Author Archives: Jan Paschal

The IPO menu for this four-day work week is more like a dim sum or a dietitian’s snack tray instead of a meal. The U.S. stock market was closed on Monday, Feb. 17, 2025, for Presidents Day, a federal holiday. Only three small IPOs are on the IPO Calendar for the week of Feb. 18, […]

More stock at a steep price cut: Northpointe Bancshares Inc. (NPB), the Grand Rapids, Michigan-based parent of a U.S. bank focused on the mortgage business,  increased its IPO’s size at pricing – to 10.42 million shares – up from 8.82 million shares – and cut the price to $14.50 – $1.50 below the bottom of its […]

Higher and higher: Karman Holdings (KRMN), an aerospace and defense contractor, upsized its IPO to 23.0 million shares – up from 21.05 million shares in the prospectus – and priced the IPO at $22.00 – $2.00 above the top of its $18.00-to-$20.00 price range – to raise $506 million on Wednesday night, Feb. 12, 2025. Karman’s […]

More stock at the high end: SailPoint (SAIL), an identity software provider, upsized its IPO to 60.0 million shares – up from 50.0 million shares in the prospectus – and priced the IPO at $23.00 – the top of its $21.00-to-$23.00 price range – to raise $1.38 billion on Wednesday night, Feb. 12, 2025. Of the […]

Sail on: SailPoint (SAIL Proposed), an identity security software company, leads this week’s IPO Calendar of about $2.0 billion in deals in the countdown to Valentine’s Day on Friday, Feb. 14, 2025. SailPoint increased its price range to $21.00 to $23.00 – up from $19.00 to $21.00 originally – in an SEC filing early today […]

Go bigger and higher: Sionna Therapeutics (SION), a cystic fibrosis-focused biotech,  upsized its IPO at pricing to 10.59 million shares – up from 8.82 million shares – and priced its IPO at $18.00 – the high end of its $16.00-to-$18.00 range – to raise $190.59 million on Thursday night, Feb. 6, 2025. At pricing, the […]

Titan America (TTAM) priced its IPO at $16.00 – matching the price talk and below the mid-point of its $15.00-to-$18.00 range – and sold 24.0 million shares – the number in the prospectus – to raise $384.0 million on Thursday night, Feb. 6, 2025. At pricing, Titan America had a market cap of about $2.95 […]

Identity security software company SailPoint (SAIL Proposed) unveiled the terms and  launched its $1 billion IPO early today – Tuesday, Feb. 4, 2025: 50.0 million shares at a price range of $19 to $21 a share. Of the 50.0 million shares in the IPO, the company is offering 47.5 million shares and the selling shareholders […]

Cystic fibrosis-focused biotech Sionna Therapeutics (SION Proposed) unveiled its IPO terms early today on the first business day in February 2025. Sionna Therapeutics intends to offer 8.82 million shares – at a price range of $16.00 to $18.00  – to raise $150.0 million, according to an S-1/A filing early today – Monday, Feb. 3, 2025. […]

More stock – priced at the mid-point: Maze Therapeutics (MAZE), a biotech developing drugs to treat chronic kidney disease (CKD), increased its IPO’s size – to 8.75 million shares – up from 7.8 million shares in the prospectus – and priced its IPO at $16.00 – the mid-point of its $15.00-to-$17.00 price range – to raise […]