Author Archives: Jan Paschal

MBX Biosciences (MBX Proposed), a Phase 2 biotech targeting endocrine and metabolic diseases, disclosed the terms for its $127.5 million IPO and launched the deal early today – Monday, Sept. 9, 2024 – for pricing later this week. MBX Biosciences Inc. is offering 8.5 million shares at a price range of $14.00 to $16.00 to […]

Two biotechs – Bicara Therapeutics (BCAX Proposed) and Zenas BioPharma (ZBIO Proposed) – lead the IPO Calendar this week – the week of Sept. 9, 2024 – with plans to raise about $200 million each. Both IPOs are similar in size: Each company plans to offer about 11.8 million shares at a price range of […]

Zenas BioPharma (ZBIO Proposed), a Phase 2/Phase 3 clinical biotech focused on MS and other autoimmune diseases, disclosed the terms for its $199.9 million IPO and launched the deal early today – Friday, Sept. 6, 2024 – for pricing next week. The clinical biotech is offering 11.8 million shares at a price range of $16.00 […]

Cancer biotech Bicara Therapeutics (BCAX Proposed) disclosed the terms for its $200 million IPO early today – Friday, Sept. 6, 2024 – and launched the deal for a NASDAQ debut next week. The biotech, which is targeting head and neck squamous cell cancer, is offering 11.765 million shares at a price range of $16.00 to […]

Get your  motors running: Andretti Acquisition Corp. II (POLEU) and Vine Hill Capital Investment Corp. (VCICU) raised $200 million each on Thursday night, Sept. 5, 2024, to become the first two SPAC IPOs priced in September 2024. Andretti Acquisition II and Vine Hill Capital Investment are expected to start trading today – Friday, Sept. 6, […]

Powell Max (PMAX) cut its small IPO at pricing to 1.43 million shares (1,426,750 shares) and priced the deal at $4.00 – the low end – to raise $5.71 million, the company said today – Thursday, Sept. 5, 2024. Powell Max shares opened today at $4.30 – up 30 cents from their IPO price – in […]

  Pheton Holdings Ltd.( PTHL) trimmed its small IPO to 2.25 million shares at pricing – down from 2.5 million shares in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$5.00 range – to raise $9 million on Wednesday night, Sept. 4, 2024. Pheton’s stock slipped in its […]

Labor Day Monday marked the pause before the IPO market’s run for the home stretch of the year. There’s plenty of power in the IPO Pipeline  – with 10 IPOs in the $100 million-and-up class aiming to raise combined proceeds of at least $1.1 billion. And though $1 billion-plus is a nice round number, it […]

GigCapital7 (GIGGU) shares slipped in their NASDAQ debut on Thursday, Aug. 29, 2024, after the SPAC downsized its IPO by 20 percent at pricing and raised $200 million on Wednesday night. GigCapital7 Corp.’s stock opened at $9.94 – down 6 cents from its $10.00 IPO price – at 10:03 a.m. EDT on Thursday, Aug. 29, […]

Safe Pro Group (SPAI) priced its downsized small-cap IPO at $5.00 – the mid-point of its $4.75-to-$5.25 price range – and sold 1.0 million shares to raise $5.0 million on Tuesday night, Aug. 27, 2024. Safe Pro’s stock started trading at $4.00 – down $1.00 or off 20 percent from its $5.00 IPO price – […]