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<br /> 2017 IPO STUDY<br /> Global Capital Markets<br /> Contents<br /> Executive Summary .................................................................................................... 2<br /> 2016 Overview........................................................................................................ 5<br /> Snap Case Study.................................................................................................... 43<br /> Trend Analysis ........................................................................................................ 49<br /> Health Care ............................................................................................................ 65<br /> Technology, Media & Telecommunications ............................................................ 81<br /> Energy & Power ...................................................................................................... 95<br /> Financial Services .......<a title="Proskauer 2017 IPO Study page 1" href="http://viewer.zmags.com/publication/fc64f8b9?page=1"> 2017 IPO STUDY Global Capital Markets</a> <a title="Proskauer 2017 IPO Study page 2" href="http://viewer.zmags.com/publication/fc64f8b9?page=2"> Contents Executive Summary .....................</a> <a title="Proskauer 2017 IPO Study page 3" href="http://viewer.zmags.com/publication/fc64f8b9?page=3"> Contacts Any questions regarding this study shou</a> <a title="Proskauer 2017 IPO Study page 4" href="http://viewer.zmags.com/publication/fc64f8b9?page=4"> 2 2017 IPO Study Executive Summ</a> <a title="Proskauer 2017 IPO Study page 5" href="http://viewer.zmags.com/publication/fc64f8b9?page=5"> Executive Summary 3 communi</a> <a title="Proskauer 2017 IPO Study page 6" href="http://viewer.zmags.com/publication/fc64f8b9?page=6"> 4 2017 IPO Study Executive Summ</a> <a title="Proskauer 2017 IPO Study page 7" href="http://viewer.zmags.com/publication/fc64f8b9?page=7"> 2 2015 IPO Study Section Title</a> <a title="Proskauer 2017 IPO Study page 8" href="http://viewer.zmags.com/publication/fc64f8b9?page=8"> 6 2017 IPO Study Methodology Popu</a> <a title="Proskauer 2017 IPO Study page 9" href="http://viewer.zmags.com/publication/fc64f8b9?page=9"> 2017 IPO Study 2017 Overview 7 Secto</a> <a title="Proskauer 2017 IPO Study page 10" href="http://viewer.zmags.com/publication/fc64f8b9?page=10"> 8 2017 IPO Study Market Analysis </a> <a title="Proskauer 2017 IPO Study page 11" href="http://viewer.zmags.com/publication/fc64f8b9?page=11"> 2017 IPO Study 2017 Overview 9 Marke</a> <a title="Proskauer 2017 IPO Study page 12" href="http://viewer.zmags.com/publication/fc64f8b9?page=12"> 10 2017 IPO Study JOBS and FAST Acts:</a> <a title="Proskauer 2017 IPO Study page 13" href="http://viewer.zmags.com/publication/fc64f8b9?page=13"> 2017 IPO Study 2017 Overview 11 Finan</a> <a title="Proskauer 2017 IPO Study page 14" href="http://viewer.zmags.com/publication/fc64f8b9?page=14"> 12 2017 IPO Study Time to IPO Time </a> <a title="Proskauer 2017 IPO Study page 15" href="http://viewer.zmags.com/publication/fc64f8b9?page=15"> 2017 IPO Study 2017 Overview 13 Testi</a> <a title="Proskauer 2017 IPO Study page 16" href="http://viewer.zmags.com/publication/fc64f8b9?page=16"> 14 2017 IPO Study Accounting/Internal</a> <a title="Proskauer 2017 IPO Study page 17" href="http://viewer.zmags.com/publication/fc64f8b9?page=17"> 2017 IPO Study 2017 Overview 15 Flash</a> <a title="Proskauer 2017 IPO Study page 18" href="http://viewer.zmags.com/publication/fc64f8b9?page=18"> 16 2017 IPO Study Revenue Revenue »</a> <a title="Proskauer 2017 IPO Study page 19" href="http://viewer.zmags.com/publication/fc64f8b9?page=19"> 2017 IPO Study 2017 Overview 17 Net I</a> <a title="Proskauer 2017 IPO Study page 20" href="http://viewer.zmags.com/publication/fc64f8b9?page=20"> 18 2017 IPO Study Adjusted EBITDA & O</a> <a title="Proskauer 2017 IPO Study page 21" href="http://viewer.zmags.com/publication/fc64f8b9?page=21"> 2017 IPO Study 2017 Overview 19 Pro F</a> <a title="Proskauer 2017 IPO Study page 22" href="http://viewer.zmags.com/publication/fc64f8b9?page=22"> 20 2017 IPO Study SEC Comments: Total</a> <a title="Proskauer 2017 IPO Study page 23" href="http://viewer.zmags.com/publication/fc64f8b9?page=23"> 2017 IPO Study 2017 Overview 21 SEC C</a> <a title="Proskauer 2017 IPO Study page 24" href="http://viewer.zmags.com/publication/fc64f8b9?page=24"> 22 2017 IPO Study SEC Comments: A Clo</a> <a title="Proskauer 2017 IPO Study page 25" href="http://viewer.zmags.com/publication/fc64f8b9?page=25"> 2017 IPO Study 2017 Overview 23 SEC C</a> <a title="Proskauer 2017 IPO Study page 26" href="http://viewer.zmags.com/publication/fc64f8b9?page=26"> 24 2017 IPO Study SEC Comments: A Clo</a> <a title="Proskauer 2017 IPO Study page 27" href="http://viewer.zmags.com/publication/fc64f8b9?page=27"> 2017 IPO Study 2017 Overview 25 Corporat</a> <a title="Proskauer 2017 IPO Study page 28" href="http://viewer.zmags.com/publication/fc64f8b9?page=28"> 26 2017 IPO Study Corporate Governanc</a> <a title="Proskauer 2017 IPO Study page 29" href="http://viewer.zmags.com/publication/fc64f8b9?page=29"> 2017 IPO Study 2017 Overview 27 Corpo</a> <a title="Proskauer 2017 IPO Study page 30" href="http://viewer.zmags.com/publication/fc64f8b9?page=30"> 28 2017 IPO Study Corporate Governance: </a> <a title="Proskauer 2017 IPO Study page 31" href="http://viewer.zmags.com/publication/fc64f8b9?page=31"> 2017 IPO Study 2017 Overview 29 Anti-</a> <a title="Proskauer 2017 IPO Study page 32" href="http://viewer.zmags.com/publication/fc64f8b9?page=32"> 30 2017 IPO Study Other Anti-Takeover Me</a> <a title="Proskauer 2017 IPO Study page 33" href="http://viewer.zmags.com/publication/fc64f8b9?page=33"> 2017 IPO Study 2017 Overview 31 IPO F</a> <a title="Proskauer 2017 IPO Study page 34" href="http://viewer.zmags.com/publication/fc64f8b9?page=34"> 32 2017 IPO Study IPO Fees and Expens</a> <a title="Proskauer 2017 IPO Study page 35" href="http://viewer.zmags.com/publication/fc64f8b9?page=35"> 2017 IPO Study 2017 Overview 33 Deal Str</a> <a title="Proskauer 2017 IPO Study page 36" href="http://viewer.zmags.com/publication/fc64f8b9?page=36"> 34 2017 IPO Study Deal Structure: Dir</a> <a title="Proskauer 2017 IPO Study page 37" href="http://viewer.zmags.com/publication/fc64f8b9?page=37"> 2017 IPO Study 2017 Overview 35 Deal </a> <a title="Proskauer 2017 IPO Study page 38" href="http://viewer.zmags.com/publication/fc64f8b9?page=38"> 36 2017 IPO Study Deal Structure: Use</a> <a title="Proskauer 2017 IPO Study page 39" href="http://viewer.zmags.com/publication/fc64f8b9?page=39"> 2017 IPO Study 2017 Overview 37 Lock-</a> <a title="Proskauer 2017 IPO Study page 40" href="http://viewer.zmags.com/publication/fc64f8b9?page=40"> 38 2017 IPO Study Lock-Ups: Carve-Out fo</a> <a title="Proskauer 2017 IPO Study page 41" href="http://viewer.zmags.com/publication/fc64f8b9?page=41"> 2017 IPO Study 2017 Overview 39 Spons</a> <a title="Proskauer 2017 IPO Study page 42" href="http://viewer.zmags.com/publication/fc64f8b9?page=42"> 40 2017 IPO Study Sponsor-Backed IPOs: L</a> <a title="Proskauer 2017 IPO Study page 43" href="http://viewer.zmags.com/publication/fc64f8b9?page=43"> 2017 IPO Study 2017 Overview 41 Spons</a> <a title="Proskauer 2017 IPO Study page 44" href="http://viewer.zmags.com/publication/fc64f8b9?page=44"> 3 2015 IPO Study Section Title</a> <a title="Proskauer 2017 IPO Study page 45" href="http://viewer.zmags.com/publication/fc64f8b9?page=45"> 4 2015 IPO Study Section Title</a> <a title="Proskauer 2017 IPO Study page 46" href="http://viewer.zmags.com/publication/fc64f8b9?page=46"> 44 2017 IPO Study A Snapshot of th</a> <a title="Proskauer 2017 IPO Study page 47" href="http://viewer.zmags.com/publication/fc64f8b9?page=47"> Snap Case Study 45 ■ Reduced e</a> <a title="Proskauer 2017 IPO Study page 48" href="http://viewer.zmags.com/publication/fc64f8b9?page=48"> 46 2017 IPO Study </a> <a title="Proskauer 2017 IPO Study page 49" href="http://viewer.zmags.com/publication/fc64f8b9?page=49"> Snap Case Study 47 not receive a</a> <a title="Proskauer 2017 IPO Study page 50" href="http://viewer.zmags.com/publication/fc64f8b9?page=50"> </a> <a title="Proskauer 2017 IPO Study page 51" href="http://viewer.zmags.com/publication/fc64f8b9?page=51"> 6 2015 IPO Study Section Title</a> <a title="Proskauer 2017 IPO Study page 52" href="http://viewer.zmags.com/publication/fc64f8b9?page=52"> 50 2017 IPO Study Overview Populati</a> <a title="Proskauer 2017 IPO Study page 53" href="http://viewer.zmags.com/publication/fc64f8b9?page=53"> 2017 IPO Study Sector Analysis Sector Trends</a> <a title="Proskauer 2017 IPO Study page 54" href="http://viewer.zmags.com/publication/fc64f8b9?page=54"> 52 2017 IPO Study JOBS Act EGC Sect</a> <a title="Proskauer 2017 IPO Study page 55" href="http://viewer.zmags.com/publication/fc64f8b9?page=55"> 2017 IPO Study Trend Analysis 53 Fina</a> <a title="Proskauer 2017 IPO Study page 56" href="http://viewer.zmags.com/publication/fc64f8b9?page=56"> 54 2017 IPO Study Accounting/Internal</a> <a title="Proskauer 2017 IPO Study page 57" href="http://viewer.zmags.com/publication/fc64f8b9?page=57"> 2017 IPO Study Trend Analysis 55 SEC </a> <a title="Proskauer 2017 IPO Study page 58" href="http://viewer.zmags.com/publication/fc64f8b9?page=58"> 56 2017 IPO Study Corporate Governanc</a> <a title="Proskauer 2017 IPO Study page 59" href="http://viewer.zmags.com/publication/fc64f8b9?page=59"> 2017 IPO Study Trend Analysis 57 Corpora</a> <a title="Proskauer 2017 IPO Study page 60" href="http://viewer.zmags.com/publication/fc64f8b9?page=60"> 58 2017 IPO Study IPO Fees and Expens</a> <a title="Proskauer 2017 IPO Study page 61" href="http://viewer.zmags.com/publication/fc64f8b9?page=61"> 2017 IPO Study Trend Analysis IPO Fees and E</a> <a title="Proskauer 2017 IPO Study page 62" href="http://viewer.zmags.com/publication/fc64f8b9?page=62"> 60 2017 IPO Study Deal Structure & DS</a> <a title="Proskauer 2017 IPO Study page 63" href="http://viewer.zmags.com/publication/fc64f8b9?page=63"> 2017 IPO Study Trend Analysis 61 Lock</a> <a title="Proskauer 2017 IPO Study page 64" href="http://viewer.zmags.com/publication/fc64f8b9?page=64"> 62 2017 IPO Study Sponsor-Backed IPOs</a> <a title="Proskauer 2017 IPO Study page 65" href="http://viewer.zmags.com/publication/fc64f8b9?page=65"> 2017 IPO Study Trend Analysis 63 Spon</a> <a title="Proskauer 2017 IPO Study page 66" href="http://viewer.zmags.com/publication/fc64f8b9?page=66"> </a> <a title="Proskauer 2017 IPO Study page 67" href="http://viewer.zmags.com/publication/fc64f8b9?page=67"> 8 2015 IPO Study Section Title</a> <a title="Proskauer 2017 IPO Study page 68" href="http://viewer.zmags.com/publication/fc64f8b9?page=68"> 66 2017 IPO Study Health Care Executi</a> <a title="Proskauer 2017 IPO Study page 69" href="http://viewer.zmags.com/publication/fc64f8b9?page=69"> 2017 IPO Study Health Care 67 Health </a> <a title="Proskauer 2017 IPO Study page 70" href="http://viewer.zmags.com/publication/fc64f8b9?page=70"> 68 2017 IPO Study Confidential Submis</a> <a title="Proskauer 2017 IPO Study page 71" href="http://viewer.zmags.com/publication/fc64f8b9?page=71"> 2017 IPO Study Health Care 69 Financi</a> <a title="Proskauer 2017 IPO Study page 72" href="http://viewer.zmags.com/publication/fc64f8b9?page=72"> 70 2017 IPO Study Accounting/Internal</a> <a title="Proskauer 2017 IPO Study page 73" href="http://viewer.zmags.com/publication/fc64f8b9?page=73"> 2017 IPO Study Health Care 71 Revenue</a> <a title="Proskauer 2017 IPO Study page 74" href="http://viewer.zmags.com/publication/fc64f8b9?page=74"> 72 2017 IPO Study SEC Comments Tota</a> <a title="Proskauer 2017 IPO Study page 75" href="http://viewer.zmags.com/publication/fc64f8b9?page=75"> 2017 IPO Study Health Care 73 Timing </a> <a title="Proskauer 2017 IPO Study page 76" href="http://viewer.zmags.com/publication/fc64f8b9?page=76"> 74 2017 IPO Study Corporate Governanc</a> <a title="Proskauer 2017 IPO Study page 77" href="http://viewer.zmags.com/publication/fc64f8b9?page=77"> 2017 IPO Study Health Care 75 IPO Fee</a> <a title="Proskauer 2017 IPO Study page 78" href="http://viewer.zmags.com/publication/fc64f8b9?page=78"> 76 2017 IPO Study Deal Structure: Second</a> <a title="Proskauer 2017 IPO Study page 79" href="http://viewer.zmags.com/publication/fc64f8b9?page=79"> 2017 IPO Study Health Care 77 Deal St</a> <a title="Proskauer 2017 IPO Study page 80" href="http://viewer.zmags.com/publication/fc64f8b9?page=80"> 78 2017 IPO Study Lock-Ups & Carve-Ou</a> <a title="Proskauer 2017 IPO Study page 81" href="http://viewer.zmags.com/publication/fc64f8b9?page=81"> 2017 IPO Study Health Care 79 Sponsor</a> <a title="Proskauer 2017 IPO Study page 82" href="http://viewer.zmags.com/publication/fc64f8b9?page=82"> </a> <a title="Proskauer 2017 IPO Study page 83" href="http://viewer.zmags.com/publication/fc64f8b9?page=83"> 10 2015 IPO Study Section Title </a> <a title="Proskauer 2017 IPO Study page 84" href="http://viewer.zmags.com/publication/fc64f8b9?page=84"> 82 2017 IPO Study TMT Executive Summa</a> <a title="Proskauer 2017 IPO Study page 85" href="http://viewer.zmags.com/publication/fc64f8b9?page=85"> 2017 IPO Study TMT 83 TMT Market Anal</a> <a title="Proskauer 2017 IPO Study page 86" href="http://viewer.zmags.com/publication/fc64f8b9?page=86"> 84 2017 IPO Study Confidential Submissio</a> <a title="Proskauer 2017 IPO Study page 87" href="http://viewer.zmags.com/publication/fc64f8b9?page=87"> 2017 IPO Study TMT 85 Accounting/Inte</a> <a title="Proskauer 2017 IPO Study page 88" href="http://viewer.zmags.com/publication/fc64f8b9?page=88"> 86 2017 IPO Study Net Income/Loss & A</a> <a title="Proskauer 2017 IPO Study page 89" href="http://viewer.zmags.com/publication/fc64f8b9?page=89"> 2017 IPO Study TMT 87 SEC Comments </a> <a title="Proskauer 2017 IPO Study page 90" href="http://viewer.zmags.com/publication/fc64f8b9?page=90"> 88 2017 IPO Study Timing Timing* » </a> <a title="Proskauer 2017 IPO Study page 91" href="http://viewer.zmags.com/publication/fc64f8b9?page=91"> 2017 IPO Study TMT 89 Corporate Gover</a> <a title="Proskauer 2017 IPO Study page 92" href="http://viewer.zmags.com/publication/fc64f8b9?page=92"> 90 2017 IPO Study IPO Fees and Expens</a> <a title="Proskauer 2017 IPO Study page 93" href="http://viewer.zmags.com/publication/fc64f8b9?page=93"> 2017 IPO Study TMT 91 Deal Structure: Se</a> <a title="Proskauer 2017 IPO Study page 94" href="http://viewer.zmags.com/publication/fc64f8b9?page=94"> 92 2017 IPO Study Lock-Ups & Carve-Ou</a> <a title="Proskauer 2017 IPO Study page 95" href="http://viewer.zmags.com/publication/fc64f8b9?page=95"> 2017 IPO Study TMT 93 Sponsor-Backed </a> <a title="Proskauer 2017 IPO Study page 96" href="http://viewer.zmags.com/publication/fc64f8b9?page=96"> </a> <a title="Proskauer 2017 IPO Study page 97" href="http://viewer.zmags.com/publication/fc64f8b9?page=97"> 12 2015 IPO Study Section Title </a> <a title="Proskauer 2017 IPO Study page 98" href="http://viewer.zmags.com/publication/fc64f8b9?page=98"> 96 2017 IPO Study E&P Executive Summa</a> <a title="Proskauer 2017 IPO Study page 99" href="http://viewer.zmags.com/publication/fc64f8b9?page=99"> 2017 IPO Study Energy & Power 97 Ener</a> <a title="Proskauer 2017 IPO Study page 100" href="http://viewer.zmags.com/publication/fc64f8b9?page=100"> 98 2017 IPO Study Confidential Submissio</a> <a title="Proskauer 2017 IPO Study page 101" href="http://viewer.zmags.com/publication/fc64f8b9?page=101"> 2017 IPO Study Energy & Power 99 Acco</a> <a title="Proskauer 2017 IPO Study page 102" href="http://viewer.zmags.com/publication/fc64f8b9?page=102"> 100 2017 IPO Study Net Income/Loss & Ad</a> <a title="Proskauer 2017 IPO Study page 103" href="http://viewer.zmags.com/publication/fc64f8b9?page=103"> 2017 IPO Study Energy & Power 101 SEC C</a> <a title="Proskauer 2017 IPO Study page 104" href="http://viewer.zmags.com/publication/fc64f8b9?page=104"> 102 2017 IPO Study Timing Timing* » </a> <a title="Proskauer 2017 IPO Study page 105" href="http://viewer.zmags.com/publication/fc64f8b9?page=105"> 2017 IPO Study Energy & Power 103 IPO F</a> <a title="Proskauer 2017 IPO Study page 106" href="http://viewer.zmags.com/publication/fc64f8b9?page=106"> 104 2017 IPO Study Deal Structure: Seconda</a> <a title="Proskauer 2017 IPO Study page 107" href="http://viewer.zmags.com/publication/fc64f8b9?page=107"> 2017 IPO Study Energy & Power 105 Lock-</a> <a title="Proskauer 2017 IPO Study page 108" href="http://viewer.zmags.com/publication/fc64f8b9?page=108"> 106 2017 IPO Study Sponsor-Backed IPOs </a> <a title="Proskauer 2017 IPO Study page 109" href="http://viewer.zmags.com/publication/fc64f8b9?page=109"> 14 2015 IPO Study Section Title </a> <a title="Proskauer 2017 IPO Study page 110" href="http://viewer.zmags.com/publication/fc64f8b9?page=110"> 108 2017 IPO Study Financial Services E</a> <a title="Proskauer 2017 IPO Study page 111" href="http://viewer.zmags.com/publication/fc64f8b9?page=111"> 2017 IPO Study Financial Services 109 F</a> <a title="Proskauer 2017 IPO Study page 112" href="http://viewer.zmags.com/publication/fc64f8b9?page=112"> 110 2017 IPO Study Confidential Submission</a> <a title="Proskauer 2017 IPO Study page 113" href="http://viewer.zmags.com/publication/fc64f8b9?page=113"> 2017 IPO Study Financial Services 111 A</a> <a title="Proskauer 2017 IPO Study page 114" href="http://viewer.zmags.com/publication/fc64f8b9?page=114"> 112 2017 IPO Study Net Income/Loss & Ad</a> <a title="Proskauer 2017 IPO Study page 115" href="http://viewer.zmags.com/publication/fc64f8b9?page=115"> 2017 IPO Study Financial Services 113 S</a> <a title="Proskauer 2017 IPO Study page 116" href="http://viewer.zmags.com/publication/fc64f8b9?page=116"> 114 2017 IPO Study Timing Timing* » </a> <a title="Proskauer 2017 IPO Study page 117" href="http://viewer.zmags.com/publication/fc64f8b9?page=117"> 2017 IPO Study Financial Services 115 C</a> <a title="Proskauer 2017 IPO Study page 118" href="http://viewer.zmags.com/publication/fc64f8b9?page=118"> 116 2017 IPO Study IPO Fees and Expense</a> <a title="Proskauer 2017 IPO Study page 119" href="http://viewer.zmags.com/publication/fc64f8b9?page=119"> 2017 IPO Study Financial Services 117 Deal</a> <a title="Proskauer 2017 IPO Study page 120" href="http://viewer.zmags.com/publication/fc64f8b9?page=120"> 118 2017 IPO Study Deal Structure: DSPs</a> <a title="Proskauer 2017 IPO Study page 121" href="http://viewer.zmags.com/publication/fc64f8b9?page=121"> 2017 IPO Study Financial Services 119 L</a> <a title="Proskauer 2017 IPO Study page 122" href="http://viewer.zmags.com/publication/fc64f8b9?page=122"> 120 2017 IPO Study Sponsor-Backed IPOs </a> <a title="Proskauer 2017 IPO Study page 123" href="http://viewer.zmags.com/publication/fc64f8b9?page=123"> 16 2015 IPO Study Section Title </a> <a title="Proskauer 2017 IPO Study page 124" href="http://viewer.zmags.com/publication/fc64f8b9?page=124"> 122 2017 IPO Study Industrials Executiv</a> <a title="Proskauer 2017 IPO Study page 125" href="http://viewer.zmags.com/publication/fc64f8b9?page=125"> 2017 IPO Study Industrials 123 Industri</a> <a title="Proskauer 2017 IPO Study page 126" href="http://viewer.zmags.com/publication/fc64f8b9?page=126"> 124 2017 IPO Study Emerging Growth Comp</a> <a title="Proskauer 2017 IPO Study page 127" href="http://viewer.zmags.com/publication/fc64f8b9?page=127"> 2017 IPO Study Industrials 125 Accounti</a> <a title="Proskauer 2017 IPO Study page 128" href="http://viewer.zmags.com/publication/fc64f8b9?page=128"> 126 2017 IPO Study Net Income/Loss & Ad</a> <a title="Proskauer 2017 IPO Study page 129" href="http://viewer.zmags.com/publication/fc64f8b9?page=129"> 2017 IPO Study Industrials 127 SEC Comm</a> <a title="Proskauer 2017 IPO Study page 130" href="http://viewer.zmags.com/publication/fc64f8b9?page=130"> 128 2017 IPO Study Timing Timing* » </a> <a title="Proskauer 2017 IPO Study page 131" href="http://viewer.zmags.com/publication/fc64f8b9?page=131"> 2017 IPO Study Industrials 129 Corporat</a> <a title="Proskauer 2017 IPO Study page 132" href="http://viewer.zmags.com/publication/fc64f8b9?page=132"> 130 2017 IPO Study IPO Fees and Expense</a> <a title="Proskauer 2017 IPO Study page 133" href="http://viewer.zmags.com/publication/fc64f8b9?page=133"> 2017 IPO Study Industrials 131 Deal Struct</a> <a title="Proskauer 2017 IPO Study page 134" href="http://viewer.zmags.com/publication/fc64f8b9?page=134"> 132 2017 IPO Study Lock-Ups & Carve-Out</a> <a title="Proskauer 2017 IPO Study page 135" href="http://viewer.zmags.com/publication/fc64f8b9?page=135"> 2017 IPO Study Industrials 133 Sponsor-</a> <a title="Proskauer 2017 IPO Study page 136" href="http://viewer.zmags.com/publication/fc64f8b9?page=136"> </a> <a title="Proskauer 2017 IPO Study page 137" href="http://viewer.zmags.com/publication/fc64f8b9?page=137"> 18 2015 IPO Study Section Title </a> <a title="Proskauer 2017 IPO Study page 138" href="http://viewer.zmags.com/publication/fc64f8b9?page=138"> 136 2017 IPO Study Consumer/Retail Exec</a> <a title="Proskauer 2017 IPO Study page 139" href="http://viewer.zmags.com/publication/fc64f8b9?page=139"> 2017 IPO Study Consumer/Retail 137 Cons</a> <a title="Proskauer 2017 IPO Study page 140" href="http://viewer.zmags.com/publication/fc64f8b9?page=140"> 138 2017 IPO Study Confidential Submission</a> <a title="Proskauer 2017 IPO Study page 141" href="http://viewer.zmags.com/publication/fc64f8b9?page=141"> 2017 IPO Study Consumer/Retail 139 Acco</a> <a title="Proskauer 2017 IPO Study page 142" href="http://viewer.zmags.com/publication/fc64f8b9?page=142"> 140 2017 IPO Study Net Income/Loss & Ad</a> <a title="Proskauer 2017 IPO Study page 143" href="http://viewer.zmags.com/publication/fc64f8b9?page=143"> 2017 IPO Study Consumer/Retail 141 SEC </a> <a title="Proskauer 2017 IPO Study page 144" href="http://viewer.zmags.com/publication/fc64f8b9?page=144"> 142 2017 IPO Study Timing Timing* » </a> <a title="Proskauer 2017 IPO Study page 145" href="http://viewer.zmags.com/publication/fc64f8b9?page=145"> 2017 IPO Study Consumer/Retail 143 Corp</a> <a title="Proskauer 2017 IPO Study page 146" href="http://viewer.zmags.com/publication/fc64f8b9?page=146"> 144 2017 IPO Study IPO Fees and Expense</a> <a title="Proskauer 2017 IPO Study page 147" href="http://viewer.zmags.com/publication/fc64f8b9?page=147"> 2017 IPO Study Consumer/Retail 145 Deal St</a> <a title="Proskauer 2017 IPO Study page 148" href="http://viewer.zmags.com/publication/fc64f8b9?page=148"> 146 2017 IPO Study Lock-Ups & Carve-Out</a> <a title="Proskauer 2017 IPO Study page 149" href="http://viewer.zmags.com/publication/fc64f8b9?page=149"> 2017 IPO Study Consumer/Retail 147 Spon</a> <a title="Proskauer 2017 IPO Study page 150" href="http://viewer.zmags.com/publication/fc64f8b9?page=150"> 19 2015 IPO Study Section Title</a> <a title="Proskauer 2017 IPO Study page 151" href="http://viewer.zmags.com/publication/fc64f8b9?page=151"> 20 2015 IPO Study Section Title </a> <a title="Proskauer 2017 IPO Study page 152" href="http://viewer.zmags.com/publication/fc64f8b9?page=152"> A2 2017 IPO Study FPI Market Analysis </a> <a title="Proskauer 2017 IPO Study page 153" href="http://viewer.zmags.com/publication/fc64f8b9?page=153"> 2017 IPO Study FPI Appendix A3 FPI Mar</a> <a title="Proskauer 2017 IPO Study page 154" href="http://viewer.zmags.com/publication/fc64f8b9?page=154"> A4 2017 IPO Study FPI Market Analysis </a> <a title="Proskauer 2017 IPO Study page 155" href="http://viewer.zmags.com/publication/fc64f8b9?page=155"> 2017 IPO Study FPI Appendix A5 Confidenti</a> <a title="Proskauer 2017 IPO Study page 156" href="http://viewer.zmags.com/publication/fc64f8b9?page=156"> A6 2017 IPO Study Revenue, Net Income/</a> <a title="Proskauer 2017 IPO Study page 157" href="http://viewer.zmags.com/publication/fc64f8b9?page=157"> 2017 IPO Study FPI Appendix A7 IPO Fee</a> <a title="Proskauer 2017 IPO Study page 158" href="http://viewer.zmags.com/publication/fc64f8b9?page=158"> A8 2017 IPO Study Deal Structure: Seconda</a> <a title="Proskauer 2017 IPO Study page 159" href="http://viewer.zmags.com/publication/fc64f8b9?page=159"> 2017 IPO Study FPI Appendix A9 FPI Acc</a> <a title="Proskauer 2017 IPO Study page 160" href="http://viewer.zmags.com/publication/fc64f8b9?page=160"> A10 2017 IPO Study FPIs Trend Analysis </a> <a title="Proskauer 2017 IPO Study page 161" href="http://viewer.zmags.com/publication/fc64f8b9?page=161"> 2017 IPO Study FPI Appendix A11 FPIs Tre</a> <a title="Proskauer 2017 IPO Study page 162" href="http://viewer.zmags.com/publication/fc64f8b9?page=162"> Thank You A very special thanks to Anthony McInt</a> <a title="Proskauer 2017 IPO Study page 163" href="http://viewer.zmags.com/publication/fc64f8b9?page=163"> Global Capital Markets Chicago Michael J. Cho</a> <a title="Proskauer 2017 IPO Study page 164" href="http://viewer.zmags.com/publication/fc64f8b9?page=164"> Beijing Suite 5102, 51/F Beijing Yintai Centre To</a>