So far this year, 13 companies have gone public via direct listing, marking the biggest year ever for the IPO alternative. Nearly half have come to market in the past two months. But the year’s direct listings average a dismal -71% return from first trade,...read more
The last major IPO of August priced this week, joined by a direct listing and two SPACs. One sizable issuer joined the pipeline. Defense tech roll-up Lyntris (LNYX) priced its downsized IPO below the range to raise $298 million at a $2.0 billion market cap....read more
First Breach, an ammunition manufacturer for commercial, law enforcement, and military markets, completed its direct listing on the Nasdaq on Thursday, 8/20. From March 2023 through March 2026, First Breach issued shares of common stock at a range of $1 to $8...read more
First Breach, an ammunition manufacturer for commercial, law enforcement, and military markets, filed on Thursday with the SEC to register its shares with the SEC and complete a direct listing on the Nasdaq. The shares of common stock listed will be sold...read more
Direct listings are having a record year, but performance tells a different story
So far this year, 13 companies have gone public via direct listing, marking the biggest year ever for the IPO alternative. Nearly half have come to market in the past two months. But the year’s direct listings average a dismal -71% return from first trade,...read more
US IPO Weekly Recap: Lyntris and First Breach lead a defense-heavy week
The last major IPO of August priced this week, joined by a direct listing and two SPACs. One sizable issuer joined the pipeline. Defense tech roll-up Lyntris (LNYX) priced its downsized IPO below the range to raise $298 million at a $2.0 billion market cap....read more
Small ammo maker First Breach completes Nasdaq direct listing
First Breach, an ammunition manufacturer for commercial, law enforcement, and military markets, completed its direct listing on the Nasdaq on Thursday, 8/20. From March 2023 through March 2026, First Breach issued shares of common stock at a range of $1 to $8...read more
Ammunition manufacturer First Breach files for a direct listing on the Nasdaq
First Breach, an ammunition manufacturer for commercial, law enforcement, and military markets, filed on Thursday with the SEC to register its shares with the SEC and complete a direct listing on the Nasdaq. The shares of common stock listed will be sold...read more