There was just one small IPO and one direct listing this past week. Although there were no new IPO filings, a few large deals in the pipeline updated their prospectuses, including Corebridge Financial (CRBG), Turo (TURO) Fogo Hospitality (FOGO), and Claire’s (CLRS). After delaying the previous week,...read more
Companies have broadly put listing plans on hold amid the worst IPO sell-off in over a decade, but small issuers are still on the move. So far, 21 of the year’s 34 IPOs (62%) have raised less than $50 million, the highest concentration in over a decade. Sub-$50 million IPOs have historically accounted for less than one-quarter of activity. Small issuers are on track to...read more
SOBR Safe, which is developing a non-invasive alcohol detection and identity verification system, raised $10 million by offering 2.4 million units at $4.25, the low end of the range of $4.25 to $4.75. Each unit contains one share of common stock and two warrants, exercisable at the IPO price. ...read more
SOBR Safe, which is developing a non-invasive alcohol detection and identity verification system, narrowed the price range for its upcoming IPO on Friday. In its latest filing, the company also replaced its sole bookrunner Alexander Capital with Aegis Capital Corp. The Greenwood Village, CO-based company now plans to raise $12 million by offering 2.7 million units at a price...read more
US IPO Weekly Recap: 1 small IPO and 1 direct listing begin trading
There was just one small IPO and one direct listing this past week. Although there were no new IPO filings, a few large deals in the pipeline updated their prospectuses, including Corebridge Financial (CRBG), Turo (TURO) Fogo Hospitality (FOGO), and Claire’s (CLRS). After delaying the previous week,...read more
Tiny takeover: Small issuers account for over 60% of 2022 IPO activity
Companies have broadly put listing plans on hold amid the worst IPO sell-off in over a decade, but small issuers are still on the move. So far, 21 of the year’s 34 IPOs (62%) have raised less than $50 million, the highest concentration in over a decade. Sub-$50 million IPOs have historically accounted for less than one-quarter of activity. Small issuers are on track to...read more
Nano-cap SOBR Safe prices IPO at $4.25 low end
SOBR Safe, which is developing a non-invasive alcohol detection and identity verification system, raised $10 million by offering 2.4 million units at $4.25, the low end of the range of $4.25 to $4.75. Each unit contains one share of common stock and two warrants, exercisable at the IPO price. ...read more
Nano-cap SOBR Safe narrows range ahead of $12 million Nasdaq uplisting
SOBR Safe, which is developing a non-invasive alcohol detection and identity verification system, narrowed the price range for its upcoming IPO on Friday. In its latest filing, the company also replaced its sole bookrunner Alexander Capital with Aegis Capital Corp. The Greenwood Village, CO-based company now plans to raise $12 million by offering 2.7 million units at a price...read more