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US IPO Weekly Recap: July closes out with 2023’s first direct listing and a wave of small IPOs

SRFM

A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility (SRFM) completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5. The company provides a regional air mobility platform and intends to develop powertrain technology to electrify existing fleets...read more

Real estate lending platform Janover prices IPO at $4

JNVR

Janover, which operates an online B2B commercial real estate lending platform, raised $6 million by offering 1.4 million shares at $4, as expected. The company offered 0.2 million more shares than anticipated. At pricing, Janover has a market cap of less than $50 million, so the company will be excluded from Renaissance Capital's 2023 IPO stats.  ...read more

Commercial real estate lending platform Janover slashes proposed deal size by 58% ahead of $5 million IPO

JNVR

Janover, which operates an online B2B commercial real estate lending platform, lowered the proposed deal size for its upcoming IPO on Monday. In its latest filing, the company also disclosed financials for the year ended December 31, 2022, and named Spartan Capital Securities as the sole underwriter on the deal. The Boca Raton, FL-based company now plans to raise $5 million by...read more

Commercial real estate lending platform Janover lowers proposed deal size by 28% ahead of $12 million IPO

JNRV

Janover, which operates an online B2B commercial real estate lending platform, lowered the proposed deal size for its upcoming IPO on Tuesday. In its latest filing, the company also disclosed financials for the nine months ended September 30, 2022, and added Craft Capital Management as an underwriter. The Boca Raton, FL-based company now plans to raise $12 million by offering 2.4...read more