Author Archives: Jan Paschal

The IPO market gets a jump-start for the month of June with two big deals: Cryptocurrency issuer Circle Internet Corp. (CRCL Proposed) and Omada Health (OMDA Proposed), a provider of virtual care to people living with chronic health conditions, plan to go public this week. June’s IPO market is warmed by the trade winds of May 2025, when the […]

Beijing-based SPAC Wintergreen Acquisition Corp. (WTGUU) raised $50 million, as expected, on Wednesday night, May 28, 2025. Wintergreen Acquisition, which will focus on the technology, media and telecom (TMT) sector in Asia, including China, priced 5.0 million units at $10.00 each, in sync with the terms in the prospectus. On Thursday, May 29, 2025, Wintergreen Acquisition […]

Jena Acquisition Corp. II (JENA.U), a SPAC led by William Foley, II, a FinTech entrepreneur and SPAC veteran, raised $200 million – as expected – with the pricing of its IPO on Wednesday night, May 28, 2025. Jena Acquisition II priced 20.0 million units at $10.00 each – the terms in the prospectus. In its […]

Omada Health, Inc. (OMDA Proposed) launched its $150.1 million IPO with the disclosure of terms – 7.9 million shares at a price range of $18.00 to $20.00 – in an S-1/A filing early today – Thursday, May 30, 2025. The IPO is expected to price next week. (Please see our IPO Calendar.) This is a […]

SPACs just keep coming down the IPO highway. Two deals – ChampionsGate Acquisition Corp. (CHPGU) from sole book-runner Clear Street and Kochav Defense Acquisition Corp. (KCHVU) from sole book-runner SPAC Advisory Partners, a division of Kingswood Capital – raised a total of $285 million by pricing their IPOs on Tuesday night, May 27, 2025. ChampionsGate […]

Circle Internet Corp. (CRCL Proposed), a cryptocurrency issuer, disclosed the terms for its $600 million IPO – 24.0 million shares at a price range of $24.00 to $26.00 – in an S-1/A filing early today – Tuesday, May 27, 2025. The IPO is expected to price next week. Of the 24.0 million shares in the […]

Fast Track Group (FTRK), a Singapore-based events and concert management company, priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 3.75 million shares – the number of shares in the prospectus – to raise $15.0 million on Thursday night, May 22, 2025. At pricing, Fast Track […]

Cal Redwood Acquisition Corp. (CRACU), a Menlo Park, California-based SPAC, raised $200 million by pricing its IPO on Thursday night, May 22, 2025, in sync with the terms in its prospectus: 20 million units at $10.00 each. Cal Redwood Acquisition Corp. (CRACU) opened at $10.02 at 10:55 a.m. EDT today –  Friday, May 23, 2025 – on […]

Oyster Enterprises II Acquisition Corp. (OYSEU) upsized its IPO at pricing to 22 million units – up from 20 million in the prospectus – and priced the deal at $10.00 per unit – as expected – to raise $220 million on Wednesday night, May 21, 2025. Each unit consists of one share of stock and […]

MNTN, Inc. (MNTN), a Connected TV ad software company, priced its IPO at $16.00 – the top of its $14.00-to-$16.00 range – and sold 11.7 million shares – the number of shares in the prospectus – to raise $187.2 million on Wednesday night, May 21, 2025. Shares of MNTN jumped 31.25 percent to open at $21.00 […]