The past week was busier than many expected, three IPOs, two SPACs and a splattering of initial filings. All three IPO’s priced at the low end. Oncology biotech CARGO Therapeutics (CRGX) raised $281 million at a $611 million market cap and finished the week down 3%. Reinsurer Hamilton Group (HG) raised $225 million at a $1.7 billion market cap and finished the week flat. Cross-border logistics provider Globavend (GVH) raised $6 million at a $59 million market cap and finished … Continue reading “US Weekly IPO and SPAC Monitor: Digital Platform Signing Day Sports, DayDayCook Online”
November saw three new IPO issues trading, all priced at the low end. Mortgage broker Pineapple Financial (PAPL) raised $4 million at a $29 million market cap and finished down 54%. Biotech Lexeo Therapeutics (LXEO) raised $100 million at a $282 million market cap and closed down 9%. Tech services provider Alpha Technology Group (ATGL) raised $7 million at a $60 million market cap and finished the week up 47%. Four small Asia-based companies submitted initial filings. In the week ahead we … Continue reading “US Weekly IPO and SPAC Monitor: Year’s Largest Insurance Pricing Hamilton Group”
Copper prices soared on Monday after weekend data from China to the highest level since August 2014. The move was also fueled by position taking ahead of China’s 19th Communist Party Congress this week.