Category Archives: The IPO Buzz

Reddit, Inc. (RDDT Proposed) disclosed the terms just before sunrise today for its long-awaited IPO: 22.0 million shares at a price range of $31.00 to $34.00 to raise $715 million, based on mid-point pricing at $32.50, according to its S-1/A filing dated March 11, 2024. This is a New York Stock Exchange listing. Reddit’s IPO […]

Brain cancer biotech NeOnc Technologies Holdings Inc. (NTHI Proposed) is set to price its $75 million IPO during the week of March 11, 2024. But it’s coming at a time when the Reddit watch party has kicked into high gear. Reddit (RDDT Proposed), the social media platform famous for its r/Wall Street Bets forum, is close […]

Astera Labs (ALAB Proposed), the semiconductor connectivity company, unveiled the terms for its $507.3 million IPO – 17.8 million shares at a price range of $27.00 to $30.00 a share – in an S-1/A filing early today – Friday, March 8, 2024. The IPO is expected to price on Tuesday night, March 19, 2024, to […]

ARCH Venture Partners is the big name behind Boundless Bio Inc. (BOLD Proposed), a Phase 1 cancer biotech that filed plans for a $100 million IPO on Wednesday (March 6, 2024) after the closing bell. The S-1 filing did not disclose terms for the IPO. This is a NASDAQ listing. Boundless Bio was founded in 2018 […]

Singapore’s ride-hailing app – Ryde Group Ltd. (RYDE) – priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – on Tuesday night, March 5, 2024. Ryde Group priced 3.0 million Class A ordinary shares – the number in the prospectus – at $4.00 to raise $12.0 million on Tuesday […]

Lucas GC Limited (LGCL), a profitable Chinese job recruitment platform for HR professionals, is the first IPO priced in March 2024. Lucas upsized its IPO at pricing – to 1.5 million shares – up from 1.25 million in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$6.00 range […]

Ride on may be the mantra for the IPO Calendar as March begins. The Ryde Group Ltd. (RYDE Proposed), a Singapore-based carpooling, ride-hailing and package delivery app, plans to price its  micro-cap IPO early this week. RYDE is one of four carry-over deals from last week. The carry-overs represent half of this week’s lineup of […]

SolarMax Technology (SMXT) priced its small-cap IPO at $4.00 and sold 4.5 million shares – the terms in the prospectus – and raised $18.0 million, Wall Street sources confirmed today (Tuesday, Feb. 27, 2024). Shares of SolarMax Technology scored a moonshot at around 1:50 p.m. EST today – jumping to $8.38 – up 109.5 percent […]

Finally: Reddit Inc. (RDDT Proposed) pulled back the curtain to reveal its plans for going public with its S-1 filing on Thursday afternoon (Feb. 22, 2024). The San Francisco-based social media company, whose r/Wall Street Bets subreddit drove the “meme stock” madness during the pandemic, did not disclose terms for its IPO. Reddit, founded in […]

AI-focused Astera Labs, Inc. gave Wall Street a welcome wake-up call today – Wednesday, Feb. 21, 2024 – with the unveiling of its plans to go public. The chip connectivity products, software and platform developer’s IPO is estimated at a placeholder figure of $100 million. Some on the Street believe that Astera Labs’ IPO could raise five times […]