Author Archives: Jan Paschal

Peak Resources L.P. (PRB Proposed), an oil and gas limited partnership viewed as “a retail dividend play,” is set to price its unit IPO tonight – Tuesday, Nov. 12, 2024 – on the day after Veterans Day, the federal holiday honoring the men and women who serve or who have served in the U.S. military. This […]

Two SPACs –  Willow Lane Acquisition (WLACU) and A SPAC III Acquisition (ASPCU) – priced their IPOs and raised a total of $165 million on Thursday night, Nov. 7, 2024. Both SPAC IPOs are expected to start trading today – Friday, Nov. 8, 2024 – on the NASDAQ. Bankers priced each SPAC IPO in sync […]

GSR III Acquisition Corp. (GSRTU) raised $200 million on Wednesday night, Nov. 6, 2024, by pricing its SPAC IPO in sync with the terms in the prospectus:  20.0 million units at $10.00 each. Shares of GSR III Acquisition Corp. slipped 2 cents to open at $9.98 at noon EST today – Thursday, Nov. 7, 2024 […]

Aduro Clean Technologies (ADUR) downsized its small public offering/NASDAQ uplisting to 941,177 shares – down from 1.1 million shares (1,098,901 shares) in the prospectus – and priced the offering at $4.25 – the low end of its $4.25-to-$5.00 price range – to raise $4.0 million – on Wednesday night, Nov. 6, 2024. The company’s stock […]

The IPO Calendar is light this week as Wall Street celebrates Donald Trump’s victory in the U.S. presidential election, as Bloomberg reported. The Dow Jones Industrial Average jumped more than 1,000 points at the opening today – following through on the forecast from U.S. stock futures, which had rocketed higher while U.S. Treasury bond yields jumped. […]

Two SPAC IPOs- Bleichroeder Acquisition Corp. I and Newbury Street Acquisition II Corp. – raised $400 million combined at pricing on Halloween night, Thursday, Oct. 31, 2024: –Bleichroeder Acquisition Corp. I (BACQU) priced 25.0 million units at $10.00 each to raise $250.0 million. Cohen & Company Capital Markets and Seaport Global were the joint book-runners. Each […]

Gelteq Ltd. (GELS) priced its tiny IPO of 1.3 million shares at $4.00 – the terms in the prospectus – to raise $5.2 million on Monday night, Oct. 28, 2024. Gelteq’s stock started trading Tuesday, Oct. 29, 2024 – opening flat at $4.00 at 10:49 a.m. EDT on the NASDAQ on volume of 278,543 shares. (Editor’s Note: […]

WeRide (WRD) of China upsized its IPO at pricing to 7.74 million American Depositary Shares – up from 6.45 million ADS in the prospectus – and priced the IPO at $15.50 – the low end of its $15.50-to-$18.50 price range – to raise $120.01 million on Thursday night, Oct. 24, 2024. WeRide’s ADS opened flat at $15.50 […]

Septerna Inc. (SEPN), a thyroid-focused Phase I biotech, upsized its IPO at pricing to 16.0 million shares – up from 15.28 million shares in the recently upsized prospectus – and priced the IPO at $18.00 – as planned – to raise $288.0 million on Thursday night, Oct. 24, 2024. Septerna’s stock opened at $23.50 – up […]

Septerna Inc. (SEPN Proposed), a Phase 1 biotech focused on developing drugs to treat thyroid and autoimmune disorders, increased its IPO’s size by 57 percent to raise $275 million – up from $175 million originally – in an S-1/A filing early today – Thursday, Oct. 24, 2024. The new terms of Septerna’s IPO are: 15.28 million […]