Author Archives: Jan Paschal

Rubrik (RBRK Proposed), a data security company, unveiled the terms of its IPO – 23.0 million shares at $28.00 to $31.00 to raise $678.5 million – in an S-1/A filing early today (Tuesday, April 16, 2024). The IPO is expected to price next week. This is a New York Stock Exchange listing. The estimated proceeds […]

Two big IPOs – Centuri, a natural gas play, and Ibotta, an AI-driven digital ad platform – are in the spotlight today – Monday, April 15, 2024 – after Iran attacked Israel over the weekend. Both IPOs are set to price mid-week. Both are New York Stock Exchange listings. The rest of this week’s IPO […]

Now that’s an upsizing: UL Solutions (ULS) increased its IPO’s size by 20 percent on Thursday night, April 11, 2024, and priced the deal at $28.00 – near the top of its range – to raise $946.4 million. The company’s parent, ULSE Inc., sold 33.8 million shares – up from 28.0 million in the prospectus. […]

PACS Group (PACS) upsized its IPO at pricing to 21.43 million shares – up from 19.05 million shares – and priced the deal at $21.00 – the mid-point of its $20.00-to-$22.00 range – to raise $450.0 million on Wednesday night, April 10, 2024. PACS Group’s stock opened today – Thursday, April 11, 2024 – on the […]

Household name UL Solutions Inc. (ULS Proposed) and nursing home operator PACS Group (PACS Proposed) share the IPO marquee this week with plans to raise a combined $1.2 billion. Both are New York Stock Exchange listings. Both are profitable companies whose IPOs are set to price this week. These two big IPOs are part of the […]

Ibotta Inc. (IBTA Proposed), a Denver digital advertising rewards company, filed the terms for its IPO early today – Monday, April 8, 2024: 5.63 million shares (5,625,000 shares) at the eye-popping price range of $76.00 to $84.00 to raise $450.0 million, based on mid-point pricing at $80.00. This is a New York Stock Exchange listing. […]

Contineum Therapeutics (CTNM), a Phase 1/Phase 2 biotech, priced its downsized IPO at $16.00 – the low end of its $16.00-to-$18.00 range – on Thursday night, April 4, 2024. The deal’s size was slashed to 6.88 million shares (6,875,000 shares) – down from 8.8 million shares in the prospectus. Contineum Therapeutics raised $110.0 million – well below […]

UL Solutions Inc. (ULS Proposed) set the terms and the date for its $770 million IPO early today – Tuesday, April 2, 2024 – in a post-Easter parade of deals that could raise more than $1 billion. The product testing and safety standards company disclosed in its S-1/A filing today that it plans to offer […]

April got underway for the IPO market early today – Monday, April 1, 2024 –  with the launch of Phase I biotech Contineum Therapeutics (CTNM Proposed). The San Diego-based biotech, which is developing drugs to treat progressive MS (multiple sclerosis) and IPF (idiopathic pulmonary fibrosis), plans to price its $149.6 million IPO later this week to […]

Boundless Bio (BOLD) priced its IPO at $16.00 – the mid-point of its range – on just 6.25 million shares – the number of shares in the prospectus – to raise $100.0 million on Wednesday night, March 27, 2024. The Phase 1/Phase 2 cancer biotech’s stock sank in its first day of NASDAQ trading  on Thursday, March […]