Author Archives: Jan Paschal

(Editor’s Note: Updates column to add Santander as a global coordinator and joint book-runner in the second paragraph.) Auna S.A. (AUNA Proposed), a provider of prepaid healthcare plans in its native Peru and the operator of hospitals and clinics in Peru, Mexico and Colombia, disclosed the terms for its IPO early today (Thursday, March 14, […]

Reddit, Inc. (RDDT Proposed) disclosed the terms just before sunrise today for its long-awaited IPO: 22.0 million shares at a price range of $31.00 to $34.00 to raise $715 million, based on mid-point pricing at $32.50, according to its S-1/A filing dated March 11, 2024. This is a New York Stock Exchange listing. Reddit’s IPO […]

Brain cancer biotech NeOnc Technologies Holdings Inc. (NTHI Proposed) is set to price its $75 million IPO during the week of March 11, 2024. But it’s coming at a time when the Reddit watch party has kicked into high gear. Reddit (RDDT Proposed), the social media platform famous for its r/Wall Street Bets forum, is close […]

Astera Labs (ALAB Proposed), the semiconductor connectivity company, unveiled the terms for its $507.3 million IPO – 17.8 million shares at a price range of $27.00 to $30.00 a share – in an S-1/A filing early today – Friday, March 8, 2024. The IPO is expected to price on Tuesday night, March 19, 2024, to […]

ARCH Venture Partners is the big name behind Boundless Bio Inc. (BOLD Proposed), a Phase 1 cancer biotech that filed plans for a $100 million IPO on Wednesday (March 6, 2024) after the closing bell. The S-1 filing did not disclose terms for the IPO. This is a NASDAQ listing. Boundless Bio was founded in 2018 […]

Singapore’s ride-hailing app – Ryde Group Ltd. (RYDE) – priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – on Tuesday night, March 5, 2024. Ryde Group priced 3.0 million Class A ordinary shares – the number in the prospectus – at $4.00 to raise $12.0 million on Tuesday […]

Lucas GC Limited (LGCL), a profitable Chinese job recruitment platform for HR professionals, is the first IPO priced in March 2024. Lucas upsized its IPO at pricing – to 1.5 million shares – up from 1.25 million in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$6.00 range […]

Ride on may be the mantra for the IPO Calendar as March begins. The Ryde Group Ltd. (RYDE Proposed), a Singapore-based carpooling, ride-hailing and package delivery app, plans to price its  micro-cap IPO early this week. RYDE is one of four carry-over deals from last week. The carry-overs represent half of this week’s lineup of […]

SolarMax Technology (SMXT) priced its small-cap IPO at $4.00 and sold 4.5 million shares – the terms in the prospectus – and raised $18.0 million, Wall Street sources confirmed today (Tuesday, Feb. 27, 2024). Shares of SolarMax Technology scored a moonshot at around 1:50 p.m. EST today – jumping to $8.38 – up 109.5 percent […]

Finally: Reddit Inc. (RDDT Proposed) pulled back the curtain to reveal its plans for going public with its S-1 filing on Thursday afternoon (Feb. 22, 2024). The San Francisco-based social media company, whose r/Wall Street Bets subreddit drove the “meme stock” madness during the pandemic, did not disclose terms for its IPO. Reddit, founded in […]