NTCL News

NetClass Technology, which provides professional education software and services in China, revised the terms for its upcoming IPO on Thursday. The Shanghai, China-based company now plans to raise $9 million by offering 1.8 million shares at a price range of $4 to $6. The company had previously filed to offer the same number of shares at a range of $5 to $6. At the midpoint of the...read more

Three IPOs and one SPAC debuted this past week, while three IPOs submitted initial filings. Phase 1 oncology biotech Boundless Bio (BOLD) raised $100 million at a $396 million market cap. The company is focused on developing therapies for oncogene amplified tumors by targeting extrachromosomal DNA (ecDNA). Its lead ecDTx, BBI-355, is a novel, oral, selective...read more

NetClass Technology, which provides professional education software and services in China, filed on Tuesday with the SEC to raise up to $10 million in an initial public offering. NetClass' new initial filing was submitted concurrently with the withdrawal of its prior F-1, submitted in March 2023 (NTCL.XX). The company had previously planned to raise $17 million by offering...read more

Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted initial filings. Oslo-listed maritime bulk carrier Himalaya Shipping (HSHP) raised $45 million at a $231...read more