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In the first quarter 91 of these issues were priced above the filing range.
Its other assets — more than 250 positions in all, down from more than 700 immediately after the bankruptcy filing — range from small vacant lots to the scenic Moonlight Basin ski resort in Big Sky, Mont., the 2,000-acre 2,000-acre golf community in the Texas Hill Country, and hotels and condominium projects in Miami, New York and Maui, Hawaii.
Their initial filing range was $12-14/share12-14/sharentually bumped up to $16-18/share 16-18/share
Despite some pressure on valuations, 66% of IPOs in the US priced within or above initial filing range in 2015.
Unfortunately, SecureWorks priced their IPO below their filing range and traded below their IPO price for a couple of months.
The initial filing range of $21 $2424 was raised to $24 -$26 while the company was marketing on its roadshow.
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By contrast, Mr. Fitzgibbon said, of the 200 initial offerings priced from January to May, 75 were priced above their filing ranges and only 37 were priced below.
Six priced above their filing ranges, 28 priced within their ranges and 32 priced below, according to Dealogic, which counts 66 offerings so far this year.
Although June was still a good month for initial offerings over all, with 57 issues raising $6.82 billion -- the highest monthly figure so far this year -- Mr. Fitzgibbon said that only seven of those issues were priced above their initial filing ranges.
Four recent tech IPOs — Avalara (AVLR), Carbon Black (CBLK), Smartsheet (SMAR) and DocuSign (DOCU) — all revised the filing ranges upward, priced at or above the high-end of the new range, and are trading up an average of 79percentt since their debuts in late April through mid June.
As proof, four of the top-five-performing IPOs from the classes of '12 and '13 were cold deals, pricing at or below the bottom end of their filing ranges (VIP Shop, Solar City, Wageworks and YY, a GGV Capital portfolio company).
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