Category Archives: The IPO Buzz

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 […]

Product testing and safety standards company UL Solutions Inc. (ULS proposed) filed to go public early today – Monday, Nov. 13, 2023 – without disclosing the terms for its IPO.  Some on the Street estimate the IPO’s proceeds at $1 billion. The “UL” in the company’s name stands for Underwriters Laboratories, which began testing electrical […]

Hamilton Insurance Group (HG) priced its IPO at $15.00 – $1.00 below the low end of its $16.00-to-$18.00 price range – on Thursday night (Nov. 9, 2023). The profitable Bermuda specialty insurance and reinsurance company priced 15.0 million shares – the number of shares in the prospectus – at $15.00 to raise $225.0 million. The IPO raised $30 […]

Cancer biotech CARGO Therapeutics (CRGX) priced its IPO at $15.00 – the low end of the  $15.00-to-$17.00 price range – on Thursday night, Nov. 9, 2023. The cancer cell therapy company priced 18.75 million shares – the number of shares in the prospectus – at $15.00 to raise $281.25 million. That’s $18.75 million less than […]

SPACs grabbed the early November spotlight. Two SPAC IPOs raised a combined $361.5 million on Wednesday night (Nov. 8, 2023): AI Transportation Acquisition Corp. (AITRU) upsized its SPAC IPO at pricing to 6.15 million units – up from 5.0 million units in the prospectus – and priced the deal at $10.00, as expected, to raise […]

Phase 2 cancer clinical biotech CARGO Therapeutics (CRGX proposed) launched its $300 million IPO early today (Monday, Nov. 6, 2023) by disclosing terms: 18.75 million shares at $15.00 to $17.00. The IPO is expected to price Thursday night, Nov. 9, 2023, to trade Friday, Nov. 10, on the NASDAQ. If CARGO Therapeutics prices its IPO […]

Gene therapy startup Lexeo Therapeutics (LXEO) priced its IPO at $11.00 – $2.00 below the low end of its $13.00-to-$15.00 range – on Thursday night, Nov. 2, 2023. Lexeo Therapeutics slightly increased the number of shares to 9.09 million – up from 9.0 million in the prospectus – to raise $100.0 million. The deal raised […]

Bermuda-based Hamilton Insurance Group, Ltd. (HG proposed) launched its $255 million IPO early today (Wednesday, Nov. 1, 2023) by disclosing terms: 15.0 million Class B common shares at $16.00 to $18.00. (Source: S-1/A filing dated Nov. 1, 2023) The IPO is scheduled for pricing next week – on Thursday night, Nov. 9, to trade Friday, […]

Alpha Technology Group Ltd. (ATGL) opened flat at $4.00 – its IPO price – at 10:45 a.m. EDT today and quickly rose to $4.54 in its NASDAQ debut on Halloween (Tuesday,  Oct. 31, 2023). Before noon EDT, Alpha Technology Group’s stock popped above $5.00. At around 12:34 p.m. EDT, the stock hit $6.54 – its session […]