October 9, 2019 / 8:23 PM / 10 days ago

FACTBOX-Germany's BioNTech is the latest to test troubled IPO waters

    Oct 9 (Reuters) - German biotech firm BioNTech SE         
has cut its expected stock price and will offer fewer shares in
the latest major U.S. market flotation since the tumultuous
collapse of WeWork owner The We Company's offering last month.
            
    BioNTech, which is researching how to make personalized
therapies to attack cancer, said on Wednesday it expected to
price at between $15 and $16 per American Depository Share (ADS)
for up to 10 million ADS.             
    It had earlier expected to issue up to 13.2 million ADS at
$18 and $20 per share.
    Following is a list of some of the biggest companies to
float in what has been a disappointing year for initial public
offerings (IPOs) on Wall Street. 
        
    ** Peloton Interactive Inc
    -- IPO Price: $29.00
    -- Debut date: Sept 26
    -- Debut open: $27.00; Debut close: $25.76
    -- Performance since IPO: down 20%
    
    ** SmileDirectClub Inc        
    -- IPO Price: $23.00
    -- Debut date: Sept 12
    -- Debut open: $20.55; Debut close: $16.67
    -- Performance since IPO: down 51%
    
    ** Ride-hailing company Uber Technologies Inc         
    -- IPO Price: $45.00
    -- Debut date: May 10
    -- Debut open: $42.00; Debut close: $41.57
    -- Performance since IPO: down 35%
 
    ** Ride-hailing company Lyft Inc          
    -- IPO Price: $72.00
    -- Debut date: March 29
    -- Debut open: $87.24; Debut close: $78.29
    -- Performance since IPO: down 46%
    
    ** Workplace messaging firm Slack Technologies Inc         
    -- Direct Listing on NYSE
    -- IPO reference price: $26.00
    -- Debut date: June 20
    -- Debut open: $38.50; Debut close: $38.62
    -- Performance since debut: down 33%
    
    ** China's Wanda Sports Group Co Ltd        
    -- IPO Price: $8.00
    -- Debut date: July 26
    -- Debut open: $6.00; Debut close: $5.16
    -- Performance since IPO: down 50%
    
    ** Luxury online reseller RealReal Inc         
    -- IPO Price: $20.00
    -- Debut date: June 28
    -- Debut open: $28.00; Debut close: $28.90
    -- Performance since debut: down 25%
    
    ** China's largest live-streaming platform DouYu
       International Holdings Inc         
    -- IPO Price: $11.50
    -- Debut date: July 17
    -- Debut open: $11.02; Debut close: $11.50
    -- Performance since IPO: down 31%
    
    Source- Reuters data, Regulatory filings
    --Performance is based on stock's Thursday close

 (Reporting by Shariq Khan in Bengaluru
Editing by Matthew Lewis)
  
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