Off to the races in October: Birkenstock Holding Limited (BIRK proposed), the parent of the iconic German sandal company, unveiled the terms early today for its $1.5 billion IPO: 32.26 million ordinary shares at a price range of $44.00 to $49.00, according to an F-1/A filing dated Oct. 2, 2023. The company is offering 10.75 […]
October 2, 2023 Read MoreOuch. The American Depositary Shares (ADS) of Adlai Nortye Ltd. (ANL) closed their first day of NASDAQ trading today at $15.00 – down $8.00 or off 34.78 percent from their $23.00 IPO price. The Cayman Island company’s NASDAQ debut got off to a rough start. Adlai Nortye’s ADS slid 21.7 percent to open at $18.00 – $5.00 below […]
September 29, 2023 Read MoreHong Kong-based VSME Media Holdings Ltd. (VSME) priced its IPO in sync with its prospectus – 2.0 million shares at $5.00 to raise $10.0 million – on Wednesday night (Sept. 27, 2023). VSME Media Holdings’ stock jumped $1.00 – or 20 percent – to open at $6.00 at 10:30 a.m. EDT today (Thursday, Sept. 28, 2023) […]
September 28, 2023 Read MoreAs September draws to a close, the IPO Calendar looks like an Asian buffet. Seven of this week’s 10 small-cap IPOs are for companies headquartered in Asia. Hong Kong (China) and Singapore each claim two IPOs in the week ahead. Japan, Taiwan and Pakistan are each home to one IPO set for pricing during the […]
September 25, 2023 Read MoreShares of Spain’s Turbo Energy SA (TURB) shot up $1.89 – up 37.8 percent from their $5.00 IPO price – to open at $6.89 at 10 a.m. EDT today (Friday, Sept. 22, 2023) on the NASDAQ. Volume was just shy of 101,000 shares on the first trade. The stock hit an intraday high at $7.90 in the morning […]
September 22, 2023 Read MoreTech unicorn Klaviyo, Inc. (KVYO) priced its IPO at $30.00 – $1.00 above its recently increased price range – to raise $576 million on Tuesday night (Sept. 19, 2023). The Boston-based marketing and data automation software company’s IPO consisted of 19.2 million shares – the same number in the prospectus. The above-range pricing at $30.00 gave […]
September 20, 2023 Read MoreInstacart (CART) shares shot up 40 percent to open at $42.00 – up $12.00 from their $30.00 IPO price – in their NASDAQ debut at 12:49 p.m. EDT today (Tuesday, Sept. 19, 2023), NASDAQ records showed. Volume was about 2.59 million shares on the opening trade, according to NASDAQ. Instacart’s stock rose as much as 43 […]
September 19, 2023 Read MoreInstacart (CART ) priced its IPO at $30.00 – the high end of its recently raised price range of $28.00 to $30.00 – on Monday night (Sept. 18, 2023). The online grocery delivery pioneer sold 22.0 million shares – the same number of shares in the prospectus – at $30.00 each to raise $660.0 million in the […]
September 18, 2023 Read MoreShopify-backed Klaviyo Inc. (KVYO proposed), a marketing and data automation software company, raised its price range early today – to $27.00 to $29.00 – up from $25.00 to $27.00 initially – reflecting the warm buzz surrounding the tech unicorn’s IPO. The Boston-based company kept the number of shares at 19.2 million – 11.51 million shares from […]
Read MoreTech unicorns are back out on the IPO dance floor. Instacart (CART proposed), the online grocery delivery pioneer, and Klaviyo (KVYO proposed), a marketing and data automation software company, are leading this week’s IPO Calendar of 10 deals – nine IPOs and one tiny NASDAQ uplisting. Bankers expect to raise about $1.2 billion, if all […]
September 17, 2023 Read More