Author Archives: Jan Paschal

China’s WeRide (WRD Proposed), which describes itself as the world’s only autonomous driving company with test permits in four countries, unveiled the terms of its $109.7 million IPO after the closing bell on Friday (Aug. 9, 2024). WeRide intends to price its IPO this week. WeRide rolled onto the IPO Calendar as the only sizable […]

Healthcare-focused Voyager Acquisition Corp. (VACHU) raised $220 million by pricing 22.0 million units at $10.00 each in its SPAC IPO on Thursday night, Aug. 8, 2024. The Voyager Acquisition deal was priced in sync with the recently downsized terms in its prospectus. Each unit consists of one Class A ordinary share and one-half of one […]

EQV Ventures Acquisition Corp.  (EQVU) raised $350 million– as expected – on Tuesday night, Aug. 6, 2024 – on the heels of the U.S. stock market’s rally following Monday’s brutal sell-off. EQV Ventures Acquisition priced 35.0 million units at $10.00 each – in sync with the terms in its prospectus. Each unit consisted of one Class A […]

A light August IPO Calendar – typical for this time of year – is facing an epic storm in global stock markets today – Monday, Aug. 5, 2024 – after Japan’s Nikkei Stock Average fell 12.4 percent, marking its worst day since 1987. That set the stage for a rough day on Wall Street. At […]

The IPO market is taking a slow summer walk this week. Just two tiny deals are on tap – plus the Fed’s July meeting, which started today – Tuesday, July 30, 2024. That summer break follows the fever dream of last week. IPO bankers raised almost $6 billion during the week of July 22, 2024,  […]

NIP Group (NIPG), the owner of the esports brand Ninjas in Pyjamas, priced its IPO at $9.00 – the low end of its $9.00-to-$11.00 price range – and sold 2.25 million American Depositary Shares to raise $20.25 million on Thursday night, July 25, 2024. Jackson Wang, Hong Kong-born singer and pop star, is among NIP […]

Lineage (LINE), the world’s largest cold food storage REIT, raised $4.4 billion in the biggest IPO of 2024 so far on Wednesday night, July 24, 2024. Lineage priced its REIT IPO at $78.00 – above the $76.00 mid-point and below the $82.00 top of its range. The LINE deal was supersized at pricing to 56.88 […]

KKR-backed OneStream (OS) priced its IPO at $20.00 – $1.00 above the top of its $17.00-to-$19.00 range – and sold 24.5 million shares – the number of shares in the prospectus – to raise $490 million on Tuesday night, July 23, 2024. OneStream’s AI-enabled software platform caters to CFOs and other financial services professionals. OneStream’s […]

Tokyo-based BloomZ (BLMZ) priced its micro-cap IPO at $4.30 – as expected – and sold 1.25 million ordinary shares – the number of shares  in the prospectus – to raise $5.38 million on Tuesday night, July 23, 2024. BloomZ shares are expected to start trading Wednesday, July 24, 2024, on the NASDAQ. Network 1 Financial […]

Primega Group Holdings Limited  (PGHL) of Hong Kong priced its small-cap IPO at $4.00 – the low end of its $4.00-to-$6.00 range – and sold 1.5 million shares to raise $6 million early Monday, July 22, 2024. Primega’s shares started trading at $5.60 – up $1.60 for a 40 percent gain from their $4.00 IPO price […]