News

Initial public offerings scheduled to debut next week

NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of June 8:

Axovant Sciences Ltd. – Hamilton, Bermuda, 17.9 million shares, priced, $13 to $15, managed by Jefferies, Evercore, and RBC Capital Markets. Proposed NYSE symbol AXON. Business: Clinical-stage biotech developing therapeutics for treatment of dementia.

Biotie Therapies Corp. – Turku, Finland, 3.373 million American depositary shares, each representing 80 shares, priced at $14.82, managed by RBC and Stifel. Proposed Nasdaq symbol BITI. Business: Finnish biotech developing an adjunct therapy to levodopa for Parkinson’s disease.

Invuity Inc. – San Francisco, 4 million shares, priced $14 to $16, managed by Piper Jaffray, Leerink, and Stifel. Proposed Nasdaq symbol IVTY. Business: Markets enhanced surgical illumination devices.

People’s Utah Bancorp – American Fork, Utah, 2.5 million shares, priced $13 to $15, managed by D.A. Davidson. Proposed Nasdaq Capital Market symbol PUB. Business: Utah commercial bank with 18 branches and $1.4 billion in assets.

Principal Solar Inc. – Dallas, 2.5 million shares, priced $9 to $11, managed by Northland Securities. Proposed Nasdaq Capital Market symbol PSWW. Business: Roll-up planning to acquire, build, and operate large-scale solar generation facilities.

Wingstop Inc. – Dallas, 5.8 million shares, priced $12 to $14, managed by Morgan Stanley, Jefferies, and Baird. Proposed Nasdaq symbol WING. Business: Fast casual chicken wing-focused restaurant chain with 745 locations.