US Weekly IPO and SPAC Monitor: Birkenstock IPO Flop Puts New Issues on Hold

The week was highlighted by the flop of the much awaited 250-year-old sandal brand Birkenstock (BIRK) $1.5 billion IPO, one of the largest consumer discretionary IPOs of the past two decades. The reaction was not a surprise after the selloffs in $ARM and $CART after big pops and selloffs. Birkenstock fell 13% on its first day and finished the week down 21%. There are currently no deals scheduled for the week ahead as the IPO market pauses to digest the … Continue reading “US Weekly IPO and SPAC Monitor: Birkenstock IPO Flop Puts New Issues on Hold”

US Weekly IPO and SPAC Monitor: Birkenstock Joins Largest Consumer Discretionary IPOs

A quiet week for the new quarter with one small issuer and two SPACS going public. Specialty grocer Maison Solutions raised $10 million at a $74 million market cap. After a 120% pop $MSS finished the week up 83%. For the week ahead the much awaited 250-year-old sandal brand Birkenstock (BIRK) is launching its $1.5 billion IPO, which would be one of the largest consumer discretionary IPOs of the past two decades. In the past 20 years, only nine consumer … Continue reading “US Weekly IPO and SPAC Monitor: Birkenstock Joins Largest Consumer Discretionary IPOs”

US Weekly IPO and SPAC Monitor: Holdovers Adlai Nortye, VS Media and Lead Real Estate Priced

The last week of the third quarter delivered four IPOs and eight names into the pipeline. Oncology biotech Adlai Nortye raised $58 million at an $849 million market cap. ANL finished the week down 35%. VS Media raised $10 million at a $110 million market cap. VSME finished the week down 14%. Lead Real Estate raised $8 million at a $95 million market cap. LRE finished the week down 30%. Gamer Pakistan raised $7 million at a $102 million market … Continue reading “US Weekly IPO and SPAC Monitor: Holdovers Adlai Nortye, VS Media and Lead Real Estate Priced”

US Weekly IPO and SPAC Monitor: Birkenstock to Follow Instacart and Klaviyo

A busy week for the IPO market with grocery deliver platform Instacart (CART) and marketing SaaS company Klaviyo (KVYO) with what ended up looking like a pump and dump as the general markets slumped. We saw both ‘hot’ IPO prices on the first day price high on opening only to fall sharply, but still both finished at or above the offer. Instacart finished flat. Klaviyo finished up 11%. Turbo Energy (TURB) priced at the low end and finished flat. Davis … Continue reading “US Weekly IPO and SPAC Monitor: Birkenstock to Follow Instacart and Klaviyo”

US Weekly IPO and SPAC Monitor: Instacart, Klaviyo, XJet Follow ARM in The Pipeline

The past week’s highlight was Softbank’s IPO of chip designer Arm Holdings’ (ARM) IPO. This successful debut buoyed investor sentiment and hopes this year’s stagnant IPO activity may find life. There were five IPOs that raised a combined $5.4 billion this past week. Arm, the largest IPO of 2023 so far, raised $4.9 billion of that and finished the week up 19%. For the week ahead we have another five deals, led by the IPO market’s first US tech unicorns in nearly … Continue reading “US Weekly IPO and SPAC Monitor: Instacart, Klaviyo, XJet Follow ARM in The Pipeline”

US Weekly IPO and SPAC Monitor: SoftBank’s Arm $5 billion IPO Oversubscribed Six Times

While all the talk has been about Softback’s software segment’s chip designer Arm (ARM) IPO estimated to be up to $5 billion, which is oversubscribed six times and due to list next week, we did have some listings this week. Hong Kong-based brokerage Solowin Holdings downsized and priced at the low end to raise $8 million at a $56 million market cap. SWIN finished up 23%. Podcast producer Courtside Group completed its direct listing on the Nasdaq. PODC finished up … Continue reading “US Weekly IPO and SPAC Monitor: SoftBank’s Arm $5 billion IPO Oversubscribed Six Times”

US Weekly IPO and SPAC Monitor: Softbank Semiconductor Arm, Gamer Pakistan

Another quiet week for IPO listings, just the one, veterinary hospital operator Inspire Veterinary Partners (IVP) priced at the low end to raise $6 million at a $41 million market cap and finished the week down 20%. Again, holdover biotech Adlai Nortye (ANL) did not price. In the week ahead focus is on Softback’s software segment’s chip designer Arm (ARM) IPO estimated to be up to $6 billion which would be the largest offering since late 2021 (RIVN). Arm (ARM) … Continue reading “US Weekly IPO and SPAC Monitor: Softbank Semiconductor Arm, Gamer Pakistan”

US Weekly IPO and SPAC Monitor: Arm, Instacart, VNG, RayzeBio, Klaviyo, Neumora Enter Pipeline

The pipeline saw activity this week, while we saw no new listings. In the week ahead we have holdover oncology biotech Adlai Nortye (ANL) planning to list. Depending on market conditions small issuers may also join the calendar during the week. Last week Softback’s software segment’s chip designer Arm (ARM) and grocery delivery platform Instacart (CART) filed for IPOs estimated to be up to $6 billion and $1 billion, respectively. Arm would be the largest offering since late 2021 (RIVN). … Continue reading “US Weekly IPO and SPAC Monitor: Arm, Instacart, VNG, RayzeBio, Klaviyo, Neumora Enter Pipeline”

US Weekly IPO and SPAC Monitor: RoyaLand, Fogo Hospitality

The week saw three IPO issues price and one SPAC. Fogo Hospitality (FOGO) which had been on file for an IPO since 2021, was acquired by Bain Capital this past week for $1.1 billion. We have holdovers on the docket for the week ahead. We have oncology biotech Adlai Nortye (ANL), Sacks Parente Golf (SPGC), Nature Wood Group (NWGL) and video game creator RoyaLand (RLND). We could get other small issuers list as has been the pattern. Premium golf putter … Continue reading “US Weekly IPO and SPAC Monitor: RoyaLand, Fogo Hospitality”

US Weekly IPO and SPAC Monitor: VinFast, Better SPACs, Nature Wood, Adlai Nortye

The week saw three IPO issues price and two big SPAC mergers including one of the biggest SPAC deals of all time, Black Spade Acquisition (BSAQ) shareholders approved its merger with Vietnamese EV maker VinFast valuing VinFast at $27 billion. Aurora Acquisition (AURC) shareholders also approved the company’s proposed merger with mortgage lender Better, valuing Better at $8 billion. We have three listings on the docket for the week ahead. We have oncology biotech Adlai Nortye (ANL), Sacks Parente Golf … Continue reading “US Weekly IPO and SPAC Monitor: VinFast, Better SPACs, Nature Wood, Adlai Nortye”