US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

WaterBridge Infrastructure / Equity Capital Markets

<ul>
<li>The Delaware Basin–focused water infrastructure operator set terms Monday to sell 27 million shares at $17–$20, with a debut slated for Wednesday, September 17.</li>
<li>According to our sources, the deal's order book is classified as multiple-times oversubscribed with 1-on-1 and long-only conversions.</li>
<li>With a strong anchor order and a 10% directed share program and the sponsor having a history of success, we like the risk-reward profile of this deal at this time.</li>
</ul>


The Delaware Basin–focused water infrastructure operator set terms Monday to sell 27 million shares at $17–$20, with a debut slated for Wednesday, September 17.
According to our sources, the deal's order book is classified as multiple-times oversubscribed with 1-on-1 and long-only conversions.
With a strong anchor order and a 10% directed share program and the sponsor having a history of success, we like the risk-reward profile of this deal at this time.


WaterBridge Infrastructure LLC (WBI): Sponsor Five Point Looks to Replicate Landbridge IPO Success

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

<ul><li>ARIS, a water midstream IPO, had a strong start in 2021 but struggled in the second half of 2022</li><li>Units are trading close to all-time lows despite stable business performance</li><li>Recommendation to buy common units as ARIS offers good value at 5.3x FY24 EBITDA, with potential upside to $15.00 - $18.00 in the next few years</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

ARIS, a water midstream IPO, had a strong start in 2021 but struggled in the second half of 2022Units are trading close to all-time lows despite stable business performanceRecommendation to buy common units as ARIS offers good value at 5.3x FY24 EBITDA, with potential upside to $15.00 - $18.00 in the next few yearsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Aris Water Solutions Inc (ARIS) - Sunday, Feb 4, 2024

Selected Quarterly & Annual Newsletters from Funds, Fund Newsletters

Fund Newsletters

Selected Quarterly & Annual Newsletters from Funds

Thematic (Sector/Industry)

<ul><li>Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is concentrated on long-term investing, focused on small-cap companies.</li><li>For the 3Q22 quarter (ended Sept 30, 2022), cumulative net returns increased 14%. YTD returns are down 16%.</li><li>Since inception in November 2015 through quarter end 3Q22, LCA has returned a cumulative 130% net of fees, or 13% CAGR.</li><li>I continue the effort to upgrade our portfolio by consolidating around whatI believe will be the highest IRR ideas.</li></ul>

Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is concentrated on long-term investing, focused on small-cap companies.For the 3Q22 quarter (ended Sept 30, 2022), cumulative net returns increased 14%. YTD returns are down 16%.Since inception in November 2015 through quarter end 3Q22, LCA has returned a cumulative 130% net of fees, or 13% CAGR.I continue the effort to upgrade our portfolio by consolidating around whatI believe will be the highest IRR ideas.

United States

Aris Water Solutions Inc provides full-water handling and recycling solutions. The Company develops and operates produced water infrastructure and recycling for the operators in the permian Basin. Aris Water Solutions serves customers in the United States.

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Aris Water Solutions (ARIS US)

Aris Water Solutions Inc (ARIS) - Sunday, Feb 4, 2024

ecommendation to buy common units as ARIS offers good value at 5.3x FY24 EBITDA, with potential upside to $15.00 - $18.00 in the next few years

Value Investors Club (VIC)

Long Cast Advisers Q3 2022 Letter

Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is...

Fund Newsletters

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WaterBridge Infrastructure LLC (WBI): Sponsor Five Point Looks to Replicate Landbridge IPO Success

​Delaware Basin water infrastructure operator set to debut with strong investor interest and promising risk-reward profile.

IPO Boutique

Aris Water Solutions Inc (ARIS) - Sunday, Feb 4, 2024

ecommendation to buy common units as ARIS offers good value at 5.3x FY24 EBITDA, with potential upside to $15.00 - $18.00 in the next few years

Value Investors Club (VIC)

Long Cast Advisers Q3 2022 Letter

Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is...

Fund Newsletters

Delaware Basin water infrastructure operator set to debut with strong investor interest and promising risk-reward profile.