Eight small companies and four SPACs entered the public market this past week. Continuing a 4Q trend, all eight deals priced below the midpoint; the average IPO priced 11% below the midpoint, traded up 1% on its first day, and finished the week up 3%. Four of...read more
LGL Systems Acquisition, a blank check company led by Marc Gabelli and executives from L3 Technologies targeting the defense industry, raised $150 million by offering 15 million units at $10. The company upsized its offering by 2.5 million units, raising an...read more
In the week ahead, nine IPOs and one SPAC are set to raise $2.6 billion, 75% of which is from GFL Environmental (GFL). GFL is joined by a California bank, three biotechs, two diagnostic/medical device companies, and two Chinese issuers. Six of the...read more
After one of the busiest weeks of the year, just three deals are on the IPO calendar for the week ahead: two biotechs and a Chinese real estate platform, which plan to raise a combined $222 million. In addition, as many as three SPACs may raise up to $475...read more
US IPO Weekly Recap: Small Chinese and healthcare deals price down in an 8-IPO week
Eight small companies and four SPACs entered the public market this past week. Continuing a 4Q trend, all eight deals priced below the midpoint; the average IPO priced 11% below the midpoint, traded up 1% on its first day, and finished the week up 3%. Four of...read more
Gabelli-led black check LGL Systems Acquisition prices upsized $150 million IPO at $10
LGL Systems Acquisition, a blank check company led by Marc Gabelli and executives from L3 Technologies targeting the defense industry, raised $150 million by offering 15 million units at $10. The company upsized its offering by 2.5 million units, raising an...read more
US IPO Week Ahead: The largest Canadian IPO ever leads a 9-IPO week
In the week ahead, nine IPOs and one SPAC are set to raise $2.6 billion, 75% of which is from GFL Environmental (GFL). GFL is joined by a California bank, three biotechs, two diagnostic/medical device companies, and two Chinese issuers. Six of the...read more
US IPO Week Ahead: IPO market is ghosted with just 3 deals this week
After one of the busiest weeks of the year, just three deals are on the IPO calendar for the week ahead: two biotechs and a Chinese real estate platform, which plan to raise a combined $222 million. In addition, as many as three SPACs may raise up to $475...read more