US Weekly IPO and SPAC Monitor: Cummins Spin-off Atmus Filtration, Dermatology Biotech Azitra

In a very quiet IPO period, there were just two small deals priced this past week, projection screen maker Strong Global Entertainment (SGE) which finished the week down 11% and middle-market asset manager CaliberCos (CWD) which finished up 31%. Restaurant chain CAVA Group (CAVA) filed to raise $100 million. In the week ahead with have two companies scheduled to list. Cummins spin-off Atmus Filtration (ATMU), primarily operating under the Fleetguard brand is the headliner. Holdover Dermatology biotech Azitra (AZTR) is … Continue reading “US Weekly IPO and SPAC Monitor: Cummins Spin-off Atmus Filtration, Dermatology Biotech Azitra”

US Weekly IPO and SPAC Monitor: Dermatology Biotech Azitra, Vietnamese EV VinFast

Perhaps no surprise with the regional bank maelstrom and the debt ceiling mess no IPOs began trading or submitted initial filings this past week. The lone scheduled deal to list, Projection screen maker Strong Global Entertainment (SGE) which is being spun out of FG Group (NYSE American: FGH), delayed to the week ahead. Dermatology biotech Azitra (AZTR) also plans to list in the week ahead. The IPO pipeline did get notable updates. Vietnamese EV maker VinFast (VFS) announced De-Spac plans. … Continue reading “US Weekly IPO and SPAC Monitor: Dermatology Biotech Azitra, Vietnamese EV VinFast”

US Weekly IPO and SPAC Monitor: Projection Screen Maker Strong Global Entertainment

We had two large IPO’s price this week, Johnson and Johnson’s (JNJ) consumer health unit Kenvue (KVUE) and inflammatory disease biotech ACELYRIN (SLRN). The two deals raised a combined $4.3 billion, and both delivered solid trading in their debuts. We also had two blank check IPOs price this past week: Asia-focused Golden Star Acquisition (GODNU) and deep tech-focused Alchemy Investments Acquisition 1 (ALCYU). Just one IPO is scheduled to list in the week ahead, although other pending issuers may price … Continue reading “US Weekly IPO and SPAC Monitor: Projection Screen Maker Strong Global Entertainment”

US Weekly IPO and SPAC Monitor: JNJ Spinoff Kenvue and biotech ACELYRIN

We have two large IPO’s scheduled to price in the week ahead. Johnson and Johnson (JNJ) set terms for floating off it’s consumer health unit Kenvue (KVUE), setting terms for its $3.3 billion listing on Monday. We also have Inflammatory disease biotech ACELYRIN (SLRN) planning to raise $350 million at a $1.5 billion market cap. We just saw one small IPO begin trading last week, Fitness equipment brand Interactive Strength (TRNR) and finished down 17%. Six Chinese IPOs submitted initial … Continue reading “US Weekly IPO and SPAC Monitor: JNJ Spinoff Kenvue and biotech ACELYRIN”

US Weekly IPO and SPAC Monitor: Busy Week 6 IPOs Priced TCJH, JYD, USGO, TPET, WLGS and UCAR

In a busy week six IPOs prices last week, however there are no companies on the list in the week ahead, although some holdovers may join through the week such as Fitness equipment brand Interactive Strength (TRNR). Of the new listings, Top KingWin (TCJH), Jayud Global Logistics (JYD), U.S. GoldMining (USGO) and Trio Petroleum (TPET) all closed below issue price. WANG & LEE GROUP (WLGS) rose 26% on its debut. U Power (UCAR) UCAR surged as high as $75, up … Continue reading “US Weekly IPO and SPAC Monitor: Busy Week 6 IPOs Priced TCJH, JYD, USGO, TPET, WLGS and UCAR”

US Weekly IPO and SPAC Monitor: China’s Jayud Global Logistics, WANG & LEE

There are four companies on the list in the week ahead, Hong Kong-based contractor WANG & LEE GROUP (WLGS) plans to raise $8 million at a $75 million market cap. Jayud Global Logistics (JYD) plans to raise $7 million at a $97 million market cap. Holdovers U Power (UCAR) and early-stage gold-copper mining company U.S. GoldMining (USGO) delayed to this week. The market priced three IPOs last week, Singapore-based cancer biotech CytoMed Therapeutics (GDTC) raised $10 million and finished flat. … Continue reading “US Weekly IPO and SPAC Monitor: China’s Jayud Global Logistics, WANG & LEE”

US Weekly IPO and SPAC Monitor: CytoMed Therapeutics, U.S. GoldMining and U Power

There are three companies on the list in the week ahead, holdover U Power (UCAR) plans to raise $18 million at a $368 million market cap in the coming week. Singapore-based cancer biotech CytoMed Therapeutics (GDTC) plans to raise $11 million at a $51 million market cap. Early-stage gold-copper mining company U.S. GoldMining (USGO) plans to raise $15 million at a $117 million market cap. The market priced four IPOs last week, the star was Singapore-based Multi Ways Group (MWG) soared more … Continue reading “US Weekly IPO and SPAC Monitor: CytoMed Therapeutics, U.S. GoldMining and U Power”

US Weekly IPO and SPAC Monitor: U Power, Multi Ways and Golden Heaven

The market priced eight IPOs last week, Himalaya Shipping (HSHP), Hitek Global (HKIT), SYLA Technologies (SYT), YanGuFang International Group (YGF), Shengfeng Development (SFWL), Jin Medical International (ZJYL), Chanson International (CHSN), and Hongli Group (HLP). Two SPACs priced this week, TMT Acquisition (TMTCU) plans to target businesses in Asia, and Trailblazer Merger I (TBMCU) plans to target the US technology industry. In the week ahead five small Asian issuers due to price. Chinese battery-swapping station developer U Power (UCAR) Singapore-based Multi … Continue reading “US Weekly IPO and SPAC Monitor: U Power, Multi Ways and Golden Heaven”

US Weekly IPO and SPAC Monitor: Global Mofy Metaverse, YanGuFang, Millennium

The market priced four IPOs last week, Singapore-based Ohmyhome (OMH) finished up 7%, Bunkering facilitator CBL International (BANL) finished up 10%, Mangoceuticals (MGRX) finished down 38% Clean Energy Technologies (CETY) raised $4 million at a $153 million market cap and uplisted to the Nasdaq. It finished up 3%. In the week ahead four small Chinese companies are currently scheduled to list. Chinese oat and grain products producer YanGuFang International Group (YGF), Chinese amusement and water park operator Golden Heaven Group … Continue reading “US Weekly IPO and SPAC Monitor: Global Mofy Metaverse, YanGuFang, Millennium”

US Weekly IPO and SPAC Monitor: Grain Producer YanGuFang, Golden Heaven Amusement Parks, Mangoceuticals

The market priced two IPOs last week, ASIC chips designer Intchains Group (ICG) finished up 3%. Chinese B2B e-commerce platform provider ICZOOM Group (IZM) finished down 18%. Blank check company Four Leaf Acquisition (FORLU) raised $52 million in a downsized IPO to target the IoT space or adjacent spaces. In the week ahead three small companies scheduled to list. Chinese grain producer YanGuFang International Group (YGF), Chinese amusement park operator Golden Heaven Group Holdings (GDHG) and ED developer Mangoceuticals (MGRX). Three small … Continue reading “US Weekly IPO and SPAC Monitor: Grain Producer YanGuFang, Golden Heaven Amusement Parks, Mangoceuticals”