FTEL News

Amid the IPO market’s annual August break, five very small issuers raised a combined $42 million, well below the typically-slow month’s 10-year average (10 IPOs, $1.9B). The lineup included four traditional IPOs, all of which finished below issue, and one direct listing, which delivered volatile trading before being halted for insufficient volume. The month’s...read more

Three small issuers began trading this past week, two of which were eligible for inclusion in our IPO stats. Australia-based Fitell (FTEL) priced at the low end to raise $15 million at a $56 million market cap. The fitness retailer sells branded equipment including weights, bars, power racks, benches, and gym machines. It plans to launch smart equipment and...read more

Fitell, an online retailer of gym and fitness equipment in Australia, raised $15 million by offering 3 million shares at $5, the low end of the range of $5 to $6. Through its subsidiary GD Wellness, the company markets and sells fitness equipment and related products, primarily through three proprietary brands. The brands span products such as weights, bars, power racks, benches,...read more

The IPO market’s annual August lull is here, and with no notable launches this past week, we likely won’t see any major deals until the fall. Three small deals are currently on the calendar for the week ahead, two of which qualify for inclusion in our stats...read more