Chinese LiDAR company Hesai Group (HSAI) priced its IPO at $19.00 – the high end of its $17.00-to-$19.00 range – and upsized the deal to 10.0 million American Depositary Shares – up from 9.0 million ADS in the prospectus – to raise $190 million on Wednesday night (Feb. 8, 2023). Hesai’s ADS are expected to […]
February 9, 2023 Read MoreNextracker Inc. (NXT) priced its upsized IPO at $24.00 – $1.00 above the top of its $20.00-to-$23.00 range – tonight (Wednesday, Feb. 8, 2023) on 26.6 million shares to raise $638.4 million, Nextracker’s parent, Flex, Ltd. said. The solar tracker company’s IPO was increased by 3.34 million shares – or about 14.4 percent – from […]
February 8, 2023 Read MoreSolar tracker company Nextracker Inc. (NXT proposed) leads a $1.1 billion IPO Calendar this week of four big deals – three IPOs in the $100 million-and-up class and one big NASDAQ uplisting. Israel’s Enlight Renewable Energy Ltd. (ENLT proposed), a NASDAQ uplisting from Tel Aviv, launched early today (Monday, Feb. 6, 2023). (Editor’s Note: This update corrects […]
February 6, 2023 Read MoreMore, please. Structure Therapeutics Inc. (GPCR) shares surged 73.3 percent to close at $26.00 – up $11.00 from their $15.00 IPO price – on Friday (Feb. 3, 2023), their first day of trading on the NASDAQ. Volume today: 1,779,507 shares. Structure defied gravity in terms of the overall trend on Wall Street today. Structure’s stock […]
February 3, 2023 Read MoreStructure Therapeutics (GPCR) priced its upsized IPO at $15.00 – the top of its $13.00-to-$15.00 range – on 10.74 million American Depositary Shares (ADS) – up from 8.95 million ADS in the prospectus – on Thursday night (Feb. 2, 2023). The IPO was increased in size at pricing. The stock is expected to start trading […]
February 2, 2023 Read MoreIt looks like the big boys – and girls – want to follow the sun. Nextracker Inc. (NXT proposed) launched its $500 million IPO late Wednesday (Feb. 1, 2023) after the market’s close. The solar tracker company’s IPO has a joint book-runner’s team chock full of big names. J.P. Morgan, BofA Securities, Citigroup and Barclays […]
February 1, 2023 Read MoreFirst IPO out of the gate in February is a Taiwan-focused SPAC. Cetus Capital Acquisition Corp. (CETUU) started trading at 10:45 a.m. EST today –Wednesday, Feb. 1, 2023 – at $10.13, up 1.3 percent from its $10.00-per-unit IPO price, NASDAQ records show. Volume on that opening trade: 165,968 shares. By 11:54 a.m. EST, Cetus Capital […]
Read MoreWhoosh! Structure Therapeutics, Inc. (GPCR proposed) disclosed terms for its $125.3 million IPO early today (Monday, Jan. 30, 2023) and jumped onto the IPO Calendar. This deal – the first big biotech IPO of the year – is scheduled to price Thursday night (Feb. 2, 2023) to trade Friday (Feb. 3, 2023) on the NASDAQ. […]
January 30, 2023 Read MoreThe forecast for early February is a flurry of micro-cap IPOs. Nine deals – a tiny NYSE-American Exchange uplisting and eight extremely small IPOs – are on the IPO Calendar for the week of Jan. 30, 2023. The deals range in size from $8.0 million to $22.5 million. All eight IPOs are NASDAQ listings. Bankers […]
Read MoreIs this the year of the mid-point? TXO Energy Partners L.P. (TXO) gained 10 percent in its NYSE debut today (Friday, Jan. 27, 2023). TXO priced its IPO at the $20.00 mid-point of its $19.00-to-$21.00 range. TXO is the third IPO this year to price at the mid-point. The Fort Worth, Texas-based oil and gas partnership’s […]
January 27, 2023 Read More