APLD News

US IPO Market Posts Its Slowest 2Q Since the Great Recession Just 21 IPOs raised $2.1 billion in the US IPO market’s slowest second quarter since 2009. Issuance was sluggish from the start and pulled back further in late May, as recession fears were heightened by record inflation...read more

After the IPO market's slowest first quarter in six years, eight IPOs raised $725 million in April, a 75% y/y decline in deal count and a 94% decline in proceeds. Just two IPOs raised more than $100 million as the year's micro-cap boom continued. While the...read more

Three IPOs debuted this past week, led by LNG services provider Excelerate Energy (EE), which completed the first $100+ million US IPO in over two months. Excelerate Energy (EE) priced at the high end to raise $384 million at a $2.5 billion market cap. The company owns a fleet of floating storage and regasification units, which are used to...read more

Applied Blockchain, which is building data centers leased to crypto miners, raised $40 million by offering 8.0 million shares at $5, below the downwardly revised range of $6 to $8. The company raised $20 million less in proceeds and sold 0.6 million fewer shares than indicated in its revised terms filed on Tuesday. Before that, it originally filed to raise $60 million by offering...read more