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US IPO Weekly Recap: July closes out with 2023’s first direct listing and a wave of small IPOs

SRFM

A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility (SRFM) completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5. The company provides a regional air mobility platform and intends to develop powertrain technology to electrify existing fleets...read more

Japanese insurance services provider Warrantee prices downsized US IPO at $4

WRNT

Warrantee, which provides extended warranties in exchange for marketable consumer data in Japan, raised $10 million by offering 2.4 million ADSs at $4, as expected. The company offered 0.4 million fewer ADSs than anticipated. Warrantee is a Japanese marketing and market research technology company that provides corporate sponsors' potential customers with extended warranty coverage...read more

Japanese insurance services provider Warrantee submits new initial filing for an $11 million US IPO

WRNT

Warrantee, which provides extended warranties in exchange for marketable consumer data in Japan, filed a new F-1 with the SEC on Friday, withdrawing its most recent prospectus; it had filed in December 2022 to raise $20 million by offering 5 million ADSs at $4. In its new filing, Warrantee also replaced sole bookrunner Network 1 Financial Securities with Prime Number Capital,...read more

Japanese insurance services provider Warrantee submits new initial filing for a $20 million US IPO

WRNT

Warrantee, which provides extended warranties in exchange for marketable consumer data in Japan, filed a new F-1 with the SEC on Tuesday. It had previously filed in June 2022. In its new filing, the company also disclosed financials for the fiscal year ended March 31, 2022, and disclosed the completion of a 2-for-1 split. The Osaka, Japan-based company plans to raise $20 million by...read more