GENK News

US IPO Market Gains Momentum in the 2Q In the second quarter of 2023, 23 IPOs raised a combined $6.6 billion. While deal count held steady from the prior-year period, quarterly proceeds were the highest in six quarters, even without J&J spin-off Kenvue's $3.8 billion IPO. Nine IPOs raised $100 million or more,...read more

Seven issuers began trading in the final week of June, six of which are eligible for inclusion in our IPO stats and four of which raised $100+ million. They were joined by one blank check company. The 2Q saw the IPO market end with much more momentum than it began. For detailed discussion of activity over the past quarter and what it means for the second half of the year, read our...read more

GEN Restaurant Group, a Korean BBQ restaurant chain with 34 locations in the US, raised $43 million by offering 3.6 million shares at $12, the high end of the range of $10 to $12. The company offered 0.6 million more shares than anticipated. GEN's restaurants offer traditional Korean and Korean-American food, including unlimited meats, poultry, seafood, and mixed vegetables at a...read more

Updated Monday, 6/26. Six IPOs are currently scheduled to debut in the week ahead, four of which plan to raise $100+ million. Mexico-listed Vesta Real Estate (VTMX) plans to raise $401 million at a $2.6 billion market cap. Focused on industrial properties, Vesta is a fully-integrated, internally managed real estate company, with a portfolio of 202...read more