September promises to be a hectic month, if this morning’s traffic at the SEC is any indication. Six IPOs jumped on the IPO Calendar today for pricing in the week of Sept. 13, 2021, the second full week of the month. Bankers expect to raise $2.79 billion from these six IPOs, if all are priced at the mid-point. The rush of IPO activity was expected, based on the blistering pace of IPOs this year.
This week’s IPO market also got under way – with just one deal scheduled for pricing tonight. Banner Acquisition (BNNRU proposed), a special-purpose acquisition company or SPAC, is set for pricing tonight, to start trading Wednesday on the NASDAQ. BofA Securities is the sole book-runner for this SPAC deal.
Other than the swoosh of filings at the U.S. Securities and Exchange Commission, Wall Street is still fairly quiet today. That’s not unusual for the first work day after the long Labor Day holiday weekend.
Many on Wall Street are out of the office today for the observance of Rosh Hashanah, the Jewish New Year. For all of our IPOScoop readers and subscribers who are celebrating Rosh Hashanah, we wish you a sweet and healthy 5782!
(Editor’s Note: IPOScoop will update this bulletin with a full IPO Buzz column later this week.)