Category Archives: The IPO Buzz

Hornbeck Offshore Services, Inc. (HOS proposed), which provides water transportation to offshore drilling platforms, filed to go public on Thursday (Dec. 7, 2023). The Louisiana oilfield services company emerged from Chapter 11 bankruptcy in September 2020 with a $100 million cash infusion from funds managed by Ares Management Corp., a private equity company, along with […]

Shares of Aimei Health Technology Co. Ltd. (AFJKU) gained 1.5 percent in their NASDAQ debut on Monday (Dec. 4, 2023). The New York-based SPAC’s stock closed at $10.15 – up 15 cents or 1.5 percent –  in its first day of NASDAQ trading on volume of about 6.2 million shares. Aimei Health’s stock  opened at […]

Shares of Garden Stage Ltd. (GSIW) surged 155 percent to close at $10.20 – more than double their $4.00 IPO price – to score a moonshot in their debut today – Dec. 1, 2023 – on the NASDAQ. Volume was slightly more than 4.9 million shares. The stock vaulted into moonshot territory shortly after noon EST today when it […]

With a wave of the curling wand: Fenbo Holdings Ltd. (FEBO), the profitable parent of a Chinese electrical hair care products manufacturer, priced its tiny IPO at $5.00, as expected, on Wednesday night (Nov. 29, 2023). Fenbo sold 1.0 million shares to raise $5.0 million – at a market cap of $55.0 million – based on […]

Fast-fashion giant Shein started the week on a strong note by submitting confidential IPO documents to the SEC on Monday (Nov. 27, 2023), The Wall Street Journal reported after the U.S. stock market’s close. The deal could be one of the biggest U.S. IPOs in years. Shein’s confidential filing was reported earlier by Shanghai Securities […]

Topical skincare products company Elevai Labs (ELAB) ended its first day of NASDAQ trading on the down beat: The stock slipped to $3.40-  down 60 cents or off 15 percent from its $4.00 IPO price – on Tuesday (Nov. 21, 2023). Volume was more than 729,000 shares. Elevai Labs’ shares had opened flat at $4.00 on Tuesday on […]

The first float in the IPO market’s short Thanksgiving parade belongs to Colombier Acquisition Corp. II  (CLBR.U). The Colombier Acquisition II SPAC IPO was increased at pricing on Monday night (Nov. 20, 2023) to 15.0 million units – up from 13.0 million units in the prospectus. Bankers priced the Colombier Acquisition II deal at $10.00, as […]

Hospitality robot maker Richtech Robotics (RR) priced its micro-cap IPO at $5.00, as expected, and slightly increased the deal’s size to 2.1 million shares – up from 2.0 million in the prospectus – to raise $10.5 million on Thursday night (Nov. 16, 2023). Richtech Robotics’ stock opened flat at $5.00 at 11:37 a.m. EST today – Friday, […]

Asian convenience food company DDC Enterprise Limited (DDC) downsized its IPO to 3.9 million shares – down from 4.25 million in the prospectus – and priced the deal at $8.50 – $1.00 below the bottom of its $9.50-to-$11.50 range – on Thursday night (Nov. 16, 2023). The IPO raised $33.15 million – about $11 million […]

Shimmick Corp. (SHIM) priced its IPO at $7.00 – $3.00 below the low end of its range – and slashed the number of shares to 3.575 million – down from 4.55 million shares in the prospectus – to raise $25.03 million on Monday night (Nov. 13, 2023). The IPO raised half of the estimated proceeds of […]