US IPO Issuance in August Highest For 2022

With IPO interest on pace for its worst year in decades it came as a surprise that in August, the traditionally slow month with Europe on holidays monthly issuance hit double digits for the first time this year. There were 12 small IPOs issued, raising a combined $196 million. The largest deal raised just $36 million, and the median deal size remained low at $15 million. Renaissance Capital said August IPOs averaged a return of over 1,000% from offer due … Continue reading “US IPO Issuance in August Highest For 2022”

US Weekly IPO and SPAC Monitor: B2B Marketplace GigaCloud, Technology PaxMedica, Graphex and Innovative Eyewear

IPO interest has picked up with the stock market rally. August is traditional a slow time in the market with European holidays, and this year after the market crashing the IPO market has been in the doldrums but is showing some life. Next week we have GigaCloud Technology (GCT) planning to raise $28 million at a $447 million market cap. Phase 2 Biotech PaxMedica (PXMD) plans to raise $8 million at an $80 million market cap. Innovative Eyewear (LUCY) raised $7.4 million. Graphex (GRFX) … Continue reading “US Weekly IPO and SPAC Monitor: B2B Marketplace GigaCloud, Technology PaxMedica, Graphex and Innovative Eyewear”

US Weekly IPO and SPAC Monitor: Quiet August Start with Forza X1 FRZA. Magic Empire Global MEGL and Bruush BRSH

August is traditional a slow time in the market with European holidays, this year after the market crashing the IPO market is even quieter with just one IPO scheduled to price this week ahead. Electric boat developer Forza X1 FRZA plans to raise $15 million at a $50 million market cap. Other small deals may also join during the week. Last week two deals priced Hong Kong-based Magic Empire Global (MEGL) which grabbed some $HD mania and finished up 2325%. The other … Continue reading “US Weekly IPO and SPAC Monitor: Quiet August Start with Forza X1 FRZA. Magic Empire Global MEGL and Bruush BRSH”