Category Archives: The IPO Buzz

ODDITY Tech (ODD proposed), the Israeli beauty brand and consumer tech platform, disclosed terms early today (Monday, July 10, 2023) for its IPO and set a pricing date for next week. (Please see the IPO Calendar for details.) The company, known for its IL MAKIAGE makeup brand, said its IPO will consist of 10.53 million shares (10,526,314 […]

It’s biotech Monday. Sagimet Biosciences (SGMT proposed) and Apogee Therapeutics (APGE proposed) set terms for their IPOs early today (Monday, July 10, 2023) and landed on the IPO Calendar for pricing this week. (Editor’s Note: This column, published early today, has been updated with pricing dates.) Sagimet Biosciences (SGT proposed) plans to offer 4.69 million shares […]

Prestige Wealth, Inc. (PWM) priced its micro-cap IPO at $5.00 – the low end of its $5.00-to-$6.00 range – and raised $5 million, the Hong Kong-based company said in an announcement dated today (Thursday, July 6, 2023). The company priced 1.0 million shares, the same number in the prospectus. The stock dipped in its NASDAQ debut, […]

The Fourth of July holiday week is traditionally quiet in the IPO market – and this year is no exception. Only two micro-cap IPOs are scheduled for pricing this week so far. Both deals are listed on a fluid “week of July 3, 2023” basis. The staff of IPOScoop is in holiday mode until Wednesday, […]

Intensity Therapeutics (INTS), a cancer biotech’s small-cap IPO, and Vesta Real Estate Corp. (VTMX), a Mexican industrial real estate company’s ADS offering, scored solid gains on Friday, June 30, 2023. Intensity Therapeutics’ stock jumped 19 percent to open at $5.95, up 95 cents from its $5.00 IPO price, on the NASDAQ. At the closing bell, […]

Fidelis Insurance Holdings Ltd. (FIHL), the Bermuda-based specialty insurance and reinsurance company, priced its downsized IPO at $14.00 – $2.00 below the bottom of its $16.00-to-$19.00 price range – on Wednesday night (June 28, 2023). The IPO’s size was cut to 15.0 million shares – down from 17.0 million shares in the prospectus. The downsized […]

Kodiak Gas Services (KGS) priced its IPO at $16.00 – $3.00 below the bottom of its $19.00-to-$22.00 price range – on 16.0 million shares – the number of shares in the prospectus – on Wednesday night (June 28, 2023). The Permian Basin gas services company raised $256 million in its IPO. Kodiak Gas Services’ stock […]

Savers Value Village, Inc. (SVV) increased its IPO’s size to 22.29 million shares – up from 18.75 million in the prospectus – and priced the deal at $18.00 – $1.00 above the top of its $15.00-to-$17.00 range – on Wednesday night (June 28, 2023). This was a case of private equity sweetening the pot. The additional […]

IPO investors must have worked up an appetite for GEN Korean BBQ. GEN Restaurant Group (GENK), the parent of the GEN Korean BBQ chain, upsized its IPO by 20 percent and priced the deal at $12.00 – the high end of its $10,00-to-$12.00 range – on Tuesday night (June 27, 2023). The IPO was increased […]

The summer of 2023 is getting off to a good start with three big IPOs. These three deals – the centerpiece of the IPO Calendar for the week of June 26, 2023 – aim to raise a total of $925.5 million, if each is priced at the mid-point of its range. There seems to be […]