Fast-fashion giant Shein started the week on a strong note by submitting confidential IPO documents to the SEC on Monday (Nov. 27, 2023), The Wall Street Journal reported after the U.S. stock market’s close. The deal could be one of the biggest U.S. IPOs in years. Shein’s confidential filing was reported earlier by Shanghai Securities […]
November 28, 2023 Read MoreTopical skincare products company Elevai Labs (ELAB) ended its first day of NASDAQ trading on the down beat: The stock slipped to $3.40- down 60 cents or off 15 percent from its $4.00 IPO price – on Tuesday (Nov. 21, 2023). Volume was more than 729,000 shares. Elevai Labs’ shares had opened flat at $4.00 on Tuesday on […]
November 21, 2023 Read MoreThe first float in the IPO market’s short Thanksgiving parade belongs to Colombier Acquisition Corp. II (CLBR.U). The Colombier Acquisition II SPAC IPO was increased at pricing on Monday night (Nov. 20, 2023) to 15.0 million units – up from 13.0 million units in the prospectus. Bankers priced the Colombier Acquisition II deal at $10.00, as […]
Read MoreHospitality robot maker Richtech Robotics (RR) priced its micro-cap IPO at $5.00, as expected, and slightly increased the deal’s size to 2.1 million shares – up from 2.0 million in the prospectus – to raise $10.5 million on Thursday night (Nov. 16, 2023). Richtech Robotics’ stock opened flat at $5.00 at 11:37 a.m. EST today – Friday, […]
November 17, 2023 Read MoreAsian convenience food company DDC Enterprise Limited (DDC) downsized its IPO to 3.9 million shares – down from 4.25 million in the prospectus – and priced the deal at $8.50 – $1.00 below the bottom of its $9.50-to-$11.50 range – on Thursday night (Nov. 16, 2023). The IPO raised $33.15 million – about $11 million […]
Read MoreShimmick Corp. (SHIM) priced its IPO at $7.00 – $3.00 below the low end of its range – and slashed the number of shares to 3.575 million – down from 4.55 million shares in the prospectus – to raise $25.03 million on Monday night (Nov. 13, 2023). The IPO raised half of the estimated proceeds of […]
November 13, 2023 Read MoreProduct testing and safety standards company UL Solutions Inc. (ULS proposed) filed to go public early today – Monday, Nov. 13, 2023 – without disclosing the terms for its IPO. Some on the Street estimate the IPO’s proceeds at $1 billion. The “UL” in the company’s name stands for Underwriters Laboratories, which began testing electrical […]
Read MoreHamilton Insurance Group (HG) priced its IPO at $15.00 – $1.00 below the low end of its $16.00-to-$18.00 price range – on Thursday night (Nov. 9, 2023). The profitable Bermuda specialty insurance and reinsurance company priced 15.0 million shares – the number of shares in the prospectus – at $15.00 to raise $225.0 million. The IPO raised $30 […]
November 9, 2023 Read MoreCancer biotech CARGO Therapeutics (CRGX) priced its IPO at $15.00 – the low end of the $15.00-to-$17.00 price range – on Thursday night, Nov. 9, 2023. The cancer cell therapy company priced 18.75 million shares – the number of shares in the prospectus – at $15.00 to raise $281.25 million. That’s $18.75 million less than […]
Read MoreSPACs grabbed the early November spotlight. Two SPAC IPOs raised a combined $361.5 million on Wednesday night (Nov. 8, 2023): AI Transportation Acquisition Corp. (AITRU) upsized its SPAC IPO at pricing to 6.15 million units – up from 5.0 million units in the prospectus – and priced the deal at $10.00, as expected, to raise […]
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