Author Archives: Jan Paschal

Prestige Wealth, Inc. (PWM) priced its micro-cap IPO at $5.00 – the low end of its $5.00-to-$6.00 range – and raised $5 million, the Hong Kong-based company said in an announcement dated today (Thursday, July 6, 2023). The company priced 1.0 million shares, the same number in the prospectus. The stock dipped in its NASDAQ debut, […]

The Fourth of July holiday week is traditionally quiet in the IPO market – and this year is no exception. Only two micro-cap IPOs are scheduled for pricing this week so far. Both deals are listed on a fluid “week of July 3, 2023” basis. The staff of IPOScoop is in holiday mode until Wednesday, […]

Intensity Therapeutics (INTS), a cancer biotech’s small-cap IPO, and Vesta Real Estate Corp. (VTMX), a Mexican industrial real estate company’s ADS offering, scored solid gains on Friday, June 30, 2023. Intensity Therapeutics’ stock jumped 19 percent to open at $5.95, up 95 cents from its $5.00 IPO price, on the NASDAQ. At the closing bell, […]

Fidelis Insurance Holdings Ltd. (FIHL), the Bermuda-based specialty insurance and reinsurance company, priced its downsized IPO at $14.00 – $2.00 below the bottom of its $16.00-to-$19.00 price range – on Wednesday night (June 28, 2023). The IPO’s size was cut to 15.0 million shares – down from 17.0 million shares in the prospectus. The downsized […]

Kodiak Gas Services (KGS) priced its IPO at $16.00 – $3.00 below the bottom of its $19.00-to-$22.00 price range – on 16.0 million shares – the number of shares in the prospectus – on Wednesday night (June 28, 2023). The Permian Basin gas services company raised $256 million in its IPO. Kodiak Gas Services’ stock […]

Savers Value Village, Inc. (SVV) increased its IPO’s size to 22.29 million shares – up from 18.75 million in the prospectus – and priced the deal at $18.00 – $1.00 above the top of its $15.00-to-$17.00 range – on Wednesday night (June 28, 2023). This was a case of private equity sweetening the pot. The additional […]

IPO investors must have worked up an appetite for GEN Korean BBQ. GEN Restaurant Group (GENK), the parent of the GEN Korean BBQ chain, upsized its IPO by 20 percent and priced the deal at $12.00 – the high end of its $10,00-to-$12.00 range – on Tuesday night (June 27, 2023). The IPO was increased […]

The summer of 2023 is getting off to a good start with three big IPOs. These three deals – the centerpiece of the IPO Calendar for the week of June 26, 2023 – aim to raise a total of $925.5 million, if each is priced at the mid-point of its range. There seems to be […]

Beauty is in the eye of the beholder. In the case of ODDITY Tech Ltd., beauty is also seen through the eyes of an ex-Israeli Defense Forces’ intelligence expert. ODDITY Tech (ODD proposed), the Israeli parent of the IL MAKIAGE makeup brand and the SpoiledChild hair- and skin-care brand, filed to go public on Friday […]

The big banks roared back from the long holiday weekend with the launch today of three big IPOs. Kodiak Gas Services, Inc. (KGS proposed), Savers Value Village, Inc. (SVV proposed) and Fidelis Insurance Holdings, Ltd. (FIHL proposed) set terms for their IPOs and launched the deals today (Tuesday, June 20, 2023) for pricing next week. The action […]