Author Archives: Jan Paschal

Smithfield Foods (SFD) priced its IPO at $20.00 – $3.00 below the $23.00-to-$27.00 range in the prospectus – and cut the IPO’s size at pricing to about 26.09 million shares – down from 34.8 million shares in the prospectus – to raise $521.74 million on Monday night, Jan. 27, 2025. (This column, published early Tuesday, […]

Chronic kidney disease-focused Maze Therapeutics (MAZE Proposed) disclosed the terms for its $124.8 million IPO early today – Monday, Jan. 27, 2025 – and launched the deal to price this week. Maze Therapeutics plans to offer 7.8 million shares at a price range of $15.00 to $17.00 to raise $124.8 million, if priced at the […]

LNG producer Venture Global (VG) priced its IPO at $25.00 – the mid-point of its recently lowered price range of $23.00 to $27.00 – and sold all 70.0 million shares – the number of shares in the prospectus – to raise $1.75 billion on Thursday night, Jan. 23, 2025. At pricing, the market cap was $60.5 billion. […]

Venture Global (VG Proposed) slashed its price range to $23.00 to $27.00 – down from $40.00 to $46.00 – and increased the number of shares to 70.0 million shares – up from 50.0 million shares – to raise $1.75 billion, according to an S-1/A filing early today – Wednesday, Jan. 22, 2025. The sharp cut […]

Beta Bionics (BBNX Proposed), the developer of the iLet Bionic Pancreas (iLet) – the first insulin delivery device approved by the FDA to use adaptive closed-loop algorithms to autonomously determine every insulin dose without requiring a user to count carbohydrate intake – disclosed the terms for its $112.5 million IPO early today – Wednesday, Jan. […]

Smithfield Foods (SFD Proposed) disclosed the terms for its IPO – 34.8 million shares at a price range of $23.00 to  $27.00 per share – to raise $870 million, if priced at the $25.00 mid-point, according to an S-1/A filing early today – Tuesday, Jan. 21, 2025. The company launched the deal early today as […]

Whoosh! Flowco Holdings Inc. (FLOC) shares shot up to $29.00 – opening up $5.00 or 20.8 percent above their $24.00 IPO price – at about 1:02 p.m. EST today – Thursday, Jan. 16, 2025. The Houston-based oil and gas wellhead services operator’s IPO was priced $1.00 above the top of its $21.00-to-$23.00 range – on […]

Oil and gas wellhead services operator Flowco Holdings Inc. (FLOC) priced its IPO at $24.00 – $1.00 above the top of its $21.00-to-$23.00 range – and sold 17.8 million shares – the number of shares in the prospectus – to raise $427.2 million on Wednesday night, Jan. 15, 2025. The market cap is about $2.1 billion. Flowco’s deal […]

Venture Global (VG Proposed), the parent of a U.S.-based producer of liquefied natural gas, unveiled the terms for its $2.2 billion IPO today – Monday, Jan. 13, 2025. The Arlington, Virginia-based company plans to offer 50.0 million shares at a price range of $40.00 to $46.00 to raise $2.15 billion, assuming mid-point pricing at $43.00. […]

Mint Inc. Ltd. (MIMI), the Hong Kong-based holding company of an interior design and fit-out firm, priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 range – and raised $7.0 million on Wednesday night, Jan. 8, 2025. Mint sold 1.75 million shares – the number of shares in the prospectus. At […]