Let’s take a look at last week’s stragglers. It hasn’t been an easy path for any to make it to market.
Audeo Oncology (AURX – proposed), a San Francisco-based late-stage biopharmaceutical company, filed on July 7, 2012, for an IPO to raise $60 million. On Nov. 11, the company filed an amendment to offer 3.3 million shares at $14 to $16 each. At the time, no pricing date was given. Later the deal appeared on the calendar for the week of Dec. 10, but listed as “the week of.” Later a pricing date was given. The deal was scheduled to be priced on Wednesday evening or Thursday evening to trade the following morning. It didn’t happen. The offering has been moved to the calendar for the week of Dec. 17.
Expected pricing date: Day-to-Day
(For more information see the prospectus.)
CIS Acquisition Ltd. (CISAU – proposed), a Moscow-based “blank check” company, filed on March 20, 2012, for an IPO to offer 10 million units at $10 each. On Oct. 18, the company filed an amendment reducing the offering to 5 million units at $10 each. At the time, no pricing date was given. Later the deal appeared on the calendar for the week of Dec. 10 to be priced on Monday evening to trade Tuesday. It didn’t happen. The pricing date became Thursday for Friday. It didn’t happen. The offering has been moved to the calendar for the week of Dec. 17.
Expected pricing date: Tuesday evening to trade Wednesday morning
(For more information see the prospectus.)
Sprott Physical Platinum and Palladium Trust (SPPP – proposed), a Toronto-based trust created to invest and hold its assets in physical platinum and palladium bullion, filed on Jan. 13, 2012, for an IPO to raise $115 million at $10 per unit. On Nov. 30, the company filed an amendment to offer 35 million units at $10 each for the week of Dec. 10. It was listed as “the week of.” On Dec. 7, its pricing date became Wednesday evening, Dec. 12, to trade on Thursday morning. It didn’t happen. The offering has been moved to the calendar for the week of Dec. 17.
Expected pricing date: Tuesday evening to trade Wednesday morning
(For more information see the prospectus.)
And this brings us full cycle for 2012.
To find out how this week goes, we’ll have to take another cue from Yogi Berra: “You can observe a lot by watching.”
We will not be publishing next week because of the Christmas holiday. But we will be back at year’s end.
Happy Holidays to one and all!
Stay tuned.
Disclosure: Neither the author nor anyone else on the IPOScoop.com staff has a position in any stocks mentioned, nor do they trade or invest in IPOs. The author and IPOScoop.com staff do not issue advice, recommendations or opinions.