Author Archives: Jan Paschal

‘Twas the week before Christmas and all through the Street – bankers hope to price 10 deals – dreaming of a bonus so sweet. With a nod to Clement Clarke Moore, IPO bankers are preparing to increase their deal count and dollar volume in the last full work week of the year – during the […]

Shanghai-based NetClass Technology (NTCL) priced its micro-cap IPO at $5.00 – the mid-point of its $4.00-to-$6.00 price range – on 1.8 million shares to raise $9.0 million on Thursday night. At pricing, NetClass Technology had a market cap of $77.8 million. NetClass Technology shares started trading today – Friday, Dec. 13, 2024 – at $5.25 […]

Two SPAC IPOs – Mountain Lake Acquisition Corp.  (MLACU) and Roman DBDR Acquisition Corp. II  (DRDBU) – raised a total of $410.0 million on Thursday night, Dec. 12, 2024. (Corrects dollar amount raised by Mountain Lake Acquisition to $210 million – The SPAC IPO was upsized at pricing to 21.0 million units – up from […]

Australian transcatheter heart valve developer Anteris Technologies Global (AVR) priced its NASDAQ uplisting/public offering at $6.00 – below its $6.78 reference price – and sold 14.8 million shares – the number of shares in the prospectus – to raise $88.8 million on Thursday night, Dec. 12, 2024. The $6.00 IPO price gave Anteris Technologies Global […]

ServiceTitan (TTAN), the cloud platform born in “the trades,” priced its IPO at $71 – $4 above the top of its recently upward revised range – and raised $624.8 million on Wednesday night, Dec. 11, 2024. ServiceTitan’s stock surged to open at $101 – up $30 for a 42.3 percent jump from its IPO price […]

Jackson Acquisition II (JACS.U) priced its SPAC IPO in sync with the terms in its prospectus – 20.0 million units at $10.00 each – and raised $200 million on Monday night, Dec. 9, 2024. Each unit consists of one share of common stock and one right to receive one-tenth (1/10th) of a share of common stock […]

ServiceTitan (TTAN Proposed) increased its IPO’s price range to $65 to $67 – up from $52 to $57 originally – and kept the deal’s number of shares at 8.8 million shares – to raise $580.8 million, if the IPO is priced at its new mid-point of $66, according to an S-1/A filing early today – Tuesday, […]

ServiceTitan (TTAN Proposed) is the name to know on Wall Street this week. ServiceTitan’s IPO is the largest deal on the IPO Calendar for the week of Dec. 9, 2024. Some think it may be the last big IPO of the year before Wall Street snaps the book shut on sizable deals for the year. […]

Linkers Industries Ltd. (LNKS), whose Malaysian operating subsidiary manufactures and supplies wire and cable harnesses, downsized its small IPO at pricing to 1.9 million Class A ordinary shares – down from 2.2 million shares in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$6.00 range – to raise […]

Shepherd Ave Capital Acquisition Corp. (SPHAU), a Wilmington, Delaware-based SPAC, priced its small SPAC IPO – 7.5 million units at $10.00 each – to raise $75.0 million on Wednesday night, Dec. 4, 2024. Shepherd Ave Capital Acquisition’s stock opened flat at $10.00 at 10:45 a.m. EST today – Thursday, Dec. 5, 2024 – on the […]