Author Archives: Jan Paschal

Go bigger and higher: Sionna Therapeutics (SION), a cystic fibrosis-focused biotech,  upsized its IPO at pricing to 10.59 million shares – up from 8.82 million shares – and priced its IPO at $18.00 – the high end of its $16.00-to-$18.00 range – to raise $190.59 million on Thursday night, Feb. 6, 2025. At pricing, the […]

Titan America (TTAM) priced its IPO at $16.00 – matching the price talk and below the mid-point of its $15.00-to-$18.00 range – and sold 24.0 million shares – the number in the prospectus – to raise $384.0 million on Thursday night, Feb. 6, 2025. At pricing, Titan America had a market cap of about $2.95 […]

Identity security software company SailPoint (SAIL Proposed) unveiled the terms and  launched its $1 billion IPO early today – Tuesday, Feb. 4, 2025: 50.0 million shares at a price range of $19 to $21 a share. Of the 50.0 million shares in the IPO, the company is offering 47.5 million shares and the selling shareholders […]

Cystic fibrosis-focused biotech Sionna Therapeutics (SION Proposed) unveiled its IPO terms early today on the first business day in February 2025. Sionna Therapeutics intends to offer 8.82 million shares – at a price range of $16.00 to $18.00  – to raise $150.0 million, according to an S-1/A filing early today – Monday, Feb. 3, 2025. […]

More stock – priced at the mid-point: Maze Therapeutics (MAZE), a biotech developing drugs to treat chronic kidney disease (CKD), increased its IPO’s size – to 8.75 million shares – up from 7.8 million shares in the prospectus – and priced its IPO at $16.00 – the mid-point of its $15.00-to-$17.00 price range – to raise […]

Metsera (MTSR), the developer of a weight-loss shot, priced its IPO at $18.00 – $1.00 above the top of its $15.00-to-$17.00 price range – on Thursday night, Jan. 30, 2025. The New York biotech, however, trimmed the IPO’s size at pricing to 15.28 million shares – down from 17.19 million shares in the prospectus – […]

Infinity Natural Resources (INR), an oil and natural gas producer involved in fracking in Ohio and Pennsylvania, priced its IPO at $20.00 – $1.00 below the top of its $18.00-to-$21.00 price range – on Thursday night, Jan. 30, 2025. Infinity Natural Resources sold 13.25 million shares – the number of shares in the prospectus – at […]

Insulin delivery device maker Beta Bionics (BBNX) increased its IPO’s size to 12.0 million shares – up from 10.0 million shares – and priced the IPO at $17.00 – the top of its range – to raise $204.0 million on Wednesday night, Jan. 29, 2025. At pricing, Beta Bionics had a market cap of $729.13 million. (This column, […]

FG Merger II Corp. (FGMCU) priced its small SPAC IPO – 8.0 million units at $10.00 each – and raised $80.0 million on Tuesday night, Jan. 28, 2025.This financial services-focused SPAC IPO is among three SPAC IPOs on tap this week. If all three SPAC IPO deals get done, they will  raise $430 million in […]

Titan America SA (TTAM Proposed), the leading manufacturer and supplier of cement, concrete and other heavy building materials serving the metro New York area and the U.S. Eastern Seaboard, disclosed the terms for its $396 million IPO – 24.0 million shares at a price range of $15.00 to $18.00 – in an F-1/A filing early […]