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·贝尔特兰
Shares of Hanover Bancorp, the parent company of Hanover Community Bank, dropped below its offer price in its first trading day.
汉诺威社区银行的母公司汉诺威银行的股价在第一个交易日就跌破了发行价。
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.
汉诺威(股票代码：HNVR)的股票周三开盘报21.44美元，最初上涨超过4%。然而，它在下午回吐了这些涨幅，下跌超过4%，收于20.11美元。这使得汉诺威成为一个失败的首次公开募股。
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.
汉诺威是预计将于本周启动的少数几家首次公开募股(IPO)之一。油田服务公司ProFrac Holding定于周四开盘交易。大麻产品供应商Bright Green Corp将于本周晚些时候首次亮相。根据IPOScoop.com的数据，还有几家规模较小的首次公开募股(IPO)，包括生物技术公司Intrative Medicine；研发和销售智能眼镜的Innovative Eyeears；以及电信设备公司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.
在这一惨淡的首日交易之前，汉诺威周二将发行规模削减了6%以上，至127.5万股，每股定价为21美元，这是其21美元至23美元区间的底部。
Stephens and Piper Sandler are underwriters on the deal.
斯蒂芬斯和派珀·桑德勒是这笔交易的承销商。
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.
汉诺威成立于2009年，旨在为纽约州拿骚县的南亚社区提供服务。2012年，汉诺威董事长兼首席执行官迈克尔·普罗领导了该银行的资本重组。汉诺威一直以来都很贪婪。2019年，该行收购了唐人街联邦储蓄银行，并于2021年收购了萨沃伊银行。招股说明书称，截至3月31日，汉诺威的总资产为15亿美元，总存款为12亿美元。
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.
据汉诺威社区银行网站介绍，总部位于纽约州米尼奥拉的汉诺威社区银行目前运营着七家零售分行，服务于长岛和大纽约大都市区。
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.
汉诺威是在新股发行市场低迷时期首次亮相的。根据Dealogic的数据，截至5月6日，只有39家公司通过传统方式上市，筹集了40亿美元。相比之下，2021年同期，140家企业的收入为566亿美元。
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%.
上周，博世健康公司的眼部护理部门博士伦(Bausch+Lomb)和生物科技公司PepGen开始交易。博士伦的股票在上市首日上涨超过11%，PepGen上涨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.
与此同时，一些交易正在被取消。由阿波罗全球管理公司(Apollo Global Management)支持的特色食品连锁店Fresh Market Holdings的IPO现已取消。南美领先零售商Cencosud周三表示，同意以6.76亿美元收购Fresh Market 67%的股份。一份声明称，Fresh Market的长期支持者Berry家族将拥有少数股权，阿波罗和Fresh Market的管理层也将持有少数股权。
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.
阿波罗全球在2016年将Fresh Market私有化，交易价值约为14亿美元。2021年3月，Fresh Market秘密提交了IPO申请。该公司于2021年7月公开披露招股说明书，并于今年3月更新了备案文件。
Write to Luisa Beltran at luisa.beltran@dowjones.com
写信给Luisa Beltran，电子邮件：luisa.beltran@dowjones.com
译文内容由第三方软件翻译。