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Updated: Renaissance Capital's 1Q 2024 US IPO Market Review

AS

US IPO Market's Green Shoots Take Root In the first quarter of 2024, the IPO market's green shoots grew further, with 30 IPOs raising a combined $7.8 billion. While deal count was in line with the 1Q23, proceeds more than tripled, thanks to the continued return of larger offerings. Fifteen US IPOs raised $100 million...read more

Renaissance Capital's February IPO Market Update

AHR

In February, 10 IPOs raised a combined $2.0 billion, led by early debuts from a handful of $100+ million offerings. Deal flow was led by healthcare and senior facilities provider American Healthcare REIT (AHR) and Mexican discount grocer BBB Foods (TBBB), which together accounted for nearly two-thirds of the month's proceeds raised. Activity...read more

US IPO Weekly Recap: Autoimmune biotech Kyverna Therapeutics gains 37% in a 6 IPO week

AHR

Six IPOs priced this past week, joined by two blank check companies. One larger deal did not get done: Fortegra (TFG) pulled its $297 million offering ahead of its expected pricing. The specialty insurer had previously attempted to go...read more

Autoimmune disease biotech Kyverna Therapeutics prices IPO at $22, above the revised range

KYTX

Kyverna Therapeutics, a Phase 1 biotech developing cell therapies for autoimmune diseases, raised $319 million by offering 14.5 million shares at $22, above the upwardly revised range of $20 to $21. The company originally planned to offer 11.1 million shares at $17 to $19 before revising the terms on Tuesday. Kyverna Therapeutics is focused on developing cell therapies for patients...read more