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”
US Weekly IPO and SPAC Monitor: Fitell, Sacks Parente Golf, Vitro Biopharma
IPO pricings continued to pick up with the stock market rally. There were five in the past week, three on the docket for the week ahead. Sacks Parente Golf (SPGC) plans to raise $14 million at a $70 million market cap. Holdover Fitell (FTEL) may raise $17 million at a $61 million market cap. Vitro Biopharma (VTRO) plans to raise $10 million at a $37 million market cap. Last week US-based appliance maker SharkNinja (SN) completing its direct distribution in … Continue reading “US Weekly IPO and SPAC Monitor: Fitell, Sacks Parente Golf, Vitro Biopharma”
US Weekly IPO and SPAC Monitor: SharkNinja, Pixie Dust, Fitell, NeurAxis
After busy week there are four or more companies on the docket to list in the week ahead. US-based appliance maker SharkNinja (SN) is the largest listing. We have IPOs from Japanese device maker Pixie Dust Technologies (PXDT), Australian gym and fitness equipment retailer Fitell (FTEL) and NeurAxis (NRXS) with plans to list. There were seven IPO and SPACs last week that priced led by the year’s first direct listing Surf Air Mobility (SRFM) opening 75% below its reference price … Continue reading “US Weekly IPO and SPAC Monitor: SharkNinja, Pixie Dust, Fitell, NeurAxis”
US Weekly IPO and SPAC Monitor: First Direct Listing Surf Air Mobility to Price
We had three IPO’S’s price this week, the star was DTC retailer ODDITY Tech (ODD) priced above the raised range to raise $424 million at a $2.2 billion market cap. ODD finished the week up 50%. Turnstone Biologics (TSBX) priced at the low end to raise $80 million at a $274 million market cap, with shares closing down 8%. Uplisting from the OTC, BioNexus Gene Lab (BGLC) raised $5 million at a $63 million market cap and finished up 49%. After some … Continue reading “US Weekly IPO and SPAC Monitor: First Direct Listing Surf Air Mobility to Price”
US Weekly IPO and SPAC Monitor: ODDITY Tech, Opti-Harvest to Price
Two Biotech’s priced this week along with two blank check companies. Apogee Therapeutics (APGE) upsized and priced at the high end to raise $300 million at an $815 million market cap. Apogee finished up 25%. Previously delayed Sagimet Biosciences (SGMT) priced a slightly upsized deal at the midpoint to raise $85 million at a $386 million market cap. Sagimet finished flat. Direct listing Surf Air Mobility (SRFM) delayed and is expected to price later in the month. In the week … Continue reading “US Weekly IPO and SPAC Monitor: ODDITY Tech, Opti-Harvest to Price”
US Weekly IPO and SPAC Monitor: Direct Listing Surf Air Mobility, Opti-Harvest to Price
In the holiday shortened week we did see just IPO price this week, after seven companies priced IPOs the prior week, four of which raised $100+ million. Oft delayed Hong Kong-based wealth manager Prestige Wealth (PWM) raised $5 million at a $45 million market cap and finished up 282%. Two companies are scheduled to price in the week ahead. Aviation company Surf Air Mobility (SRFM) is on the docket to complete the first direct listing of 2023. Previously delayed agriculture … Continue reading “US Weekly IPO and SPAC Monitor: Direct Listing Surf Air Mobility, Opti-Harvest to Price”