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GPAK News

US IPO Weekly Recap: Birkenstock missteps in public debut

BIRK

Five companies priced IPOs this week, led by Birkenstock’s (BIRK) $1.5 billion offering. Three small issuers submitted initial filings. Birkenstock priced its IPO just below the midpoint to raise $1.5 billion at an $8.6 billion market cap, making it one of the largest consumer discretionary IPOs of the past two decades. Cornerstone...read more

US IPO Weekly Recap: Holdover Adlai Nortye leads 4 IPO week as more small deals enter the pipeline

ANL

The third quarter wrapped up with four IPOs and eight pipeline additions. Oncology biotech Adlai Nortye (ANL) raised $58 million at an $849 million market cap. The company originally planned to raise $72 million in August but never priced; it removed and then set new terms earlier this month. Operating through subsidiaries in the US and China, Adlai...read more

Early-stage esports firm Gamer Pakistan prices IPO at $4, the low end of the range

GPAK

Gamer Pakistan, a pre-revenue organizer of esports events in Pakistan, raised $7 million by offering 1.7 million shares at $4, the low end of the range of $4 to $5. Concurrently, selling shareholders registered 1.7 million shares, which may be offered and sold from time to time. Gamer Pakistan states that it is a development-stage interactive esports event promotion and product...read more

US IPO Weekly Recap: Instacart and Klaviyo IPOs debut with mixed trading

CART

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