Author Archives: Jan Paschal

Tech unicorns are back out on the IPO dance floor. Instacart (CART proposed), the online grocery delivery pioneer, and Klaviyo (KVYO proposed), a marketing and data automation software company, are leading this week’s IPO Calendar of 10 deals – nine IPOs and one tiny NASDAQ uplisting. Bankers expect to raise about $1.2 billion, if all […]

A vanilla ice cream cone or a hot fudge sundae with the works: Two biotech IPOs took different approaches to pricing their deals on Thursday night (Sept. 14, 2023). Neumora Therapeutics (NMRA) priced its IPO in sync with the terms in its prospectus – 14.7 million shares at $17.00, the mid-point of its $16.00-to-$18.00 price […]

Arm Holdings plc (ARM) shares shot up 24.7 percent to close at $63.59 – up $12.59 from their $51.00 IPO price – in their first day of NASDAQ trading on Thursday (Sept. 14, 2023). The day got off to a great start for Arm, the biggest U.S. IPO in nearly two years. Arm’s stock jumped 10 percent […]

Birkenstock let the other sandal drop after the close. The iconic German sandal manufacturer filed its F-1 late this afternoon (Tuesday, Sept. 12, 2023) without disclosing terms for its U.S. IPO other than the proposed symbol “BIRK” and the venue. This will be a New York Stock Exchange listing. Birkenstock’s IPO filing comes near the […]

Instacart, Inc. (CART proposed) filed terms for its long-awaited IPO – 22.0 million shares at $26.00 to $28.00 – early today (Monday, Sept. 11, 2023). Of the 22.0 million shares, Instacart is offering only 14.1 million shares, while selling stockholders are offering 7.9 million shares. If the IPO is priced at the $27.00 mid-point of […]

The IPO market kicks into high gear this week. SoftBank Group’s chip CPU unit  Arm Holdings Ltd. (ARM proposed) is set to price its $4.7 billion IPO – the biggest IPO since Rivian (RIVN) in November 2021 – on Wednesday night (Sept. 13, 2023). Instacart (CART proposed), the online grocery delivery service, is expected to disclose its […]

SoftBank Group’s Arm Holdings Ltd. (ARM proposed) showed its IPO cards early today: 95.5 million American Depositary Shares (ADS) at a price range of $47.00 to $51.00 to raise $4.68 billion ($4,679.5 million) in what will be the biggest IPO of 2023, according to its F-1 filing dated Sept. 5, 2023. If Arm prices its […]

Wall Street hopes that a September gold rush will start when SoftBank’s Arm files terms for its IPO after Labor Day. SoftBank’s chip CPU design unit Arm Holdings Ltd. (ARM proposed) is likely to disclose its IPO terms in an SEC filing at the crack of dawn on Tuesday (Sept. 5, 2023) as Wall Street […]

Inspire Veterinary Partners (IVP) priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$6.00 range – to raise $6.4 million on Tuesday night (Aug. 29, 2023). The regional U.S. veterinary hospital chain’s IPO priced 1.6 million shares – the same number of shares in the prospectus. The IPO was increased to 1.6 million […]

Instacart finally gave the Street what it wanted. The San Francisco-based online grocery app’s parent, Maplebear Inc., filed Instacart’s long-awaited S-1 on Friday (Aug. 25, 2023) for an IPO that some IPO pros say could raise up to $1 billion. Instacart’s IPO filing had been on Wall Street’s watch list for at least the past […]