DRCT News

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

Direct Digital Holdings, which provides an end-to-end programmatic advertising platform to SMBs, raised $15 million by offering 2.8 million units at $5.50, the low end of the downwardly revised range of $5.50 to $7.50. Each unit consists of one share of Class A common stock and one warrant, exercisable at the IPO price. The company offered 50k more units than...read more

Direct Digital Holdings, which provides an end-to-end programmatic advertising platform to SMBs, lowered the proposed deal size for its upcoming IPO on Monday. The Houston, TX-based company now plans to raise $18 million by offering 2.8 million units at a price range of $5.50 to $7.50. It most recently filed to offer 2.2 million units at a range of $7 to $9 in a late January terms...read more

After another volatile week for the IPO market, up to eight deals may price in the week ahead, all raising $30 million or less. It's unlikely that all eight will be completed, given the current market conditions and the fact that a number of IPOs are...read more