Renaissance Capital logo

SEZL News

Another volatile direct listing: reAlpha soars on day one and plummets on day two

AIRE

reAlpha Tech (AIRE) completed the year's fourth direct listing on Monday, and it's the latest to deliver extremely volatile trading in its first days as a public company. The short-term rental operator listed on the Nasdaq and soared on its first day, reaching an intraday high of $575 with little volume. It ended the day just shy of $407, a nearly ...read more

Renaissance Capital's August IPO Market Update

ARM

Amid the IPO market’s annual August break, five very small issuers raised a combined $42 million, well below the typically-slow month’s 10-year average (10 IPOs, $1.9B). The lineup included four traditional IPOs, all of which finished below issue, and one direct listing, which delivered volatile trading before being halted for insufficient volume. The month’s...read more

US IPO Weekly Recap: Sezzle direct lists and a micro-cap IPO pops and drops

FOGO

There were three pricings this past week, two of which are included in our IPO stats. One blank check IPO also debuted, and one issuer submitted an initial filing. Pipeline and private company news from the past week provided more hints about fall IPO activity. There are some big names lining up potential listings next month, including chip designer Arm, luxury...read more

ASX-listed payments platform Sezzle announces today, August 17 for Nasdaq direct listing date

SEZL

Sezzle, which provides online merchants with an installment-based payment platform, is expected to begin trading on the Nasdaq today, August 17, 2023, according to an 8-K filed with the SEC. It plans to list under the symbol SEZL. The Minneapolis, MN-based company is currently listed on the Australian Securities Exchange under the symbol "SZL", where its shares closed August...read more