Author Archives: Jan Paschal

Kestra Medical Technologies (KMTS Proposed), which makes and sells a wearable cardioverter defibrillator, unveiled the terms for its IPO – 10 million shares at a price range of $14.00 to $16.00 – to raise $150.0 million, if priced at the mid-point, in an S-1/A filing early today – Wednesday, Feb. 26, 2025. The Kirkland, Washington-based […]

(Editor’s Note: This column, published Tuesday morning, was updated Wednesday morning, Feb. 26, 2025, with pricing and trading news on STAK Inc., a micro-cap IPO, and other deals.) Basel Medical Group Ltd.  (BMGL), an orthopedic surgery group based in Singapore, priced its IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and […]

Basel Medical Group Ltd. (BMGL), based in Singapore, priced its IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold all 2.21 million shares (2,205,000 shares) – the number of shares in the prospectus – to raise $8.84 million on Monday night, Feb. 24, 2025. Basel Medical Group’s stock is […]

Wellgistics Health (WGRX) priced its IPO at $4.50 – the low end of its $4.50-to-$5.50 range – and sold all 900,000 shares – the number in the prospectus – to raise $4.05 million on Thursday night, Feb. 20, 2025. Shares of Wellgistics Health slipped in their NASDAQ debut, opening at $4.35 – down 15 cents from their […]

Anbio Biotechnology (NNNN) priced its IPO at $5.00 – the low end of its $5.00-to-$6.00 price range – and sold all 1.6 million Class A ordinary shares – the number in the prospectus – to raise $8.0 million on Tuesday night, Feb. 18, 2025. Shares of Anbio Biotechnology (NNNN) opened at $5.26 – up 26 […]

The IPO menu for this four-day work week is more like a dim sum or a dietitian’s snack tray instead of a meal. The U.S. stock market was closed on Monday, Feb. 17, 2025, for Presidents Day, a federal holiday. Only three small IPOs are on the IPO Calendar for the week of Feb. 18, […]

More stock at a steep price cut: Northpointe Bancshares Inc. (NPB), the Grand Rapids, Michigan-based parent of a U.S. bank focused on the mortgage business,  increased its IPO’s size at pricing – to 10.42 million shares – up from 8.82 million shares – and cut the price to $14.50 – $1.50 below the bottom of its […]

Higher and higher: Karman Holdings (KRMN), an aerospace and defense contractor, upsized its IPO to 23.0 million shares – up from 21.05 million shares in the prospectus – and priced the IPO at $22.00 – $2.00 above the top of its $18.00-to-$20.00 price range – to raise $506 million on Wednesday night, Feb. 12, 2025. Karman’s […]

More stock at the high end: SailPoint (SAIL), an identity software provider, upsized its IPO to 60.0 million shares – up from 50.0 million shares in the prospectus – and priced the IPO at $23.00 – the top of its $21.00-to-$23.00 price range – to raise $1.38 billion on Wednesday night, Feb. 12, 2025. Of the […]

Sail on: SailPoint (SAIL Proposed), an identity security software company, leads this week’s IPO Calendar of about $2.0 billion in deals in the countdown to Valentine’s Day on Friday, Feb. 14, 2025. SailPoint increased its price range to $21.00 to $23.00 – up from $19.00 to $21.00 originally – in an SEC filing early today […]