The tape shows mixed results for last week’s micro-cap IPOs. One deal – The NFT Gaming Co. (NFTG) – popped up nearly 10 percent to open at $4.55 on Wednesday (Feb. 15, 2023), only to close at $4.05 – down 2.4 percent from its $4.15 IPO price. The other deal – Bullfrog AI Holdings (BFRG/ […]
February 19, 2023 Read MoreIt’s not exactly dim sum. More like light bites: Eight micro-cap deals – seven tiny IPOs and one small SPAC IPO – are on the IPO Calendar for the week of Feb. 13, 2023. Three deals are expected to start trading on Valentine’s Day – Tuesday, Feb. 14, 2023. Bankers expect to raise $147.6 million, […]
February 13, 2023 Read MoreHappy Friday! Hypertension biotech Mineralys Therapeutics, Inc. (MLYS) opened at $21.10 – up 31.9 percent from its $16.00 IPO price – at 11:15 a.m. EST today (Friday, Feb. 10, 2023) on the NASDAQ. And just like that, Mineralys Therapeutics scored the best opening gain of the three big IPOs priced this week. In comparison, solar […]
February 10, 2023 Read MoreUp is the word of the day. Mineralys Therapeutics (MLYS) priced its upsized IPO at $16.00 – the top of its $14.00-to-$16.00 range – on 12.0 million shares – up from 10.0 million shares in the prospectus – tonight (Thursday, Feb. 9, 2023) to raise $192 million. The 20 percent increase in the biotech IPO’s […]
February 9, 2023 Read MoreSalute to the sun: The shares of solar tracker company Nextracker Inc. (NXT) shot up 26.3 percent to open at $30.31 – up $6.31 from their $24.00 IPO price – at 12:27 p.m. EST today – Thursday, Feb. 9, 2023 – in their debut on the NASDAQ. Volume on that opening trade, according to NASDAQ: […]
Read MoreLike a rabbit: Hesai Group (HSAI) American Depositary Shares (ADS) shot up 25 percent to open at $23.75 – up $4.75 from their $19.00 IPO price – at 11:19 a.m. EST today (Thursday, Feb. 9, 2023) on the NASDAQ. Opening volume was 1,328,799 shares, NASDAQ records show. The Chinese LiDAR company’s U.S. debut coincided with […]
Read MoreChinese 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 […]
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 More