Author Archives: Jan Paschal

Auna S.A. (AUNA), a Latin American healthcare provider backed by Peru’s private equity firm Enfoca, priced its IPO at $12.00 – $1.00 below its $13.00-to-$15.00 range – on 30.0 million shares- the number of shares in the prospectus – to raise $360.0 million on Thursday night (March 21, 2024). Auna raised $60 million less than […]

(Updated with Reddit’s debut on the NYSE on Thursday afternoon, March 21, 2024) Reddit (RDDT) shares surged to close at $50.44 – up $16.44 from their IPO price for a gain of 48.35 percent – in their New York Stock Exchange debut today (Thursday, March 21, 2024) on volume of about 47.75 million shares. Reddit […]

Toward the stars: Astera Labs (ALAB) stock opened at $52.56 – up $16.56 for a 46 percent gain from its $36.00 IPO price – on NASDAQ at 12:39 p.m. EDT today – Wednesday, March 20, 2024 – and didn’t look back. Volume on Astera Labs’ opening trade was about 2.64 million shares, NASDAQ records show. […]

Astera Labs (ALAB Proposed), the AI-driven semiconductor connectivity company, priced its IPO at $36.00 – $2.00 above the recently increased price range – on Tuesday night (March 19, 2024). The IPO’s size was 19.8 million shares – the number of shares in the prospectus. Astera Labs raised $712.8 million on Tuesday night. Astera’s IPO is expected to […]

By Jan Paschal – Posted March 18, 2024  Astera Labs (ALAB Proposed) – an AI play – increased  its IPO’s size early today to 19.8 million shares – up from 17.8 million shares – and raised the price range to $32.00 to $34.00 – up from $27.00 to $30.00. Under the new terms, Astera Labs expects to raise $653.4 million –  up […]

Astera Labs, Inc. (ALAB Proposed), an AI-driven connectivity platform, and Reddit (RDDT Proposed), an iconic social media platform, share top billing in a $1.7 billion-plus week. That total volume includes Auna S.A. (AUNA Proposed), an unprofitable Peruvian healthcare provider that aims to raise $420 million in its second attempt at going public. This week’s IPO Calendar includes about […]

(Editor’s Note: Updates column to add Santander as a global coordinator and joint book-runner in the second paragraph.) Auna S.A. (AUNA Proposed), a provider of prepaid healthcare plans in its native Peru and the operator of hospitals and clinics in Peru, Mexico and Colombia, disclosed the terms for its IPO early today (Thursday, March 14, […]

Reddit, Inc. (RDDT Proposed) disclosed the terms just before sunrise today for its long-awaited IPO: 22.0 million shares at a price range of $31.00 to $34.00 to raise $715 million, based on mid-point pricing at $32.50, according to its S-1/A filing dated March 11, 2024. This is a New York Stock Exchange listing. Reddit’s IPO […]

Brain cancer biotech NeOnc Technologies Holdings Inc. (NTHI Proposed) is set to price its $75 million IPO during the week of March 11, 2024. But it’s coming at a time when the Reddit watch party has kicked into high gear. Reddit (RDDT Proposed), the social media platform famous for its r/Wall Street Bets forum, is close […]

Astera Labs (ALAB Proposed), the semiconductor connectivity company, unveiled the terms for its $507.3 million IPO – 17.8 million shares at a price range of $27.00 to $30.00 a share – in an S-1/A filing early today – Friday, March 8, 2024. The IPO is expected to price on Tuesday night, March 19, 2024, to […]