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

NIQ Global Intelligence / Equity Capital Markets

<ul>
<li>NIQ Global priced a full-size offering of 50.0mm shares at $21.00 and opened at $20.25 for a loss of 3.6%. </li>
<li>This company is private equity–backed by Advent International. PE-backed companies often are a more difficult sell due to the high level of debt these companies carry.</li>
<li>Typically, "broken IPOs" have an overhang in the short term and we see a scenario where this plays out in this case. </li>
</ul>


NIQ Global priced a full-size offering of 50.0mm shares at $21.00 and opened at $20.25 for a loss of 3.6%. 
This company is private equity–backed by Advent International. PE-backed companies often are a more difficult sell due to the high level of debt these companies carry.
Typically, "broken IPOs" have an overhang in the short term and we see a scenario where this plays out in this case. 


NIQ Global Intelligence (NIQ): Another Private Equity Bust, IPO Closes Nearly Two Points Below Issue

<ul>
<li>The company that describes itself as a leading global consumer intelligence company positioned at the nexus of brands, retailers and consumers is to debut on Wednesday, July 23rd.</li>
<li>According to guidance, that the deal is multiple-times oversubscribed with long-only, 1-on-1 conversions including anchor indications.</li>
<li>The company showed solid growth in 2024 of nearly 19% and followed that up with solid flash numbers of +7.5% growth in Q2.</li>
</ul>


The company that describes itself as a leading global consumer intelligence company positioned at the nexus of brands, retailers and consumers is to debut on Wednesday, July 23rd.
According to guidance, that the deal is multiple-times oversubscribed with long-only, 1-on-1 conversions including anchor indications.
The company showed solid growth in 2024 of nearly 19% and followed that up with solid flash numbers of +7.5% growth in Q2.


NIQ Global Intelligence Plc (NIQ): Advent-Backed IPO to Provide Litmus Test for Market

<ul>
<li>NIQ Global Intelligence plc is offering 50.0mm shares at $20.00-$24.00 equating to a market cap of $5.9b-$7.1b and is scheduled to debut on July 23rd.</li>
<li>If successful, this will be the third IPO to raise $1 billion in 2025. </li>
<li>NIQ Global Intelligence has a boat-load of debt, is private-equity backed but has a growth profile that is promising. We believe price sensitivity may play a role.</li>
</ul>


NIQ Global Intelligence plc is offering 50.0mm shares at $20.00-$24.00 equating to a market cap of $5.9b-$7.1b and is scheduled to debut on July 23rd.
If successful, this will be the third IPO to raise $1 billion in 2025. 
NIQ Global Intelligence has a boat-load of debt, is private-equity backed but has a growth profile that is promising. We believe price sensitivity may play a role.


NIQ Global Intelligence Plc (NIQ): Advent-Backed, Consumer Intelligence Company Sets Terms for IPO

<ul>
<li>The company, better known as NielsenIQ, describes itself as a leading global consumer intelligence company positioned at the nexus of brands, retailers and consumers.</li>
<li>The company is private equity backed with a majority stake owned by Advent International.</li>
<li>With revenues over the last three months relatively flat versus the year prior, it will be "interesting" to see how (or if) the market "embraces" this company. </li>
</ul>


The company, better known as NielsenIQ, describes itself as a leading global consumer intelligence company positioned at the nexus of brands, retailers and consumers.
The company is private equity backed with a majority stake owned by Advent International.
With revenues over the last three months relatively flat versus the year prior, it will be "interesting" to see how (or if) the market "embraces" this company. 


NIQ Global Intelligence Plc (NIQ): Peeking at the Prospectus of a Consumer Intelligence Company

Alliance Laundry Holdings / Equity Capital Markets

<ul>
<li>Alliance Laundry Holdings (ALH US) is offering 34.146 million shares at $19-$22 and will debut on the NYSE on Thursday, October 9th. </li>
<li>The company is backed by BDT Capital who will own 76.0% of this company post-IPO. </li>
<li>The durability of this market will have to be balanced with the valuation and the large amount of indebtedness this company has on the balance sheet. </li>
</ul>


Alliance Laundry Holdings (ALH US) is offering 34.146 million shares at $19-$22 and will debut on the NYSE on Thursday, October 9th. 
The company is backed by BDT Capital who will own 76.0% of this company post-IPO. 
The durability of this market will have to be balanced with the valuation and the large amount of indebtedness this company has on the balance sheet. 


Alliance Laundry Holdings Inc. (ALH): Another Private Equity Backed Company to Test IPO Market

United States

NIQ Global Intelligence plc is a consumer intelligence company. The Company provides brands, retailers, and other clients with a complete view of consumer shopping behavior globally to drive mission-critical strategic and operating decisions and facilitates in improving economic outcomes. NIQ Global Intelligence operates worldwide.

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NIQ Global Intelligence (NIQ US)

NIQ Global Intelligence (NIQ): Another Private Equity Bust, IPO Closes Nearly Two Points Below Issue

NIQ Global, backed by Advent International, priced an offering at $21.00, opening at $20.25 for a 3.6% loss marking another private equity backed...

IPO Boutique

NIQ Global Intelligence Plc (NIQ): Advent-Backed IPO to Provide Litmus Test for Market

Leading global consumer intelligence company set to debut on July 23rd with oversubscribed deal and strong growth numbers in 2024 and Q2.

IPO Boutique

NIQ Global Intelligence Plc (NIQ): Advent-Backed, Consumer Intelligence Company Sets Terms for IPO

NIQ Global Intelligence plc set to debut on July 23rd with 50.0mm shares offered at $20.00-$24.00, aiming for a market cap of $5.9b-$7.1b.

IPO Boutique

NIQ Global Intelligence Plc (NIQ): Peeking at the Prospectus of a Consumer Intelligence Company

NielsenIQ, a global consumer intelligence company, faces market uncertainty with flat revenues and private equity ownership by Advent International.

IPO Boutique

Alliance Laundry Holdings Inc. (ALH): Another Private Equity Backed Company to Test IPO Market

Alliance Laundry Holdings set to debut on NYSE with 34.146 million shares offered at $19-$22, backed by BDT Capital. Concerns over valuation and...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

NIQ Global Intelligence (NIQ): Another Private Equity Bust, IPO Closes Nearly Two Points Below Issue

​NIQ Global, backed by Advent International, priced an offering at $21.00, opening at $20.25 for a 3.6% loss marking another private equity backed...

IPO Boutique

NIQ Global Intelligence Plc (NIQ): Advent-Backed IPO to Provide Litmus Test for Market

​Leading global consumer intelligence company set to debut on July 23rd with oversubscribed deal and strong growth numbers in 2024 and Q2.

IPO Boutique

NIQ Global Intelligence Plc (NIQ): Advent-Backed, Consumer Intelligence Company Sets Terms for IPO

​NIQ Global Intelligence plc set to debut on July 23rd with 50.0mm shares offered at $20.00-$24.00, aiming for a market cap of $5.9b-$7.1b.

IPO Boutique

NIQ Global Intelligence Plc (NIQ): Peeking at the Prospectus of a Consumer Intelligence Company

​NielsenIQ, a global consumer intelligence company, faces market uncertainty with flat revenues and private equity ownership by Advent International.

IPO Boutique

Alliance Laundry Holdings Inc. (ALH): Another Private Equity Backed Company to Test IPO Market

​Alliance Laundry Holdings set to debut on NYSE with 34.146 million shares offered at $19-$22, backed by BDT Capital. Concerns over valuation and...

IPO Boutique

NIQ Global, backed by Advent International, priced an offering at $21.00, opening at $20.25 for a 3.6% loss marking another private equity backed...

Leading global consumer intelligence company set to debut on July 23rd with oversubscribed deal and strong growth numbers in 2024 and Q2.

NIQ Global Intelligence plc set to debut on July 23rd with 50.0mm shares offered at $20.00-$24.00, aiming for a market cap of $5.9b-$7.1b.

NielsenIQ, a global consumer intelligence company, faces market uncertainty with flat revenues and private equity ownership by Advent International.

Alliance Laundry Holdings set to debut on NYSE with 34.146 million shares offered at $19-$22, backed by BDT Capital. Concerns over valuation and...