The IPO Buzz: Credo Cuts IPO & Prices It at $10 – Low End of Range
Credo Technology Group Holding, Ltd. (CRDO) slashed the number of shares in its IPO and priced the deal at $10 – the low end of its $10-to-$12 range – on Wednesday night (Jan. 26, 2022). The deal was cut to 20 million shares, down from 25 million in the prospectus, to raise $200 million – far below the estimated IPO proceeds of $275 million. Credo’s stock is set to start trading today (Thu..
Read more January 27, 2022IPO Calendar
| Company | Symbol proposed | Shares (Millions) | Est. $ Volume | Expected to Trade | SCOOP Rating | Rating Change |
|---|---|---|---|---|---|---|
| Aurora Technology Acquisition Corp. | ATAKU | 20.0 | $ 200.0 mil | 1/28/2022 Day-to-Day | S/O | S/O |
| Kimbell Tiger Acquisition Corp. | TGR.U | 20.0 | $ 200.0 mil | 1/28/2022 Day-to-Day | S/O | S/O |
| Modular Medical, Inc. | MODD | 2.4 | $ 30.0 mil | 1/28/2022 Day-to-Day | S/O | S/O |
Last 100 IPOs - January 27, 2022
| Number of IPOs priced : | 100 |
| Number Up: | 15 |
| Number Down: | 83 |
| Number Unchanged: | 2 |
| Percentage Change From Issue Price: | -27.27% |
| Percentage Change for The Nasdaq Composite | -6.69% |
2022 IPO Scorecard - January 27, 2022
| Number of IPOs priced (Excluding 24 units) : | 9 |
| Number Up: | 3 |
| Number Down: | 5 |
| Number Unchanged: | 1 |
| Total Return From Issue Price: | -8.34% |
| The Nasdaq Composite Index YTD % Change | -13.44% |