Author Archives: Jan Paschal

Call it a spring awakening. As a cold April began to wind down, the IPO market felt a warm breeze with the launch of two big IPOs for pricing next week. Aspen Insurance Holdings Ltd. (AHL Proposed) of Bermuda disclosed the terms for its $330 million IPO early Tuesday, April 29, 2025 – and launched […]

Two SPACs – Digital Asset Acquisition (DAAQU) and Real Asset Acquisition (RAAQU) – each priced a $150 million SPAC IPO – to raise a total of $300 million on Monday night, April 28, 2025. The unit structure is identical for Digital Asset Acquisition and Real Asset Acquisition: Each unit consists of one share of stock and one-half of one […]

OMS Energy Technologies, Inc. (OMSE Proposed), the Singapore-based parent of an oilfield equipment company, leads the IPO Calendar to wrap up April: This is a $50.0 million IPO with Roth Capital as the sole book-runner. The IPO market’s April 2025 swan song includes another small deal of interest – the $28.0 million IPO – an […]

Phoenix Asia Holdings Ltd. (PHOE) shares shot up to $7.00 – up 75 percent from their $4.00 IPO price – in their NASDAQ debut today – Friday, April 25, 2025 – at 10:45 a.m. EDT. Volume on that opening trade: 104,722 shares. By around 11:30 a.m. EDT, though, the thrill was gone: Phoenix Asia Holdings’ […]

Two SPACs – Crane Harbor Acquisition Corp. (CHACU) and Inflection Point Acquisition Corp. III (IPCXU)– raised a total of $420 million with the pricing of their IPOs on Thursday night, April 24, 2025. Crane Harbor Acquisition’s stock broke issue price to open at $9.98 – down 2 cents from its $10.00 IPO price – at 11:02 […]

New Providence Acquisition Corp. III/Cayman (NPACU) priced its SPAC IPO – 26.1 million units at $10.00 each – to raise $261.0 million on Wednesday night, April 23, 2025. Each unit consists of one share of stock and one-third of one redeemable warrant.   Shares of New Providence Acquisition Corp. III/Cayman slipped 1 cent to open at $9.99 on Thursday, April […]

Texas Ventures Acquisition Corp. III (TVACU), an industrial tech-focused SPAC based in Houston, priced its SPAC IPO – 20.0 million units at $10.00 each – to raise $200.0 million on Tuesday night, April 22, 2025. The pricing was in sync with the terms in the prospectus. Each unit consists of one ordinary share of Class […]

Concorde International Group Limited (CIGL), a Singapore-based security services and facilities management company, priced its micro-cap IPO at $4.00 – the assumed IPO price in the prospectus – and sold 1.25 million shares – the number of shares in the prospectus – to raise $5.0 million on Monday night, April 21, 2025. Shares of Concorde International […]

TMD Energy Ltd. (TMDE), a marine bunker fuel company based in Malaysia, priced its small IPO at $3.25 – the low end of its $3.25-to-$3.75 range – and sold 3.1 million shares to raise $10.08 million. Shares of TMD Energy opened at $3.26 – up 1 cent from their IPO price – today – Monday, […]

OMS Energy Technologies (OMSE Proposed), a profitable Singapore oilfield equipment company, may price its $50 million IPO this week  – the week of April 21, 2025. Wall Street’s attention, however, is focused on the turmoil in the U.S. stock market. U.S. stock futures and the dollar sank early today on concerns about President Donald Trump’s attacks […]