Author Archives: Jan Paschal

Aldel Financial II (ALDFU) priced its SPAC IPO in sync with the terms in the prospectus – 20.0 million units at  $10.00 each – to raise $200.0 million on Monday night, Oct. 21, 2024. Each unit consists of one ordinary share and one-half of one redeemable warrant. Shares of Aldel Financial II are expected to […]

China’s HUHUTECH International (HUHU) cuts its IPO at pricing to 1.05 million shares –  down from 1.25 million shares in the prospectus – and priced the deal at $4.00  – the low end of its $4.00-to-$6.00 price range – to raise $4.2 million on Monday night, Oct. 21, 2024. HUHUTECH International’s stock opened flat – at […]

Septerna Inc. (SEPN Proposed), a Phase 1 biotech focused on developing an oral drug to treat hypoparathyroidism, a rare endocrine disease, unveiled the terms for its $175 million IPO early today – Monday, Oct. 21, 2024. Septerna is offering 10.94 million shares at a price range of $15.00 to $17.00 to raise $175.0 million,  if […]

Ingram Micro Holding Corp. (INGM Proposed), a global tech solutions provider, is the only big name on the IPO marquee in the week of Oct. 21, 2024. Platinum Equity-controlled Ingram Micro plans to offer 18.6 million shares at a price range of $20.00 to $23.00 to raise $399.9 million, if the IPO is priced at its […]

Watch this pony: China’s autonomous driving technology start-up Pony AI Inc. (PONY Proposed) filed plans for its IPO to raise about $100 million, according to an F-1 filing dated Oct. 17, 2024 (available Thursday, Oct. 17, 2024, after the market’s close). Some IPO pros, however, believe that Pony AI could raise about $300 million in […]

Oriental Rise Holdings Limited (ORIS), a supplier of tea products in mainland China, priced its streamlined IPO of 1.75 million shares – trimmed from 2.0 million shares – at $4.00 – the assumed IPO price – to raise $7.0 million on Wednesday night, Oct. 16, 2024. Shares of Oriental Rise Holdings Limited opened at $5.10 […]

Springview Holdings Ltd. (SPHL), the parent of a profitable Singapore residential and commercial builder, priced its micro-cap IPO at $4.00 – the low end of its range – after slightly upsizing the deal to 1.5 million shares – up from 1.25 million shares in the prospectus – to raise $6.0 million on Wednesday night, Oct. […]

PTL Limited (PTLE), the parent of Petrolink Energy Limited of Hong Kong, priced its micro-IPO at $4.00 – the low end of its range – and sold 1.25 million shares – the number of shares in the prospectus – to raise $5.0 million on Tuesday night, Oct. 15, 2024. The terms in the prospectus called for a […]

Durango, Colorado-based Peak Resources L.P. (PRB Proposed), an oil and gas limited partnership, disclosed the terms for its unit IPO today, Oct. 15, 2024, to raise $65.8 million, according to an S-1/A filing. Peak Resources plans to offer 4.7 million Class A common units at a price range of $13.00 to $15.00 per unit to […]

Ingram Micro Holding Corp. (INGM) disclosed the terms for its $400.0 million IPO – 18.6 million shares at a price range of $20.00 to $23.00 – early today – Tuesday, Oct. 15, 2024. If priced at the $21.50 mid-point, Ingram Micro’s IPO will raise $399.9 million. Of the 18.6 million shares in the IPO, the […]