XELB News

Breaking news: Two-thirds of this week's IPOs broke issue. Last week, we noted that the recent stretch of strong first-day pops (+26%) with weak follow-through performance (-3%) was likely unsustainable. This week, IPOs averaged a loss of...read more

Xcel Brands, which licenses a portfolio of acquired apparel brands, raised $16 million by offering 1.8 million shares at $9, below the range of $10 to $11. Xcel Brands plans to list on the Nasdaq under the symbol XELB. Wunderlich Securities acted as a lead manager on the deal....read more

The largest biotech ever to go public is on the calendar for this week, targeting a $2.2 billion valuation at IPO. Ten IPOs and two blank check companies plan to raise over $2 billion. Half are set to have a market cap of less than $200 million, and for these our ...read more

Xcel Brands, which licenses a portfolio of acquired apparel brands, announced terms for its IPO on Friday. The New York, NY-based company plans to raise $16 million by offering 1.5 million shares at a price range of $10 to $11. At the midpoint of the proposed range, Xcel Brands would command a fully diluted market value of $198 million. Xcel's business is centered around...read more