Category Archives: The IPO Buzz

Get your  motors running: Andretti Acquisition Corp. II (POLEU) and Vine Hill Capital Investment Corp. (VCICU) raised $200 million each on Thursday night, Sept. 5, 2024, to become the first two SPAC IPOs priced in September 2024. Andretti Acquisition II and Vine Hill Capital Investment are expected to start trading today – Friday, Sept. 6, […]

Powell Max (PMAX) cut its small IPO at pricing to 1.43 million shares (1,426,750 shares) and priced the deal at $4.00 – the low end – to raise $5.71 million, the company said today – Thursday, Sept. 5, 2024. Powell Max shares opened today at $4.30 – up 30 cents from their IPO price – in […]

  Pheton Holdings Ltd.( PTHL) trimmed its small IPO to 2.25 million shares at pricing – down from 2.5 million shares in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$5.00 range – to raise $9 million on Wednesday night, Sept. 4, 2024. Pheton’s stock slipped in its […]

Labor Day Monday marked the pause before the IPO market’s run for the home stretch of the year. There’s plenty of power in the IPO Pipeline  – with 10 IPOs in the $100 million-and-up class aiming to raise combined proceeds of at least $1.1 billion. And though $1 billion-plus is a nice round number, it […]

GigCapital7 (GIGGU) shares slipped in their NASDAQ debut on Thursday, Aug. 29, 2024, after the SPAC downsized its IPO by 20 percent at pricing and raised $200 million on Wednesday night. GigCapital7 Corp.’s stock opened at $9.94 – down 6 cents from its $10.00 IPO price – at 10:03 a.m. EDT on Thursday, Aug. 29, […]

Safe Pro Group (SPAI) priced its downsized small-cap IPO at $5.00 – the mid-point of its $4.75-to-$5.25 price range – and sold 1.0 million shares to raise $5.0 million on Tuesday night, Aug. 27, 2024. Safe Pro’s stock started trading at $4.00 – down $1.00 or off 20 percent from its $5.00 IPO price – […]

Entertainment and lifestyle-focused Black Spade Acquisition II (BSIIU) raised $150 million – as expected – with the pricing of its SPAC IPO of 15.0 million units at $10.00 each on Tuesday night, Aug. 27, 2024. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Black Spade Acquisition II shares […]

Autozi Internet Technology (Global) Ltd.  (AZI) of China priced its small-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 2.5 million shares – the number of shares in the prospectus – to raise $10.0 million on Tuesday night, Aug. 27, 2024. Autozi’s stock opened at $3.90 – down […]

August is winding down this week with just five small IPOs in the offing.  A couple of SPAC IPOs are on the pricing radar as well. That light traffic is typical for this time of year. It’s a popular getaway week for Wall Street pros and investors  in the countdown to the Labor Day holiday […]

Industrial drum supplier JBDI Holdings (JBDI) of Singapore priced its micro-cap IPO at $5.00 – the high end of its range – and sold  2.25 million shares – as expected – to raise $11.25 million on Monday night, Aug. 26, 2024. The terms in the prospectus showed a price range of $4.00 to $5.00. Of the […]