Hanover Bancorp Went Public. Now the Stock Is a Broken IPO. -- Barrons.com
Hanover Bancorp Went Public. Now the Stock Is a Broken IPO. -- Barrons.com
Luisa Beltran
路易莎·貝爾特蘭
Shares of Hanover Bancorp, the parent company of Hanover Community Bank, dropped below its offer price in its first trading day.
漢諾威社區銀行的母公司漢諾威銀行的股價在第一個交易日就跌破了發行價。
Hanover's (ticker: HNVR) stock opened Wednesday at $21.44 and initially rose more than 4%. However, it gave back those gains in the afternoon, falling more than 4% to close at $20.11. This makes Hanover a broken IPO.
漢諾威(股票代碼：HNVR)的股票週三開盤報21.44美元，最初上漲超過4%。然而，它在下午回吐了這些漲幅，下跌超過4%，收於20.11美元。這使得漢諾威成為一個失敗的首次公開募股。
Hanover is one of handful of initial public offerings expected to launch this week. ProFrac Holding, an oil-field services company, is scheduled to open for trading Thursday. Bright Green Corp, a provider of cannabis products, is set to make its trading debut later this week. Also on tap are several smaller IPOs from biotech Intrinsic Medicine; Innovative Eyewear, which develops and sells smart eyeglasses; and Actelis Networks, a telecom-equipment company, according to IPOScoop.com.
漢諾威是預計將於本週啟動的少數幾家首次公開募股(IPO)之一。油田服務公司ProFrac Holding定於週四開盤交易。大麻產品供應商Bright Green Corp將於本週晚些時候首次亮相。根據IPOScoop.com的數據，還有幾家規模較小的首次公開募股(IPO)，包括生物技術公司Intrative Medicine；研發和銷售智能眼鏡的Innovative Eyeears；以及電信設備公司Actelis Networks。
The dismal debut came after Hanover cut the size of its deal on Tuesday by more than 6% to 1.275 million shares priced at $21 each, the bottom of its $21-to-$23 price range.
在這一慘淡的首日交易之前，漢諾威週二將發行規模削減了6%以上，至127.5萬股，每股定價為21美元，這是其21美元至23美元區間的底部。
Stephens and Piper Sandler are underwriters on the deal.
斯蒂芬斯和派珀·桑德勒是這筆交易的承銷商。
Organized in 2009, Hanover was founded to serve the South Asian community of Nassau County, New York. Michael Puorro, Hanover's chairman and CEO, led a recapitalization of the bank in 2012. Hanover has been acquisitive. In 2019, the bank acquired Chinatown Federal Savings Bank, and it scooped up Savoy Bank in 2021. Hanover had $1.5 billion in total assets on $1.2 billion in total deposits as of March 31, the prospectus said.
漢諾威成立於2009年，旨在為紐約州拿騷縣的南亞社區提供服務。2012年，漢諾威董事長兼首席執行官邁克爾·普羅領導了該銀行的資本重組。漢諾威一直以來都很貪婪。2019年，該行收購了唐人街聯邦儲蓄銀行，並於2021年收購了薩沃伊銀行。招股説明書稱，截至3月31日，漢諾威的總資產為15億美元，總存款為12億美元。
Hanover Community Bank, based in Mineola, N.Y., currently operates seven retail branches serving Long Island and the greater New York metropolitan area, according to its website.
據漢諾威社區銀行網站介紹，總部位於紐約州米尼奧拉的漢諾威社區銀行目前運營着七家零售分行，服務於長島和大紐約大都市區。
Hanover debuted during a slow time in the new issues market. Just 39 firms have gone public using traditional offerings as of May 6, raising $4 billion, according to Dealogic. This compares to 140 businesses collecting $56.6 billion for the same period in 2021.
漢諾威是在新股發行市場低迷時期首次亮相的。根據Dealogic的數據，截至5月6日，只有39家公司通過傳統方式上市，籌集了40億美元。相比之下，2021年同期，140家企業的收入為566億美元。
Last week, Bausch + Lomb (BLCO), the eye care unit of Bausch Health Cos, and biotech PepGen (PEPG) opened for trading. Bausch + Lomb's stock rose more than 11% during its debut, while PepGen rose 7.4%.
上週，博世健康公司的眼部護理部門博士倫(Bausch+Lomb)和生物科技公司PepGen開始交易。博士倫的股票在上市首日上漲超過11%，PepGen上漲7.4%。
Meanwhile, some deals are getting pulled. The IPO from Fresh Market Holdings, a specialty grocery chain backed by Apollo Global Management, is now off. Cencosud, a leading South American retailer, said Wednesday it agreed to buy 67% of Fresh Market for $676 million. The Berry Family, a longtime backer of Fresh Market, will have a minority, as will Apollo and Fresh Market's management, a statement said.
與此同時，一些交易正在被取消。由阿波羅全球管理公司(Apollo Global Management)支持的特色食品連鎖店Fresh Market Holdings的IPO現已取消。南美領先零售商Cencosud週三表示，同意以6.76億美元收購Fresh Market 67%的股份。一份聲明稱，Fresh Market的長期支持者Berry家族將擁有少數股權，阿波羅和Fresh Market的管理層也將持有少數股權。
Apollo Global took Fresh Market private in 2016 in a deal valued at about $1.4 billion. In March 2021, Fresh Market filed confidentially for an IPO. It publicly disclosed the prospectus in July 2021, and updated the filing in March of this year.
阿波羅全球在2016年將Fresh Market私有化，交易價值約為14億美元。2021年3月，Fresh Market祕密提交了IPO申請。該公司於2021年7月公開披露招股説明書，並於今年3月更新了備案文件。
Write to Luisa Beltran at luisa.beltran@dowjones.com
寫信給Luisa Beltran，電子郵件：luisa.beltran@dowjones.com
譯文內容由第三人軟體翻譯。