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”
US Weekly IPO and SPAC Monitor: Birkenstock Joins Largest Consumer Discretionary IPOs
A quiet week for the new quarter with one small issuer and two SPACS going public. Specialty grocer Maison Solutions raised $10 million at a $74 million market cap. After a 120% pop $MSS finished the week up 83%. For the week ahead the much awaited 250-year-old sandal brand Birkenstock (BIRK) is launching its $1.5 billion IPO, which would be one of the largest consumer discretionary IPOs of the past two decades. In the past 20 years, only nine consumer … Continue reading “US Weekly IPO and SPAC Monitor: Birkenstock Joins Largest Consumer Discretionary IPOs”
US Weekly IPO and SPAC Monitor: Holdovers Adlai Nortye, VS Media and Lead Real Estate Priced
The last week of the third quarter delivered four IPOs and eight names into the pipeline. Oncology biotech Adlai Nortye raised $58 million at an $849 million market cap. ANL finished the week down 35%. VS Media raised $10 million at a $110 million market cap. VSME finished the week down 14%. Lead Real Estate raised $8 million at a $95 million market cap. LRE finished the week down 30%. Gamer Pakistan raised $7 million at a $102 million market … Continue reading “US Weekly IPO and SPAC Monitor: Holdovers Adlai Nortye, VS Media and Lead Real Estate Priced”
US Weekly IPO and SPAC Monitor: Birkenstock to Follow Instacart and Klaviyo
A busy week for the IPO market with grocery deliver platform Instacart (CART) and marketing SaaS company Klaviyo (KVYO) with what ended up looking like a pump and dump as the general markets slumped. We saw both ‘hot’ IPO prices on the first day price high on opening only to fall sharply, but still both finished at or above the offer. Instacart finished flat. Klaviyo finished up 11%. Turbo Energy (TURB) priced at the low end and finished flat. Davis … Continue reading “US Weekly IPO and SPAC Monitor: Birkenstock to Follow Instacart and Klaviyo”