Author Archives: Jan Paschal

Private equity-backed hospital and healthcare chain Ardent Health Partners (ARDT) priced its IPO at $16.00 – $4.00 below the bottom of its range – and cut the deal’s size to 12.0 million shares – down from 14.3 million shares in the prospectus – to raise $192.0 million on Wednesday night, July 17, 2024. The IPO’s […]

Sweet 17: Property and casualty insurer TWFG Inc. (TWFG) priced its IPO at $17.00 – $1.00 above the top of its range – and sold the full 11.0 million shares in the prospectus – to raise $187.0 million on Wednesday night, July 17, 2024. The IPO raised $22 million more than if it had been priced at the […]

Lineage (LINE Proposed) launched its $3.57 billion IPO early today for pricing next week – in an S-11/A filing dated July 16, 2024. The early Tuesday filing by the frozen warehouse REIT heated up an IPO Calendar that started the week with some sizzle. The terms of Lineage’s IPO might prompt some double-takes: 47.0 million […]

Shortly after sunrise, Artiva Biotherapeutics, Inc. (ARTV Proposed) disclosed the terms for its revived IPO and launched the $130.5 million deal for pricing this week. Artiva Biotherapeutics is offering 8.7 million shares at a price range of $14.00 to $16.00 to raise $130.5 million, if the IPO is priced at the $15.00 mid-point. The market […]

Greek shipping company Icon Energy Corp. (ICON) priced its tiny IPO at $4.00 – the low end of its range. The company sold 1.25 million shares – as expected – at $4.00 each to raise $5 million on Thursday night, July 11, 2024. The price range was $4.00 to $6.00. ICON Energy’s stock slipped at the opening […]

Healthcare-focused SIM Acquisition Corp. I (SIMAU) raised $200 million – as expected – by pricing its SPAC IPO on Tuesday night, July 9, 2024. At pricing, SIM Acquisition I became the second SPAC IPO priced so far in July. The SIM I  deal was the 18th SPAC IPO priced in 2024 so far. SIM Acquisition […]

Property and casualty insurer TWFG Inc. (TWFG Proposed) unveiled the terms for its $165 million IPO – expected to price next week – in an SEC filing early today (Tuesday, July 9, 2024). TWFG, which caters to individual and small business clients, is offering 11.0 million Class A shares at a price range of $14.00 […]

Hospital chain Ardent Health Partners (ARDT Proposed) hopes the second time around for its IPO will be just what the doctor ordered. Ardent Health Partners disclosed the terms for its IPO – 14.3 million shares at a price range of $20.00 to $22.00 to raise $300.3 million, if priced at the $21.00 mid-point, according to […]

Office equipment and supply company EShallgo Inc. (EHGO) priced its micro-cap IPO at $4.00 – the low end of its range – and sold 1.25 million shares – the number of shares in the prospectus – to raise $5.0 million on Monday night, July 1, 2024. The price range was $4.00 to $6.00. EShallGo’s stock […]

The IPO traffic will be light this week – in keeping with tradition for the Fourth of July holiday. The U.S. stock market will be closed on Thursday, July 4, 2024, for the federal holiday also known as Independence Day.  Many market participants – Wall Street pros and investors – take the entire week off […]