Category Archives: The IPO Buzz

The 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 […]

Hospitality 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, […]

Asian 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 […]

Shimmick 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 […]

Product 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 […]

Hamilton 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 […]

Cancer 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 […]

SPACs 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 […]

Phase 2 cancer clinical biotech CARGO Therapeutics (CRGX proposed) launched its $300 million IPO early today (Monday, Nov. 6, 2023) by disclosing terms: 18.75 million shares at $15.00 to $17.00. The IPO is expected to price Thursday night, Nov. 9, 2023, to trade Friday, Nov. 10, on the NASDAQ. If CARGO Therapeutics prices its IPO […]

Gene therapy startup Lexeo Therapeutics (LXEO) priced its IPO at $11.00 – $2.00 below the low end of its $13.00-to-$15.00 range – on Thursday night, Nov. 2, 2023. Lexeo Therapeutics slightly increased the number of shares to 9.09 million – up from 9.0 million in the prospectus – to raise $100.0 million. The deal raised […]