Author Archives: Jan Paschal

A big SPAC IPO – Blue Room Acquisition Corp. (IBLUU proposed) –  kicks off Wall Street’s four-day work week following Christmas. Blue Room Acquisition Corp. plans to raise $200.0 million by offering 20.0 million units at $10.00 each. The New York-based blank check company intends to search for a financial services company with a market […]

Three big IPO filings slipped into the IPO Pipeline in the past three weeks – with the latest one sailing in from Bermuda. Aspen Insurance Holdings Ltd. of Hamilton, Bermuda, plans an IPO with proceeds estimated at $100 million – a placeholder figure. Aspen filed its F-1 (prospectus) on Wednesday, Dec. 20, 2023. The specialty […]

Shares of Japan’s Linkage Global  (LGCB) slipped below their $4.00 IPO price today – Tuesday, Dec. 19, 2023 – in their NASDAQ debut. Linkage Global’s stock opened at $3.98 – just 2 cents below its issue price – at 10:20 a.m. EST today on the NASDAQ. By midday, Linkage Global  traded at $3.07, down 93 cents for […]

Santa traded in his signature red outfit for a slim navy blue suit last week. Federal Reserve Chairman Jerome Powell touched off a huge rally by indicating that the Fed was looking at rate cuts in 2024 in comments during his news conference last Wednesday (Dec. 13, 2023). Powell’s remarks followed the Fed’s decision to […]

Less than 24 hours after the Fed signaled that it would cut rates in 2024, Fractyl Health (GUTS proposed) filed plans for a $100 million IPO. The metabolic therapeutics company is pioneering new approaches to treat obesity and Type 2 diabetes, according to its S-1 (prospectus) dated Dec. 14, 2023. Fractyl Health did not disclose […]

ZKH Group Ltd. (ZKH), the parent of a Chinese MRO procurement services platform business, priced its IPO at $15.50 – the low end of its $15.50-to-$17.50 range – on Thursday night (Dec. 14, 2023). ZKH Group raised $62.0 million in its IPO by pricing 4.0 million American Depositary Shares (ADS) – the number of shares in the […]

Shares of INNO Holdings (INHD) surged 246.75 percent from their $4.00 IPO price to close at $13.87 today – Thursday, Dec. 14, 2023 – in their NASDAQ debut. The stock opened at 11:12 a.m. EST today at $10.50 – more than doubling its IPO price and scoring a moonshot. A moonshot occurs when a stock […]

ZKH Group Holdings (ZKH proposed) of Shanghai is leading the IPO Calendar this mid-December week when the Fed is in focus. Fed Chairman Jerome Powell and his FOMC colleagues are expected to hold interest rates steady at their two-day meeting, according to The Wall Street Journal. The Fed meeting begins today (Tuesday, Dec. 12, 2023) […]

Hornbeck Offshore Services, Inc. (HOS proposed), which provides water transportation to offshore drilling platforms, filed to go public on Thursday (Dec. 7, 2023). The Louisiana oilfield services company emerged from Chapter 11 bankruptcy in September 2020 with a $100 million cash infusion from funds managed by Ares Management Corp., a private equity company, along with […]

Shares of Aimei Health Technology Co. Ltd. (AFJKU) gained 1.5 percent in their NASDAQ debut on Monday (Dec. 4, 2023). The New York-based SPAC’s stock closed at $10.15 – up 15 cents or 1.5 percent –  in its first day of NASDAQ trading on volume of about 6.2 million shares. Aimei Health’s stock  opened at […]