Commentary & News

There’s not much on the IPO calendar in the week ahead, though a closed-end fund is slated to complete a billion-dollar offering. While not included in our stats, Bill Ackman’s Pershing Square USA (PSUS) is expected to raise up to $4 billion and list on the NYSE in the coming week. The company plans to invest in 12 to 15 large-cap, investment grade,...read more

Nine IPOs debuted this week, raising a total of more than $5.9 billion. One SPAC also listed. Four IPOs and two SPACs submitted initial filings this past week. Leading temp-controlled warehouse REIT Lineage (LINE) priced its upsized IPO slightly above the midpoint to raise $4.4 billion at a $19.4 billion market cap, in 2024’s largest IPO of the year to date...read more

Breathe BioMedical, a Canadian medical technology company developing a breath test for breast cancer, raised the proposed deal size for its upcoming IPO on Friday. The Moncton, Canada-based company now plans to raise $13 million by offering 2.6 million shares at a price range of $4 to $6. The company had previously filed to offer 1.6 million shares at the same range. At the revised...read more

WeRide, a Chinese developer of autonomous vehicle systems and software, filed on Friday with the SEC to raise up to $100 million in an initial public offering. WeRide is developing autonomous driving products and services, including Level 4 autonomy. It is currently operating and testing its products throughout 30 cities in 7 countries, and also offers paid autonomous robotaxi...read more