Author Archives: Jan Paschal

Northann Corp. (NCL), a California manufacturer and distributor of 3D-printed vinyl flooring, priced its sharply downsized IPO at $5.00 – the high end of its $3.00-to-$5.00 range – to raise $6.0 million on Wednesday night (Oct. 18, 2023). The company cut the number of shares by 60 percent – to 1.2 million shares – down from […]

Abivax S.A., a French biotech whose ulcerative colitis drug candidate is in Phase 3 clinical trials, aims to raise $250 million in its NASDAQ uplisting this week. Abivax (ABVX proposed) launched its U.S. public offering of 18.68 million American Depositary Shares (ADS) on Monday (Oct. 16, 2023) by disclosing terms and starting its roadshow. The […]

Birkenstock Holding plc (BIRK) priced its IPO at $46.00 – just below its $46.50 mid-point – on 32.26 million shares – the same number in the prospectus – to raise $1.5 billion, the company said tonight. The IPO’s price range was $44.00 to $49.00. The profitable Birkenstock Holding is the British parent of the iconic […]

Birkenstock is getting ready to walk the IPO runway. Wall Street hopes that this will be a victory stroll for Birkenstock Holding plc (BIRK proposed) – the British parent of the iconic German sandal company. The sandals’ design heritage goes back to 1774. “Barbie” wore a pair of light pink leather Birkenstock Arizona slides in […]

Bankers priced two SPAC IPOs Thursday night (Oct. 5, 2023): Quetta Acquisition Corp. (QETAU) – 6.0 million units at $10.00 each – and Spark I Acquisition Corp. (SPKLU) – 10.0 million units at $10.00 each. These are the first blank check companies to go public since August – bringing the SPAC IPO count to 24 […]

Off to the races in October: Birkenstock Holding Limited (BIRK proposed), the parent of the iconic German sandal company, unveiled the terms early today for its $1.5 billion IPO: 32.26 million ordinary shares at a price range of $44.00 to $49.00, according to an F-1/A filing dated Oct. 2, 2023. The company is offering 10.75 […]

Ouch. The American Depositary Shares (ADS) of Adlai Nortye Ltd. (ANL) closed their first day of NASDAQ trading today at $15.00 – down $8.00 or off 34.78 percent from their $23.00 IPO price. The Cayman Island company’s NASDAQ debut got off to a rough start. Adlai Nortye’s ADS slid 21.7 percent to open at $18.00 – $5.00 below […]

Hong Kong-based VSME Media Holdings Ltd. (VSME) priced its IPO in sync with its prospectus – 2.0 million shares at $5.00 to raise $10.0 million – on Wednesday night (Sept. 27, 2023). VSME Media Holdings’ stock jumped $1.00 – or 20 percent – to open at $6.00 at 10:30 a.m. EDT today (Thursday, Sept. 28, 2023) […]

As September draws to a close, the IPO Calendar looks like an Asian buffet. Seven of this week’s 10 small-cap IPOs are for companies headquartered in Asia. Hong Kong (China) and Singapore each claim two IPOs in the week ahead. Japan, Taiwan and Pakistan are each home to one IPO set for pricing during the […]

Shares of Spain’s Turbo Energy SA (TURB) shot up $1.89 – up 37.8 percent from their $5.00 IPO price – to open at $6.89 at 10 a.m. EDT today (Friday, Sept. 22, 2023) on the NASDAQ. Volume was just shy of 101,000 shares on the first trade. The stock hit an intraday high at $7.90 in the morning […]