Author Archives: Jan Paschal

GP-Act III  Acquisition Corp. (GPATU) raised $250 million in its SPAC IPO – the second blank check IPO in May – on Wednesday night, May 8, 2024. The SPAC’s initial public offering consisted of 25.0 million units at $10.00 each. An individual unit was made up of one Class A ordinary share and one-half of […]

Following its IPO road map, Proficient Auto Logistics  (PAL) priced its IPO at $15.00 – the mid-point of its $14.00-to-$16.00 range on Wednesday night, May 8, 2024. The company, as expected, sold 14.33 million shares – the number in the prospectus – at $15.00 each to raise $215.0 million. The Jacksonville, Florida-based auto transportation company is a […]

Silvaco Group (SVCO) priced its IPO at $19.00 – the top of its $17.00-to-$19.00 range – and sold 6.0 million shares – the number in the prospectus – to raise $114.0 million on Wednesday night, May 8, 2024. The Santa Clara, California-based company, which provides semiconductor design software and services, went public at a market […]

ZEEKR Intelligent Technology Holding Limited (ZK Proposed), a battery-operated passenger EV manufacturer in China, disclosed terms for its $341 million IPO and launched the deal after the closing bell on Friday, May 3, 2024. The terms call for ZEEKR to offer 17.5 million American Depositary Shares (ADS) at a price range of $18.00 to $21.00 […]

First SPAC IPO of May:  Michael Klein’s SPAC IPO – Churchill Capital Corp. IX/Cayman (CCIXU) was priced Wednesday night, May 1, 2024, to trade today – Thursday, May 2 – on the NASDAQ. Churchill Capital Corp. IX priced its SPAC IPO in sync with the terms in its prospectus: 25.0 million units at $10.00 each to raise […]

Viking Holdings Ltd. (VIK) priced its upsized IPO at $24.00 – $1.00 below the top of its $21.00-to-$25.00 range – on Tuesday night (April 30, 2024). Viking, the Bermuda parent of the upscale cruise line, sold 64.04 million shares – up from 53.04 million shares – at $24.00 each to raise  $1.54 billion ($1,536.96 million). […]

 Viking Holdings Ltd. (VIK Proposed), the Bermuda cruise line, increased the size of its IPO to 53.0 million shares – up 20.5 percent from its initial size at  44.0 million shares – early today – Monday, April 29, 2024. The IPO’s price range was kept the same – at $21.00 to $25.00 – according to […]

(Updates The IPO Buzz column, initially published Wednesday night, April 24, 2024, with more information on Thursday, April 25, the first day of trading) Up is a golden word on Wall Street. Rubrik (RBRK), the Microsoft-backed cybersecurity data company, and Loar Holdings (LOAR), an aviation parts manufacturer, priced their IPOs above the range last night […]

Up is the word of the night. Loar Holdings (LOAR) priced its IPO at $28.00 – $2.00 above the top of its range – on 11.0 million shares – the number in the prospectus – to raise $308.0 million on Wednesday night, April 24, 2024. The aviation parts manufacturer’s stock is expected to start trading […]

Sail on: Viking Holdings Ltd.  (VIK Proposed) of Bermuda unveiled the terms for its $1.01 billion IPO early today – Monday, April 22, 2024 – and launched the deal with plans to price it next week. Viking’s IPO consists of 44.0 million shares at a price range of $21.00 to $25.00 to raise $1.01 billion, if […]