Author Archives: Jan Paschal

YXT.COM Group Holding (YXT) priced its IPO at $11.00 – the low end of the range – and trimmed the deal’s size at pricing to 2.273 million American Depositary Shares – down from 2.75 million ADS in the prospectus – to raise $25.0 million on Thursday night, Aug. 15, 2024. Each ADS equals three ordinary shares. […]

HCM II Acquisition Corp. (HONDU) priced its SPAC IPO in sync with the terms in the prospectus – 20 million units at $10.00 each – to raise $200 million on Thursday night, Aug. 15, 2024. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. HCM II Acquisition’s stock opened […]

Not tonight. WeRide (WRD Proposed) tapped the brakes today on its IPO – hours ahead of when the Chinese autonomous driving start-up’s deal was scheduled for pricing. WeRide’s IPO has rolled onto next week’s IPO Calendar, according to people familiar with the situation. When it pulls back into the IPO lane, WeRide may be sporting […]

Shares of small-cap pancreatic cancer biotech Actuate Therapeutics (ACTU) shot up 23.5 percent to open at $9.88 at 10:45 a.m. EDT today – Tuesday, Aug. 13, 2024 – up $1.88 from the $8.00 IPO price – in their NASDAQ trading debut. Volume was 8,894 shares on that opening trade, according to NASDAQ records. At the […]

Cantor Equity Partners (CEP) raised $100 million on Monday night, Aug. 12, 2024, by pricing its stock-only SPAC IPO in sync with the terms in the prospectus: 10.0 million Class A ordinary shares at $10.00 each. Cantor was the sole book-runner. Cantor Equity Partners’ stock started trading at $10.01 – up 1 penny – at […]

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,  […]