MDV News

Three micro-caps debuted this past week during the IPO market’s annual February lull. Nine SPACs also priced. The pipeline remained relatively quiet, with two IPOs and one SPAC submitting initial filings. The Arena Group (AREN), a media holding company operating Sports Illustrated, TheStreet, and other brands, raised $30 million at a $172 million...read more

Modiv, a single-tenant net lease REIT with 38 retail, office, and industrial properties in the US, raised $1 million by offering 40k shares at $25, as expected. The IPO float represents just 0.5% of the basic shares outstanding. Modiv plans to make monthly distributions. ...read more

Modiv, a single-tenant net lease REIT with 38 retail, office, and industrial properties in the US, announced terms for its IPO on Wednesday. The Newport Beach, CA-based company plans to raise $1 million by offering 40k shares at $25. At the proposed price, Modiv would command a market value of $189 million. The IPO float represents just 0.5% of the basic shares outstanding. Modiv...read more

After a quiet start to the month, the IPO market picked up slightly with three IPOs this past week, joined by 21 SPACs. The pipeline stayed relatively quiet, with just two IPOs and six SPACs submitting initial filings. Brazil-based Nu Holdings (NU) priced at the high end of downwardly revised range to raise $2.6 billion at a $43.4 billion market cap. Operating as...read more