Author Archives: Jan Paschal

Fermi (FRMI Proposed), an Amarillo, Texas-based AI and energy start-up organized as a REIT, upsized its IPO to 32.5 million shares – up from 25 million shares originally – and kept the price range at $18.00 to $22.00 – to raise $650 million, if priced at the $20.00 mid-point of its range, according to an […]

Alliance Laundry Holdings (ALH Proposed) unveiled the terms for its IPO early today: 34.15 million shares at a price range of $19.00 to $22.00 – to raise $700.07 million, if priced at the $20.50 mid-point of its range. Under those terms, Alliance Laundry Holdings would have a market cap of about $4.04 billion. This is […]

Silicon Valley investor Chamath Palihapitiya’s stock-only SPAC – American Exceptionalism Acquisition Corp. A (AEXA) – was upsized at pricing to 30 million shares – up from 25 million shares – and priced at $10.00 per share, as expected – to raise $300 million on Thursday night, Sept. 25, 2025. American Exceptionalism’s stock is expected to start […]

Fermi Inc. (FRMI Proposed),  a new REIT based in Amarillo, Texas, with former Texas Gov. Rick Perry among its co-founders, unveiled its plans for a $500 million IPO this morning and launched the deal to price next week. Fermi’s IPO is expected to trade – on Wednesday, Oct. 1, 2025 – on the NASDAQ. Fermi […]

Neptune Insurance Holdings (NP Proposed), a flood insurance company, unveiled  its plans early today for its $350 million IPO. The St. Petersburg, Florida-based company’s selling shareholders are offering all of the stock in the IPO. The company will not receive any proceeds from the IPO. Neptune Insurance Holdings disclosed these terms: 18.42 million shares at […]

Pattern Group (PTRN) priced its IPO at $14.00 – the mid-point of its $13.00-to-$15.00 range – and sold 21.43 million shares – the number in the prospectus – to raise $300 million on Thursday night, Sept. 18, 2025. At pricing, Pattern Group had a market cap of about $2.46 billion. (Editor’s Note: This column, published Thursday […]

Netskope (NTSK) priced its IPO at $19.00 – the top of its recently increased range – and sold 47.8 million shares – the number of shares in the prospectus – to raise $908.2 million on Wednesday night, Sept. 17, 2025. Netskope’s stock jumped in its NASDAQ debut – opening at $23.00 – up $4.00 from its […]

WaterBridge (WBI) upsized its IPO at pricing to 31.7 million shares – up from 27 million shares originally – and priced the deal at $20.00 – the top of its $17.00-to-$20.00 range – to raise $634 million on Tuesday night, Sept. 16, 2025. At pricing, WaterBridge had a market cap of about $2.4 billion. (Editor’s […]

Middle of the road: Online ticket reseller StubHub Holdings (STUB) priced its IPO at $23.50 – the mid-point of its $22.00-to-$25.00 range – and sold 34.04 million shares – the number in the prospectus – to raise $799.94 million on Tuesday night, Sept. 16, 2025. StubHub’s stock opened at $25.35 – up $1.85 for a […]

Say “ciao” to gravity. ChowChow International Holdings Ltd. (CHOW) doubled its $4.00 IPO price at its opening trade today – at $8.00 –on the NYSE – American Exchange -and scored a moonshot in the process. At the closing bell, ChowChow was up 215.25 percent – ending at $12.61 – up $8.61 from its IPO price […]