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”

US Weekly IPO and SPAC Monitor: 7 IPOs Priced; SVV KGS VTMX INTS FIHL GENK AENT

Seven companies priced IPOs this past week, four of which raised $100+ million we also had one blank check company price. Savers Value Village (SVV) upsized and priced above the range to finish the week up 32%. Kodiak Gas Services (KGS) priced well below the range but finished up 2%. GEN Restaurant Group (GENK) upsized and priced at the high end and finished up 42%. Vesta Real Estate (VTMX) finished up 4%. Intensity Therapeutics (INTS) finished up 19%. Fidelis Insurance … Continue reading “US Weekly IPO and SPAC Monitor: 7 IPOs Priced; SVV KGS VTMX INTS FIHL GENK AENT”

US Weekly IPO and SPAC Monitor: Kodiak Gas Services, Savers Value Village, Fidelis Insurance

No companies priced IPOs this past week, the one IPO on the schedule Korean BBQ restaurant chain GEN Restaurant Group (GENK) delayed for a week. There was however activity with five IPO’s to price in the week ahead. Reinsurer Fidelis Insurance (FIHL), natural gas compression firm Kodiak Gas Services (KGS), OTC-listed Alliance Entertainment Holding (AENT) and thrift store chain Savers Value Village (SVV). In the pipeline five filed IPOs; ODDITY Tech (ODD) , Apogee Therapeutics (APGE), Sagimet Biosciences (SGMT), Unifoil … Continue reading “US Weekly IPO and SPAC Monitor: Kodiak Gas Services, Savers Value Village, Fidelis Insurance”

US Weekly IPO and SPAC Monitor: Restaurant Chain Korean BBQ chain Follows CAVA Debut

Three companies priced IPOs this past week, highlight of the week was restaurant chain CAVA Group (CAVA) which launched its $260 million offering and priced above the upwardly revised range. CAVA soared 99% in its debut and finished the week up 73%. Holdover Azitra (AZTR) finally priced and finished down 1%. Snack brand BranchOut Food (BOF) priced and finished down 26%. We also had one SPAC, ESH Acquisition Priced, (ESHAU) led by industry veterans targeting entertainment, sports, and hospitality. Just one IPO … Continue reading “US Weekly IPO and SPAC Monitor: Restaurant Chain Korean BBQ chain Follows CAVA Debut”

US Weekly IPO and SPAC Monitor: Restaurant Chain CAVA Group, BranchOut Food 

Highlight of the week was restaurant chain CAVA Group (CAVA) launched its $260 million offering and is expected to price in the week ahead. Holdover Azitra (AZTR) plans to raise $8 million at a $65 million market cap. Snack brand BranchOut Food (BOF) plans to raise $8 million at a $27 million market cap. We also saw filings from electric air travel company Surf Air Mobility (SRFM), Mexican real estate company Vesta Real Estate (VTMX) and Pixie Dust Technologies (PXDT). There were … Continue reading “US Weekly IPO and SPAC Monitor: Restaurant Chain CAVA Group, BranchOut Food “

US Weekly IPO and SPAC Monitor: Sizable Deals on the Horizon Including Advanced Biomed ADVB

There were no IPOs this Memorial Day shortened week, the pipeline was quiet with no new initial filings. The one scheduled offering Dermatology biotech Azitra (AZTR). delayed again to the week ahead. June could get active with a number of sizable deals that have filed or updated in the past month, including diagnostics company Advanced Biomed (ADVB), restaurant chains CAVA Group (CAVA) and Fogo Hospitality (FOGO), energy plays MN8 Energy (MNX) and Kodiak Gas Services (KGS). US IPO Week Ahead … Continue reading “US Weekly IPO and SPAC Monitor: Sizable Deals on the Horizon Including Advanced Biomed ADVB”

US Weekly IPO and SPAC Monitor: Active June Ahead with Energy plays MN8 Energy (MNX) and Kodiak Gas Services (KGS)

A busier week for SPAC’s and IPO’s, there were two deals priced this past week, Cummins spin-off Atmus Filtration (ATMU) which finished up 11%, Canada-listed ATS Corporation (ATS). We also saw one SPAC, Kingstown Capital’s Inflection Point Acquisition II (IPXXU) upsized to raise $220 million to target businesses in disruptive growth sectors. Six IPOs and one SPAC also submitted initial filings. For Memorial Day week ahead holdover Dermatology biotech Azitra (AZTR). June could get active with a number of sizable … Continue reading “US Weekly IPO and SPAC Monitor: Active June Ahead with Energy plays MN8 Energy (MNX) and Kodiak Gas Services (KGS)”