• 9 companies plan to price IPOs on U.S. exchanges this week: Adial Pharmaceuticals, America Airports, Central Puerto, FTS International, Hudson, MTech Acquisition, One Stop Systems, Sol-Gel and VICI Properties. http://axios.link/qDLR
🚑 ARMO BioSciences, a Redwood City, Calif.-based immuno-oncology company, raised $128 million in its IPO. The company priced 7.5 million shares at $17, compared to plans to offer 6.7 million shares at $14-$16. The pre-revenue company began trading on the Nasdaq under ticker ARMO, while Jefferies served as lead underwriter. It had raised around $167 million in VC funding, from firms like Kleiner Perkins (19.6% pre-IPO stake), OrbiMed (18.9%), DAG Ventures (11.1%), Nanodimension (10.1%), GV (5.6%), Decheng Capital (5.6%), Qiming Venture Partners, Sequoia Capital, Quan Capital, RTW Investments, HBM Healthcare Investments, Celgene Corp. and Clough Capital Partners. www.armobio.com
⛽ Cactus, a Houston-based wellhead and pressure control equipment maker backed by Cadent Energy Partners, set its IPO terms to 21.4 million shares at $16-$19. It plans to trade on the NYSE under ticker WHD, with Citi serving as lead underwriter. The company reports $44 million of net income on $236 million in revenue for the first nine months of 2017. www.cactuswh.com
• Cardlytics, an Atlanta-based marketing analytics company, set its IPO terms to 5.4 million shares at $13-$15. It would have a fully-diluted market cap of around $296 million, were it to price in the middle. The company reports a $16 million net loss on $91 million in revenue for the first nine months of 2017, and plans to trade on the Nasdaq under ticker CDLX. BofA Merrill Lynch is serving as lead underwriter. Cardlytics has raised over $180 million in VC funding from firms like Canaan Partners, Polaris Partners, Discovery Capital, TTV Capital, ITC Holdings, Total Technology Ventures and Kinetic Ventures. www.cardlytics.com
• Huami, a Chinese maker of wearable devices, set its IPO terms to 10 million shares at $10-$12. It would have a fully-diluted market value of around $662 million, if it prices in the middle. The company plans to trade on the Nasdaq under ticker HMI, with Credit Suisse as lead underwriter. Huami reports around $14 million of net income on $195 million in revenue for the first nine months of 2017, while shareholders include Banyan Capital. www.huami-usa.com
• TFI TAB Food Investments, a franchisor for Burger King and other quick-service restaurants in Turkey and China, set its IPO terms to 22 million shares at $9-$11. It would have a fully-diluted market value of around $1.2 billion, if it prices in the middle. The company plans to trade on the Nasdaq under ticker TFIG, with Morgan Stanley as lead underwriter. It reports $2.9 billion in revenue for the first nine months of 2017.
⛽ TMK, Russia's largest oil and gas pipe-maker, plans to raise upwards of $535 million in a U.S. IPO. http://axios.link/QRQS