2025 IPO Pricing and Performance

IPO - Pricing (15)
Goldman Sachs

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Dec 16	trivago N.V.	Technology	11	26	JPM	GS	MS	73.8%	7.7%
Dec 5	SiteOne Landsca	Consumer-Non-Durables	21	10	DB	GS	UBS	64.4%	27%
Oct 28	BlackLine Inc.	Technology	17	8	GS	JPM		87.1%	39.4%
Oct 27	ZTO Express (Ca	Transportation	19.5	72	GS	MS		76.7%	-15%
Sep 30	Nutanix Inc.	Technology	16	14	GS	JPM	MS	201.3%	131.3%
Sep 16	Bank of N.T. Bu	Finance	23.5	10	GS			46.5%	5.3%
Jul 15	Conyers Park Ac	NA	10	37	DB	GS		0%	-100%
Jul 11	Smart Sand Inc.	Basic-Industries	11	11	CS	GS		5.1%	0.6%
Jul 10	Camping World H	Consumer-Durables	22	11	GS	JPM		100.7%	2.3%
Jun 23	Twilio Inc.	Technology	15	10	GS	JPM		212.3%	91.9%
May 26	US Foods Holdin	Consumer-Non-Durables	23	4	GS	JPM	MS	648.6%	8.3%
Apr 27	Red Rock Resort	Consumer-Services	19.5	27	BAML	GS	JPM	50%	-4.1%
Apr 22	SecureWorks Cor	Technology	14	8	BAML	GS	JPM	99.8%	0%
Apr 8	First Hawaiian	Finance	21.1	23	BAML	GS		50.7%	14.9%
Mar 2	BeiGene Ltd.	Health-Care	24	6	MS	GS	COWN	31.3%	18%

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