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In fact, 16 IPOs priced this week, for a total value of $4 billion.
While social media companies like Twitter are popular offerings now, other sectors dominating the IPO market include biotech, cloud computing, and cybersecurity.
So to look past Twitter, here are some of the week's biggest IPOs and how the stocks have fared thus far.
The IPO Market This Week
- Arc Logistics Partners LP (NYSE: ARCX) was priced at $19.00 and sold 6 million shares in its initial public offering on Wednesday. The $19.00 per share was on the low end of the estimated range of $19.00 to $21.00. Arc Logistics owns, operates, develops, and acquires a diversified portfolio of complementary energy logistics assets. In initial trading, shares of ARCX remain unchanged. The company raised approximately $114 million in its IPO.
- Barracuda Networks Inc. (NYSE: CUDA) went public on Wednesday and sold approximately 4.1 million shares at $18.00 each. CUDA raised $74.5 million at a valuation of nearly $1 billion. Barracuda is a Silicon Valley-based security and storage company that offers customers protection for e-mail, web surfing, and instant messaging. The company also provides backup services and data protection. In its first day of trading, CUDA reached a high of $23.80, before closing at $21.55.
- Blue Capital Reinsurance Holdings (NYSE: BCRH) operates in the property catastrophe market and offers collateralized reinsurance to its clients. BCRH opened on Wednesday after selling 6.3 million shares at $20.00. After opening, shares dropped 6.3% to $18.75.
- Karyopharm Therapeutics Inc. (Nasdaq: KPTI) raised $108.8 million during its Wednesday IPO. KPTI sold 6.8 million shares at $16, which was on the high end of its expectations. After opening, KPTI traded as high as $19.09, but settled at $16.15 Wednesday afternoon. Karyopharm is a clinical-stage pharmaceutical company that develops drugs directed against nuclear transport targets for the treatment of cancer and other diseases.
- Wix.com Ltd. (Nasdaq: WIX) is a Tel Aviv-based web development platform. The site allows its users to create their own HTML5 websites and mobile sites through easy-to-use tools. WIX stock opened on Wednesday and sold 7.7 million shares at $16.50, which was at the top of the estimated range of $14.50 to $16.50.
Thursday, Nov. 7
- LGI Homes Inc. (Nasdaq: LGIH) designs and constructs entry-level homes in Texas, Arizona, Florida, and Georgia. LGIH hit the Nasdaq on Thursday and had sold 9 million shares at $11.00. LGI Homes is one of the nation's fastest growing homebuilders. LGI Homes expects net proceeds of $89.1 million after accounting for underwriting expenses. LGIH opened trading at $12.26 on its first day.