The IPO Buzz: Rubrik & Loar Price IPOs Above Range; Marex Near the Mid-Point

(Updates The IPO Buzz column, initially published Wednesday night, April 24, 2024, with more information on Thursday, April 25, the first day of trading) Up is a golden word on Wall Street. Rubrik (RBRK), the Microsoft-backed cybersecurity data company, and Loar Holdings (LOAR), an aviation parts manufacturer, priced their IPOs above the range last night – ahead of their debuts today – Thursd..

Read more April 25, 2024

IPO Calendar

Company Symbol proposed Lead Managers Shares (Millions) Price Low Price High Est. $ Volume Expected to Trade SCOOP Rating Rating Change
Loar Holdings, Inc. LOAR Jefferies/ Morgan Stanley/ Citigroup/ Moelis & Co./ RBC Capital Markets 11.0 28.00 28.00 $ 308.0 mil 4/25/2024 Priced S/O S/O
Marex Group plc MRX Barclays/ Goldman Sachs/ Jefferies/ Keefe, Bruyette & Woods (A Stifel Company) 15.4 19.00 19.00 $ 292.3 mil 4/25/2024 Priced S/O S/O
Rubrik Inc. RBRK Goldman Sachs/ Barclays/ Citigroup/ Wells Fargo Securities/ Guggenheim Securities/ Mizuho/ Truist Securities/ BMO Capital Markets/ Deutsche Bank Securities 23.5 32.00 32.00 $ 752.0 mil 4/25/2024 Priced S/O S/O
Read more

Last 100 IPOs - April 25, 2024

Number of IPOs priced : 100
Number Up: 32
Number Down: 67
Number Unchanged: 1
Percentage Change From Issue Price: 5.90%
Percentage Change for The Nasdaq Composite 14.51%

2024 IPO Scorecard - April 25, 2024

Number of IPOs priced (Excluding 6 units) : 58
Number Up: 22
Number Down: 35
Number Unchanged: 1
Total Return From Issue Price: 10.69%
The Nasdaq Composite Index YTD % Change 4.67%