HOUR News

While market conditions have forced most IPO candidates to the sidelines, small issuers continue to list, dominating the IPO calendar in recent weeks. As we noted, many have added warrants. Nine of the year’s 15 IPOs have raised $50...read more

In the first month of 2022, eight IPOs raised $1.7 billion, mostly tech and healthcare. Private equity giant TPG headlined the month, followed by semiconductor play Credo Technology; the other six were either biotechs or micro-caps. Market conditions weighed on activity, and a number of companies pulled their deals, with four postponements and six withdrawals during the month....read more

The IPO market kicked off the new year with three biotechs and an online home goods retailer, joined by four SPACs. Nine IPOs and three SPACs submitted initial filings. CinCor Pharma (CINC) upsized and priced at the midpoint to raise $194 million at a $612 million market cap. CinCor's lead candidate has been designed to use a differentiated mechanism of action...read more

Hour Loop, an online retailer selling various household goods primarily on Amazon, raised $6 million by offering 1.5 million shares at $4.  Hour Loop operates primarily as a third-party seller on Amazon.com, selling items within home/garden decor, kitchenware, apparel, and electronics. In total, the company manages more than 100k SKUs. The company is headquartered in Redmond,...read more