The IPO Buzz: Churchill Capital IX Prices First SPAC IPO of May
First SPAC IPO of May: Michael Klein’s SPAC IPO – Churchill Capital Corp. IX/Cayman (CCIXU) was priced Wednesday night, May 1, 2024, to trade today – Thursday, May 2 – on the NASDAQ. Churchill Capital Corp. IX priced its SPAC IPO in sync with the terms in its prospectus: 25.0 million units at $10.00 each to raise $250.0 million. Each unit consists of one Class A ordinary share and one-..
Read more May 2, 2024IPO Calendar
| Company | Symbol proposed | Shares (Millions) | Est. $ Volume | Expected to Trade | SCOOP Rating | Rating Change |
|---|---|---|---|---|---|---|
| Key Mining Corp. | KMCM | 4.4 | $ 10.0 mil | 5/3/2024 Friday | S/O | S/O |
| Armlogi Holding Corp. | BTOC | 2.0 | $ 10.0 mil | 5/6/2024 Week of | S/O | S/O |
| Lirum Therapeutics | LRTX | 2.3 | $ 25.0 mil | 5/6/2024 Week of | S/O | S/O |
Last 100 IPOs - May 2, 2024
| Number of IPOs priced : | 100 |
| Number Up: | 33 |
| Number Down: | 66 |
| Number Unchanged: | 1 |
| Percentage Change From Issue Price: | 6.19% |
| Percentage Change for The Nasdaq Composite | 13.18% |
2024 IPO Scorecard - May 2, 2024
| Number of IPOs priced (Excluding 7 units) : | 61 |
| Number Up: | 23 |
| Number Down: | 37 |
| Number Unchanged: | 1 |
| Total Return From Issue Price: | 8.28% |
| The Nasdaq Composite Index YTD % Change | 3.96% |