Rithm Acquisition Corp. (RAC.U) priced its SPAC IPO in sync with the terms in the prospectus – 20.0 million units at $10.00 each – and raised $200.0 million on Wednesday night, Feb. 26, 2025. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Rithm Acquisition’s units started trading today […]
February 27, 2025 Read MoreKestra 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 […]
February 26, 2025 Read More(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 […]
February 25, 2025 Read MoreBasel 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 […]
Read MoreWellgistics 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 […]
February 21, 2025 Read MoreAnbio 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 […]
February 19, 2025 Read MoreThe 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, […]
February 18, 2025 Read MoreMore 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 […]
February 14, 2025 Read MoreHigher 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 […]
February 13, 2025 Read MoreMore 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 […]
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