Two small deals priced this past week, neither of which were eligible for inclusion in our IPO stats, while one issuer delayed to the week ahead (AZTR). The week’s news was driven by Cummins spin-off Atmus Filtration (ATMU), which launched its $275 million IPO, and restaurant chain CAVA Group (CAVA), which filed to raise $100 million. ...read more
Strong Global Entertainment, a maker of premium projection screens being spun out of FG Group Holdings, raised $4 million by offering 1 million shares at $4, below the proposed price of $5. ...read more
Two small deals are scheduled to price in the week ahead, one of which qualifies for inclusion in our IPO stats. Other names may join the calendar during the week. Dermatology biotech Azitra (AZTR) plans to raise $12 million at a $70 million market cap. Azitra’s pipeline is currently led by ATR-12, a genetically modified strain of Staphylococcus epidermidis...read more
Strong Global Entertainment, a maker of premium projection screens being spun out of FG Group Holdings, lowered the proposed deal size for its upcoming IPO on Thursday. The Charlotte, NC-based company now plans to raise $5 million by offering 1 million shares at $5. The company has revised the terms twice before, most recently planning to offer 1.6 million shares at the same...read more
US IPO Weekly Recap: Atmus launches $275 million IPO and restaurant chain CAVA joins the pipeline
Two small deals priced this past week, neither of which were eligible for inclusion in our IPO stats, while one issuer delayed to the week ahead (AZTR). The week’s news was driven by Cummins spin-off Atmus Filtration (ATMU), which launched its $275 million IPO, and restaurant chain CAVA Group (CAVA), which filed to raise $100 million. ...read more
Projection screen maker Strong Global Entertainment prices IPO at $4
Strong Global Entertainment, a maker of premium projection screens being spun out of FG Group Holdings, raised $4 million by offering 1 million shares at $4, below the proposed price of $5. ...read more
US IPO Week Ahead: May IPO market moves along with more small deals
Two small deals are scheduled to price in the week ahead, one of which qualifies for inclusion in our IPO stats. Other names may join the calendar during the week. Dermatology biotech Azitra (AZTR) plans to raise $12 million at a $70 million market cap. Azitra’s pipeline is currently led by ATR-12, a genetically modified strain of Staphylococcus epidermidis...read more
Projection screen maker Strong Global Entertainment cuts share offering by 38% ahead of $5 million IPO
Strong Global Entertainment, a maker of premium projection screens being spun out of FG Group Holdings, lowered the proposed deal size for its upcoming IPO on Thursday. The Charlotte, NC-based company now plans to raise $5 million by offering 1 million shares at $5. The company has revised the terms twice before, most recently planning to offer 1.6 million shares at the same...read more