In spite of a jumpy market, the initial public offering (IPO) deluge continues. On the Nasdaq, Chinese technology services educator Tarena International priced 15.3 million shares at $9, in the middle of the $8 to $10 range. Separately, drug delivery systems provider Corium International priced 6.5 million shares at $8 —way more than the 5.5 million shares expected but below the price talk of $10-$12.
Two big ones pricing tonight: Grubhub (GRUB), the leading mobile platform for restaurant pick-up orders, is looking to price 7.0 million shares at $23-$25. Grubhub is a mere $165 million deal.
The really big offering comes by way of IMS Health Holdings, looking to price 65.0 million shares at $18-$21. They are one of the biggest online healthcare data managers in the world, with drug and insurance companies as clients. They are trying to figure out what is happening with patient usage of their products.