We saw a number of smaller holdover IPOs price this week Four smaller IPOs priced this past week and one SPAC. Hong Kong-based DDC Enterprise (DDC) downsized and priced below the range to raise $33 million at a $180 million market cap. DDC finished down 27%. Construction firm Shimmick (SHIM) downsized and priced well below the range to raise $25 million at a $203 million market cap. Shimmick finished down 4%. Service robot developer Richtech Robotics (RR) raised $11 million … Continue reading “US Weekly IPO and SPAC Monitor: UL Solutions (ULS), Chinese EV brand ZEEKR (ZK), Fortegra (TFG) Filings.”
US Weekly IPO and SPAC Monitor: Digital Platform Signing Day Sports, DayDayCook Online
The past week was busier than many expected, three IPOs, two SPACs and a splattering of initial filings. All three IPO’s priced at the low end. Oncology biotech CARGO Therapeutics (CRGX) raised $281 million at a $611 million market cap and finished the week down 3%. Reinsurer Hamilton Group (HG) raised $225 million at a $1.7 billion market cap and finished the week flat. Cross-border logistics provider Globavend (GVH) raised $6 million at a $59 million market cap and finished … Continue reading “US Weekly IPO and SPAC Monitor: Digital Platform Signing Day Sports, DayDayCook Online”
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”
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”