Category Archives: The IPO Buzz

SolarMax Technology (SMXT) priced its small-cap IPO at $4.00 and sold 4.5 million shares – the terms in the prospectus – and raised $18.0 million, Wall Street sources confirmed today (Tuesday, Feb. 27, 2024). Shares of SolarMax Technology scored a moonshot at around 1:50 p.m. EST today – jumping to $8.38 – up 109.5 percent […]

Finally: Reddit Inc. (RDDT Proposed) pulled back the curtain to reveal its plans for going public with its S-1 filing on Thursday afternoon (Feb. 22, 2024). The San Francisco-based social media company, whose r/Wall Street Bets subreddit drove the “meme stock” madness during the pandemic, did not disclose terms for its IPO. Reddit, founded in […]

AI-focused Astera Labs, Inc. gave Wall Street a welcome wake-up call today – Wednesday, Feb. 21, 2024 – with the unveiling of its plans to go public. The chip connectivity products, software and platform developer’s IPO is estimated at a placeholder figure of $100 million. Some on the Street believe that Astera Labs’ IPO could raise five times […]

Wetouch Technology (WETH) cut the size of its public offering/NASDAQ uplisting to 2.16 million shares – down from 3.0 million shares in the prospectus – and priced the deal at $5.00 – the low end of its $5.00-to-$7.00 range – to raise $10.8 million on Tuesday night (Feb. 20, 2024). The company trimmed the deal’s […]

Small deals make up the IPO Calendar for this short holiday week, which began with Presidents Day. The U.S. stock market was closed Monday, Feb. 19, 2024, for the federal holiday. Most IPO investors are keeping an eye out for news about potential big deals on the horizon such as Reddit, which has not filed its […]

Unusual Machines, Inc. (UMAC), a drone technology company based in San Juan, Puerto Rico, upsized its micro-cap IPO at pricing to 1.25 million shares – up from 1.0 million shares in the prospectus – and priced the deal at $4.00 – the low end of its $4.00-to-$6.00 range – to raise $5.0 million on Tuesday […]

BBB Foods, Inc. (TBBB), the parent of Mexico’s Tiendas 3B discount grocery store chain, priced its upsized IPO at $17.50 – the top of its recently increased range – on 33.66 million shares – the number of shares in its revised prospectus – to raise $589.05 million on Thursday night (Feb. 8, 2024). Shares of […]

BBB Foods, Inc. (TBBB proposed), the parent of Mexico’s discount grocery store chain, increased its IPO’s size early today to $572.2 million by raising both the number of shares and the price range – hours ahead of the IPO’s pricing, expected tonight after the market’s close. The IPO’s size was raised to 33.66 million shares […]

Clinical biotech Kyverna Therapeutics (KYTX) priced its upsized IPO at $22.00 – $1.00 above its recently increased range – on 14.5 million shares – the number of shares in the prospectus – to raise $319 million on Wednesday night (Feb. 7, 2024). The $22.00 IPO price exceeded Kyverna’s price range of $20.00 to $21.00, which was disclosed on Tuesday […]

Kyverna Therapeutics (KYTX Proposed) increased its IPO’s size by 48.5 percent early today – Tuesday, Feb. 6, 2024 – by raising both the number of shares and the price range, according to an S-1/A filing. The new terms: 14.5 million shares – up from 11.12 million originally – at $20.00 to $21.00 – up from […]