Author Archives: Jan Paschal

M is for mid-point. Atmus Filtration Technologies, Inc. (ATMU) priced its IPO at $19.50 – the mid-point of its $18.00-to-$21.00 range – on 14.12 million shares – to raise $275.43 million on Thursday night (May 25, 2023). Atmus Filtration’s stock opened at $21.67 – up $2.17 or up about 11.1 percent from the IPO price – […]

Just before the Memorial Day weekend begins, the IPO marquee features one big traditional deal – Atmus Filtration Technologies, Inc. (ATMU proposed). The Nashville-based company, which makes filters and accessories for commercial trucks and off-highway vehicles and heavy equipment, is being spun off by diesel engine maker Cummins (CMI). The IPO is set for pricing […]

On the road again: Atmus Filtration Technologies Inc. (ATMU proposed), a spinoff from diesel engine manufacturer Cummins, jump-started the IPO market early today (Tuesday, May 16, 2023) by disclosing its IPO terms: 14.12 million shares at $18.00 to $21.00 to raise $275.43 million. The profitable company, whose products include fuel filters, lube filters, coolants and […]

The IPO market hit the reset button on Monday night (May 15, 2023). Strong Global Entertainment (SGE) priced its micro-cap IPO at $4.00 – $1.00 below its $5.00 assumed IPO price – to raise $4.0 million. The micro-cap IPO was the first deal to get priced in more than a week as concerns over the U.S. […]

Micro-cap IPOs are back on the runway after Kenvue (KVUE) led last week’s $4.5 billion in deals. This week’s IPO Calendar is quiet in comparison – with up to six micro-cap initial public offerings expected to raise about $94.6 million. Kenvue – Johnson & Johnson’s (JNJ) spinoff of its consumer health products business – raised […]

Upsized is the word of the week. Acelyrin Inc. (SLRN) upsized its IPO again at pricing – selling 30.0 million shares – up from 26.5 million shares, the upsized amount in the recently amended prospectus – and priced the IPO at $18.00 – the top of its range – to raise $540.0 million on Thursday night (May […]

Supersized and a strong debut: J&J’s Kenvue, Inc. (KVUE) jumped 16 percent to open at $25.53 – up  $3.53 from its $22 IPO price – in its first trade at 12:47 p.m. EDT today (Thursday, May 4, 2023) on the New York Stock Exchange, according to MarketWatch. Volume: 15.7 million shares. At the closing bell, Kenvue’s stock […]

Go for the gold. An Asia-focused SPAC – Golden Star Acquisition Corp. (GODNU) – raised $60 million on Monday night (May 1, 2023). The deal – the first in May and the 13th SPAC IPO of 2023 –  was priced in sync with the terms in its prospectus: 6.0 million units at $10.00 each. The […]

Fast start for May: Kenvue Inc. (KVUE proposed) stepped on the accelerator and moved up the pricing  date of its $3.3 billion IPO before the opening bell today (Monday, May 1, 2023). The blockbuster IPO – the biggest deal of the year so far – is set for pricing Wednesday night (May 3, 2023) to […]

Austin, Texas-based Interactive Strength (TRNR) took the high road – pricing its micro-cap IPO at $8.00 – the top of its $6.00-to-$8.00 price range – on Thursday night (April 27, 2023). The digital fitness platform and equipment company priced 1.5 million shares at $8.00 to raise $12.0 million. Interactive Strength’s stock opened at $8.35 – […]