The IPO market’s tech unicorn drought ended this past week, with grocery deliver platform Instacart (CART) and marketing SaaS company Klaviyo (KVYO). Despite the fanfare leading up to their big debuts, reception was lackluster. Both issuers opened well above their IPO prices on the first day but fell from there, and trading was mixed...read more
Davis Commodities, a Singapore-based commodity trading company focused on sugar, rice, and fats, raised $4 million by offering 1.1 million shares at $4, the low end of the range of $4.00 to $4.50. Because the company raised less than $5 million, Davis Commodities will be excluded from Renaissance Capital's 2023 IPO stats. Davis Commodities is an...read more
Davis Commodities, a Singapore-based commodity trading company focused on sugar, rice, and fats, lowered the proposed deal size for its upcoming IPO on Wednesday. The Singapore-based company now plans to raise $4.6 million by offering 1.1 million shares (100% primary) at a price range of $4.00 to $4.50. Concurrently, selling shareholders have registered 2.0 million shares via a...read more
Davis Commodities, a Singapore-based commodity trading company focused on sugar, rice, and fats, raised the proposed deal size for its upcoming IPO on Monday. The company now plans to raise $14 million by offering 3.4 million shares (55% secondary) at a price range of $4.00 to $4.50. The company had previously filed to offer the same number of shares at a range of $3.00 to $5.00....read more
US IPO Weekly Recap: Instacart and Klaviyo IPOs debut with mixed trading
The IPO market’s tech unicorn drought ended this past week, with grocery deliver platform Instacart (CART) and marketing SaaS company Klaviyo (KVYO). Despite the fanfare leading up to their big debuts, reception was lackluster. Both issuers opened well above their IPO prices on the first day but fell from there, and trading was mixed...read more
Singapore-based Davis Commodities prices US IPO at $4, the low end of the range
Davis Commodities, a Singapore-based commodity trading company focused on sugar, rice, and fats, raised $4 million by offering 1.1 million shares at $4, the low end of the range of $4.00 to $4.50. Because the company raised less than $5 million, Davis Commodities will be excluded from Renaissance Capital's 2023 IPO stats. Davis Commodities is an...read more
Singapore-based Davis Commodities slashes deal size by 68% ahead of $5 million US IPO
Davis Commodities, a Singapore-based commodity trading company focused on sugar, rice, and fats, lowered the proposed deal size for its upcoming IPO on Wednesday. The Singapore-based company now plans to raise $4.6 million by offering 1.1 million shares (100% primary) at a price range of $4.00 to $4.50. Concurrently, selling shareholders have registered 2.0 million shares via a...read more
Singapore-based commodities distributor Davis Commodities revises terms ahead of $14 million US IPO
Davis Commodities, a Singapore-based commodity trading company focused on sugar, rice, and fats, raised the proposed deal size for its upcoming IPO on Monday. The company now plans to raise $14 million by offering 3.4 million shares (55% secondary) at a price range of $4.00 to $4.50. The company had previously filed to offer the same number of shares at a range of $3.00 to $5.00....read more