Ford Sells Almost 8% in Electric Truck Developer Rivian Automotive as Soon as Allowed

Electric truck developer Rivian Automotive raised $11.9 billion to become the largest IPO of 2021. RIVN stock surged as high as $179 per share before crashing in 2022 to $20.88 on Monday following the expiration of the company’s IPO lockup period. Ford Motor sold off about 8% of its stockholdings pushing shares to an all-time low. Ford stock sold off also, down nearly 6% on the day. At one point Ford and Amazon had booked massive unrealized profits on their … Continue reading “Ford Sells Almost 8% in Electric Truck Developer Rivian Automotive as Soon as Allowed”

Smart Safety Syringes Maker Sharps Technology Closes Initial Public Offering

Medical device company Sharps Technology announced the closing of its initial public offering at $4.25 on Friday. The company has patented, best-in-class, single use smart safety syringe products. The common stock and warrants began trading on The Nasdaq Capital Market under the symbols “STSS” and “STSSW,” respectively. Sharps Provensa™ is their premier line of smart safety syringes. The firm says that offer solutions to global healthcare crises such as the 1-2 billion syringe shortage forecasted by the World Health Organization (WHO) … Continue reading “Smart Safety Syringes Maker Sharps Technology Closes Initial Public Offering”

What Can Happen with Overpriced IPOs, Down the Beaten Path, UiPath Earnings

Automation software company UiPath (PATH) shares plunged over 27% wiping out more than $4 billion in market cap after earnings. $PATH beat by $0.02 and beat on revenues BUT guided Q1 revs below consensus and guided FY23 revs below consensus. The stock is now down more than half off its April 2021 IPO price of $56 and 78% from its high at $90. At the time TC warned of the overvaluation and promptly added the stock to the TC dribbler basket. … Continue reading “What Can Happen with Overpriced IPOs, Down the Beaten Path, UiPath Earnings”

US Weekly IPO and SPAC Monitor: Cybersecurity, Cannabidiol and Psychedelics, Cancer and Pregnancy Therapeutics.

Coming into Year end the IPO market is winding down. This week we have just four IPOs scheduled to raise around $50 million for the week. Cerberus Cyber Sentinel (CISO), Incannex Healthcare (IXHL), Intensity Therapeutics (INTS) and Nuvo Group (NUVO) are expected to debut this week. Cerberus Cyber Sentinel (CISO) Cerberus Cyber Sentinel (CISO) based in Scottsdale, Arizona plans to raise $10 million priced at $5 for a $631 million market cap. The company provides a range of cybersecurity consulting and related services, … Continue reading “US Weekly IPO and SPAC Monitor: Cybersecurity, Cannabidiol and Psychedelics, Cancer and Pregnancy Therapeutics.”

US Weekly IPO and SPAC Monitor : IoT Cloud Solutions Developer Samsara Leads

Coming into Year end the IPO market is winding down. This week we have four IPOs scheduled to raise $814 million for the week. IoT solutions developer (IOT) Samsara, CNS biotech Bionomics (BNOX), Fresh Vine Wine (VINE) and Satellite developer Sidus Space (SIDU) are all expected to debut this week. IoT solutions developer Samsara (IOT) Samsara plans to raise $753 million at an $11.6 billion market cap. Samsara is a developer of end-to-end Internet of Things solutions for businesses and provides a cloud-based platform. The … Continue reading “US Weekly IPO and SPAC Monitor : IoT Cloud Solutions Developer Samsara Leads”

US Weekly IPO and SPAC Monitor : Buffett-backed Brazil’s Nubank Lead

Following the Thanksgiving lull the IPO market is expected to pick up with four IPOs scheduled to raise $3.7 billion for the week. Chicago Atlantic Real Estate Finance (REFI) Cloud infrastructure platform HashiCorp (HCP) Austin Gold (AUST) and Buffett-backed Nu Holdings (NU) debut. Cloud infrastructure platform HashiCorp (HCP) Plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and … Continue reading “US Weekly IPO and SPAC Monitor : Buffett-backed Brazil’s Nubank Lead”

US Weekly IPO and SPAC Monitor : Just One IPO Biotech Nuvectis Pharma

Following Thanksgiving week we have just one IPO due. Phase 1-ready biotech Nuvectis Pharma ($NVCT) plans to raise $30 million at a $160 million market cap.  Be aware there is still a chance that a handful of SPACs will price during the week. Phase 1-ready biotech Nuvectis Pharma ($NVCT) plans to raise $30 million at a $160 million market cap. The company is initially focused the development of innovative precision medicines for the treatment of serious unmet medical needs in oncology. Nuvectis is currently … Continue reading “US Weekly IPO and SPAC Monitor : Just One IPO Biotech Nuvectis Pharma”

US Weekly IPO and SPAC Monitor : Just One IPO in Thanksgiving Week

During Thanksgiving week we have just one IPO due. Canadian gold exploration company Holdover Austin Gold (AUST).  Be aware there is still a chance that a handful of SPACs will price during the week. Holdover Austin Gold (AUST) Plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated … Continue reading “US Weekly IPO and SPAC Monitor : Just One IPO in Thanksgiving Week”

German Solar Electric Vehicle Disruptor Sono Group IPO Debut

Germany-based Sono Group NV $SEV raised $150 million at a $1.1 billion market cap. The company is developing what it believes is disruptive solar technology, as well as a solar and battery powered vehicle. Sono Motors is developing the solar electric vehicle (SEV) for the masses, the Sion. It has reached more than 16,000 reservations with advance payments for the Sion, the solar electric vehicle (SEV) for the masses, German disruptive solar technology company Sono Group (SEV) Sono Group N.V. (parent company to … Continue reading “German Solar Electric Vehicle Disruptor Sono Group IPO Debut”

Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ

Australian green bitcoin miner Iris Energy debuted on Nasdaq Wednesday opening at the $US28 IPO price only to sell off sharply. Trading under the symbol $IREN , which accesses abundant or under-utilized renewable energy to power its operations, fell as much as 22% in its first session and closed down 12.7 % at $US24.45. It didn’t help that Bitcoin prices fell though the day. Australia’s Iris Energy (IREN) is an Bitcoin mining company primarily powered by renewable energy raised its initial public … Continue reading “Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ”