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”