Category Archives: The IPO Buzz

WeRide (WRD) of China upsized its IPO at pricing to 7.74 million American Depositary Shares – up from 6.45 million ADS in the prospectus – and priced the IPO at $15.50 – the low end of its $15.50-to-$18.50 price range – to raise $120.01 million on Thursday night, Oct. 24, 2024. WeRide’s ADS opened flat at $15.50 […]

Septerna Inc. (SEPN), a thyroid-focused Phase I biotech, upsized its IPO at pricing to 16.0 million shares – up from 15.28 million shares in the recently upsized prospectus – and priced the IPO at $18.00 – as planned – to raise $288.0 million on Thursday night, Oct. 24, 2024. Septerna’s stock opened at $23.50 – up […]

Septerna Inc. (SEPN Proposed), a Phase 1 biotech focused on developing drugs to treat thyroid and autoimmune disorders, increased its IPO’s size by 57 percent to raise $275 million – up from $175 million originally – in an S-1/A filing early today – Thursday, Oct. 24, 2024. The new terms of Septerna’s IPO are: 15.28 million […]

Ingram Micro Holding Corp. (INGM) priced its IPO at $22.00  – $1.00 below the top of its $20.00-to-$23.00 price range – and sold the full 18.6 million shares – the number of shares in the prospectus – to raise $409.2 million on Wednesday night, Oct. 23, 2024. Ingram Micro’s stock is expected to start trading on Thursday, Oct. 24, […]

Aldel Financial II (ALDFU) priced its SPAC IPO in sync with the terms in the prospectus – 20.0 million units at  $10.00 each – to raise $200.0 million on Monday night, Oct. 21, 2024. Each unit consists of one ordinary share and one-half of one redeemable warrant. Shares of Aldel Financial II are expected to […]

China’s HUHUTECH International (HUHU) cuts its IPO at pricing to 1.05 million shares –  down from 1.25 million shares in the prospectus – and priced the deal at $4.00  – the low end of its $4.00-to-$6.00 price range – to raise $4.2 million on Monday night, Oct. 21, 2024. HUHUTECH International’s stock opened flat – at […]

Septerna Inc. (SEPN Proposed), a Phase 1 biotech focused on developing an oral drug to treat hypoparathyroidism, a rare endocrine disease, unveiled the terms for its $175 million IPO early today – Monday, Oct. 21, 2024. Septerna is offering 10.94 million shares at a price range of $15.00 to $17.00 to raise $175.0 million,  if […]

Ingram Micro Holding Corp. (INGM Proposed), a global tech solutions provider, is the only big name on the IPO marquee in the week of Oct. 21, 2024. Platinum Equity-controlled Ingram Micro plans to offer 18.6 million shares at a price range of $20.00 to $23.00 to raise $399.9 million, if the IPO is priced at its […]

Watch this pony: China’s autonomous driving technology start-up Pony AI Inc. (PONY Proposed) filed plans for its IPO to raise about $100 million, according to an F-1 filing dated Oct. 17, 2024 (available Thursday, Oct. 17, 2024, after the market’s close). Some IPO pros, however, believe that Pony AI could raise about $300 million in […]

Oriental Rise Holdings Limited (ORIS), a supplier of tea products in mainland China, priced its streamlined IPO of 1.75 million shares – trimmed from 2.0 million shares – at $4.00 – the assumed IPO price – to raise $7.0 million on Wednesday night, Oct. 16, 2024. Shares of Oriental Rise Holdings Limited opened at $5.10 […]