RR News

Eleven US IPOs raised a combined $708 million in November, well below the month's historical 10-year average (16 IPOs, $4.2B). Deal flow was led by three sizable issuers, and remaining activity came from smaller companies, all of which raised $33 million or less. The month's IPOs averaged a weak -22% return from offer, and only two deals finished above issue, both of which raised...read more

Four smaller IPOs priced this past week, joined by one SPAC. The biggest news came from the pipeline, with product assessment services provider UL Solutions (ULS) filing for an estimated $1 billion IPO, followed by a sizable filing from metabolic disease biotech Carmot Therapeutics (CRMO). Other large issuers on file provided updates ahead of...read more

Richtech Robotics, which develops and sells service robots for the hospitality and other industries, raised $11 million by offering 2.1 million shares at $5, as expected. The company offered 0.1 million more shares than anticipated. It originally planned to offer 3 million shares at a range of $4 to $6, before revising the terms earlier this month. With a global R&D team based...read more

Richtech Robotics, which develops and sells service robots for the hospitality and other industries, lowered the proposed deal size for its upcoming IPO on Wednesday. In its latest filing, the company also removed Pacific Century Securities as lead bookrunner and added Revere Securities as an underwriter. The Las Vegas, NV-based company now plans to raise $10 million by offering 2...read more