The long-awaited IPO pickup lost some of its steam in October, as the US government shutdown disrupted timelines and delayed deal activity. Twenty-two IPOs raised a combined $3.2 billion, in line with the 10-year historical average by deal count (21) but well...read more
Six IPOs debuted this week, while seven SPACs listed. Eight IPOs submitted initial filings, including a handful of sizable issuers. Five SPACs also submitted initial filings. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) priced its IPO...read more
Commercial Bancgroup, a community bank with branches in Kentucky, North Carolina, and Tennessee, raised $172 million by offering 7.2 million shares (80% secondary) at $24.00, below the range of $25.75 to $27.75. The offering contained 3.4 million more shares...read more
Two sizable deals are currently scheduled to price in the week ahead as the 3Q IPO market comes to a close. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) plans to raise $500 million at a $13.0 billion market cap. Fermi is planning to...read more
Renaissance Capital's October IPO Market Update
The long-awaited IPO pickup lost some of its steam in October, as the US government shutdown disrupted timelines and delayed deal activity. Twenty-two IPOs raised a combined $3.2 billion, in line with the 10-year historical average by deal count (21) but well...read more
US IPO Weekly Recap: Data infrastructure, flood insurance, and banking debut in 6 IPO week
Six IPOs debuted this week, while seven SPACs listed. Eight IPOs submitted initial filings, including a handful of sizable issuers. Five SPACs also submitted initial filings. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) priced its IPO...read more
Tennessee community bank Commercial Bancgroup prices upsized IPO at $24, below the range
Commercial Bancgroup, a community bank with branches in Kentucky, North Carolina, and Tennessee, raised $172 million by offering 7.2 million shares (80% secondary) at $24.00, below the range of $25.75 to $27.75. The offering contained 3.4 million more shares...read more
US IPO Week Ahead: 3Q IPO market closes out with data infrastructure and flood insurance
Two sizable deals are currently scheduled to price in the week ahead as the 3Q IPO market comes to a close. Dual listing in the US and London, newly-formed REIT Fermi (FRMI) plans to raise $500 million at a $13.0 billion market cap. Fermi is planning to...read more