US Weekly IPO and SPAC Monitor: Linkage Global and Aspen Holdings

The year is winding down and an already quiet IPO market is but a trickle. We had just the one listing, Japanese e-commerce firm Linkage Global (LGCB) priced at the low end to raise $6 million at an $86 million market cap. Linkage Global finished down 49%. There were a number of new filings getting in before the end of the year. The standout was specialty insurer Aspen Holdings (AHL.RC) which filed for an estimated $500 million raise. There is … Continue reading “US Weekly IPO and SPAC Monitor: Linkage Global and Aspen Holdings”

US Weekly IPO and SPAC Monitor: Renewable Energy Provider SinglePoint, Obesity Focused Fractyl Health

Heading into year end all things are quiet on the IPO front. We saw two smaller IPO price this week, along with one SPAC that began trading. China-based ZKH Group (ZKH) priced at the low end to raise $62 million at a $2.6 billion market cap. ZKH Group finished flat. SinglePoint (SING) uplisted to the BZX after raising $4 million at a $31 million market cap. It finished down 43%. Steel framing manufacturer INNO HOLDINGS (INHD) also began trading after … Continue reading “US Weekly IPO and SPAC Monitor: Renewable Energy Provider SinglePoint, Obesity Focused Fractyl Health”

US Weekly IPO and SPAC Monitor: Steel Framing INNO, ZKH, Video Game Maker RoyaLand

We saw just one smaller IPO price this week, along with one SPAC that began trading. Steel framing manufacturer INNO HOLDINGS (INHD), priced at the low end to raise $10 million at an $83 million market cap. INNO did not begin trading after pricing; it’s scheduled to debut in the week ahead. SPAC, blank check company Aimei Health Technology (AFJKU) began trading on Monday after raising $60 million the prior week. It plans to target small-cap healthcare businesses. It closed … Continue reading “US Weekly IPO and SPAC Monitor: Steel Framing INNO, ZKH, Video Game Maker RoyaLand”

US Weekly IPO and SPAC Monitor: Hong Kong’s Garden Stage and FenBo

We saw just two smaller holdover Hong Kong based IPOs price this week. Hong Kong-based financial services firm Garden Stage offered more shares and priced at the low end to raise $10 million at a $64 million market cap. GSIW popped 155% first day. Hong Kong-based hair appliance maker Fenbo Holdings raised $5 million at a $55 million market cap. FEBO finished flat. In the week ahead no IPOs are expected as we come to year end. However, with the … Continue reading “US Weekly IPO and SPAC Monitor: Hong Kong’s Garden Stage and FenBo”

US Weekly IPO and SPAC Monitor: UL Solutions (ULS), Chinese EV brand ZEEKR (ZK), Fortegra (TFG) Filings.

We saw a number of smaller holdover IPOs price this week Four smaller IPOs priced this past week and one SPAC. Hong Kong-based DDC Enterprise (DDC) downsized and priced below the range to raise $33 million at a $180 million market cap. DDC finished down 27%. Construction firm Shimmick (SHIM) downsized and priced well below the range to raise $25 million at a $203 million market cap. Shimmick finished down 4%. Service robot developer Richtech Robotics (RR) raised $11 million … Continue reading “US Weekly IPO and SPAC Monitor: UL Solutions (ULS), Chinese EV brand ZEEKR (ZK), Fortegra (TFG) Filings.”

US Weekly IPO and SPAC Monitor: Digital Platform Signing Day Sports, DayDayCook Online

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”

US Weekly IPO and SPAC Monitor: Year’s Largest Insurance Pricing Hamilton Group

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”

US Weekly IPO and SPAC Monitor: Shimmick Infrastructure, Pineapple Financial

Two companies floated this week this week. Oil and gas producer Mach Natural Resources (MNR) priced at the bottom of the range to raise $190 million at a $1.8 billion market cap and finished the week down -1%. Short-term rental operator reAlpha Tech (AIRE) completed its direct listing on the Nasdaq and finished up 1% from its opening price at week’s end. Three SPACs and three IPOs submitted initial filings. In the week ahead two listings are on deck. Water … Continue reading “US Weekly IPO and SPAC Monitor: Shimmick Infrastructure, Pineapple Financial”

US Weekly IPO and SPAC Monitor: Abivax, Northann, Mach Natural Resources

Fresh from the disappointment of the Birkenstock IPO and a declining stock market has interest rates soared two large IPOs were launched, one priced, and two sizable deals submitted new filings. In the week ahead Mach Natural Resources (MNR), an oil and gas driller in the Anadarko Basin is scheduled to price. This week France’s biotech Abivax (ABVX) priced at the low end to raise $236 million at a $760 million market cap and finished down 28%. Singapore-based e-commerce platform … Continue reading “US Weekly IPO and SPAC Monitor: Abivax, Northann, Mach Natural Resources”

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”