Energy is seeking to raise $300 million, most of which would go toward building LNG infrastructure.
But Renaissance Capital sees hope in the form of "a large backlog of unicorns firmly indicating plans to complete some of the largest-ever IPOs."
