Author Archives: Jan Paschal

Commercial Bancgroup, Inc. (CBK), a Tennessee-based community bank holding company, upsized its IPO at pricing and priced the deal at $24.00 – below the $25.75-to-$27.75 range in the prospectus – to raise about $172.08 million on Wednesday night, Oct. 1, 2025. The IPO’s size was increased at pricing to about 7.17 million shares – up […]

Fermi Inc. (FRMI) priced its  IPO at $21 – above the mid-point of its $18.00-to-$22.00 range – and sold 32.5 million shares – the number of shares in the prospectus – to raise $682.5 million on Tuesday night, Sept. 30, 2025. At pricing, Fermi had a market cap of about $12.5 billion. Fermi’s stock shot […]

Neptune Insurance Holdings (NP) priced its IPO at $20.00 – the top of its $18.00-to-$20.00 range – and sold 18.42 million shares – to raise $368.42 million on Tuesday night, Sept. 30, 2025. At pricing, Neptune had a market cap of about $2.76 billion. Neptune’s stock jumped in its New York Stock Exchange debut – opening at […]

Betsy, Bain and StoneBridge: It’s not a folk rock group. It’s a quick way to sum up the three SPAC IPOs that are set to start trading today – Tuesday, Sept. 30, 2025 – to wrap up the month of September. Together, these three SPAC IPOs raised $670 million on Monday night, Sept. 29, 2025. […]

Fermi (FRMI Proposed), an Amarillo, Texas-based AI and energy start-up organized as a REIT, upsized its IPO to 32.5 million shares – up from 25 million shares originally – and kept the price range at $18.00 to $22.00 – to raise $650 million, if priced at the $20.00 mid-point of its range, according to an […]

Alliance Laundry Holdings (ALH Proposed) unveiled the terms for its IPO early today: 34.15 million shares at a price range of $19.00 to $22.00 – to raise $700.07 million, if priced at the $20.50 mid-point of its range. Under those terms, Alliance Laundry Holdings would have a market cap of about $4.04 billion. This is […]

Silicon Valley investor Chamath Palihapitiya’s stock-only SPAC – American Exceptionalism Acquisition Corp. A (AEXA) – was upsized at pricing to 30 million shares – up from 25 million shares – and priced at $10.00 per share, as expected – to raise $300 million on Thursday night, Sept. 25, 2025. American Exceptionalism’s stock is expected to start […]

Fermi Inc. (FRMI Proposed),  a new REIT based in Amarillo, Texas, with former Texas Gov. Rick Perry among its co-founders, unveiled its plans for a $500 million IPO this morning and launched the deal to price next week. Fermi’s IPO is expected to trade – on Wednesday, Oct. 1, 2025 – on the NASDAQ. Fermi […]

Neptune Insurance Holdings (NP Proposed), a flood insurance company, unveiled  its plans early today for its $350 million IPO. The St. Petersburg, Florida-based company’s selling shareholders are offering all of the stock in the IPO. The company will not receive any proceeds from the IPO. Neptune Insurance Holdings disclosed these terms: 18.42 million shares at […]

Pattern Group (PTRN) priced its IPO at $14.00 – the mid-point of its $13.00-to-$15.00 range – and sold 21.43 million shares – the number in the prospectus – to raise $300 million on Thursday night, Sept. 18, 2025. At pricing, Pattern Group had a market cap of about $2.46 billion. (Editor’s Note: This column, published Thursday […]