2025 IPO Pricing and Performance

IPO - Pricing (16)
Citigroup

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Dec 13	PBF Energy Inc	Energy	26	20	CITI	MS		87.6%	1%
Nov 21	YY Inc	Technology	10.5	7	CITI	DB	MS	58.6%	7.7%
Oct 4	Berry Global Gr	Consumer-Non-Durables	16	29	BRCL	BAML	CITI	60.1%	-5%
Jul 20	Palo Alto Netwo	Technology	42	6	CITI	GS	MS	113.2%	26.5%
Jun 29	ServiceNow Inc	Technology	18	11	CITI	DB	MS	93.8%	36.7%
May 10	Western Asset M	Consumer-Services	20	8	CITI	DB	JPM	92.4%	-6.2%
May 3	The Carlyle Gro	Finance	22	30	CITI	CS	JPM	43.6%	0.2%
May 1	Supernus Pharma	Health-Care	5	10	CITI	PPRJ		6.8%	7.4%
Apr 26	Ares Commercial	Consumer-Services	18.5	7	BAML	CITI	JPM	41.1%	-2.7%
Mar 15	Allison Transmi	Capital-Goods	23	26	BAML	CITI	JPM	53.1%	1.7%
Mar 2	Yelp Inc	Consumer-Services	15	7	CITI	GS		244.1%	63.9%
Feb 8	ChemoCentryx In	Health-Care	10	4	CITI	JPM		22.5%	10%
Feb 8	Caesars Enterta	Consumer-Services	9	1	CITI	CS		642%	71%
Feb 8	EPAM Systems In	Technology	12	6	BRCL	CITI		55.6%	16.7%
Feb 2	Matador Resourc	Energy	12	13	CITI	RBC		34.3%	-2.1%
Jan 25	Guidewire Softw	Technology	13	8	CITI	DB	JPM	79.4%	31.7%

* Lead manager or one of top three managers in an underwriting team.