US Weekly IPO and SPAC Monitor: Year’s Largest Insurance Pricing Hamilton Group

November saw three new IPO issues trading, all priced at the low end. Mortgage broker Pineapple Financial (PAPL) raised $4 million at a $29 million market cap and finished down 54%. Biotech Lexeo Therapeutics (LXEO) raised $100 million at a $282 million market cap and closed down 9%. Tech services provider Alpha Technology Group (ATGL) raised $7 million at a $60 million market cap and finished the week up 47%. Four small Asia-based companies submitted initial filings. In the week ahead we … Continue reading “US Weekly IPO and SPAC Monitor: Year’s Largest Insurance Pricing Hamilton Group”

US Weekly IPO and SPAC Monitor: Shimmick Infrastructure, Pineapple Financial

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”