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AREN News

Renaissance Capital's February IPO Market Update

ACLX

In February, eight IPOs raised $271 million, a 76% y/y decline in IPO count and a 97% drop in proceeds. February IPOs raised fewer proceeds than any month since November 2018. The month’s issuers were primarily micro-caps, as the average deal size shrank to a mere $34 million; just one deal raised more than $100 million. Issuance was slow as companies finished preparing 4Q21...read more

All the small things: Small issuers keep the IPO market active as large deals wait

MHUA

While market conditions have forced most IPO candidates to the sidelines, small issuers continue to list, dominating the IPO calendar in recent weeks. As we noted, many have added warrants. Nine of the year’s 15 IPOs have raised $50...read more

US IPO Weekly Recap: 3 micro-cap IPOs come to market during the February lull

AREN

Three micro-caps debuted this past week during the IPO market’s annual February lull. Nine SPACs also priced. The pipeline remained relatively quiet, with two IPOs and one SPAC submitting initial filings. The Arena Group (AREN), a media holding company operating Sports Illustrated, TheStreet, and other brands, raised $30 million at a $172 million...read more

Digital media company The Arena Group prices NYSE American uplisting at $8.25

AREN

The Arena Group, a media holding company operating Sports Illustrated, TheStreet, and other brands, raised $30 million by offering 3.6 million shares at $8.25, below the last close of its shares on the NYSE American ($9.20). The company offered 1.2 million more shares than anticipated. Previously listed on the OTC, the company ...read more