Category Archives: The IPO Buzz

Range Capital Acquisition Corp. II (RNGTU) priced its SPAC IPO – 20 million units at $10.00 each – and raised $200 million tonight (Thursday, Oct. 2, 2025). This is the first SPAC IPO priced this October. It is, however, the third SPAC to start trading in this brand new month. (The other two SPAC IPOs […]

Commercial Bancgroup, Inc. (CBK), a Tennessee-based community bank holding company, upsized its IPO at pricing and priced the deal at $24.00 – below the $25.75-to-$27.75 range in the prospectus – to raise about $172.08 million on Wednesday night, Oct. 1, 2025. The IPO’s size was increased at pricing to about 7.17 million shares – up […]

Fermi Inc. (FRMI) priced its  IPO at $21 – above the mid-point of its $18.00-to-$22.00 range – and sold 32.5 million shares – the number of shares in the prospectus – to raise $682.5 million on Tuesday night, Sept. 30, 2025. At pricing, Fermi had a market cap of about $12.5 billion. Fermi’s stock shot […]

Neptune Insurance Holdings (NP) priced its IPO at $20.00 – the top of its $18.00-to-$20.00 range – and sold 18.42 million shares – to raise $368.42 million on Tuesday night, Sept. 30, 2025. At pricing, Neptune had a market cap of about $2.76 billion. Neptune’s stock jumped in its New York Stock Exchange debut – opening at […]

Betsy, Bain and StoneBridge: It’s not a folk rock group. It’s a quick way to sum up the three SPAC IPOs that are set to start trading today – Tuesday, Sept. 30, 2025 – to wrap up the month of September. Together, these three SPAC IPOs raised $670 million on Monday night, Sept. 29, 2025. […]

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 […]