LNKB News

IPO Market Misfires in the Slowest 3Q in Over a Decade It was the worst third quarter for new issuers in over a decade, with 25 IPOs raising $2.4 billion as the 2022 US IPO market remains on track to raise the lowest proceeds of any year in our firm's 30+ year history. While issuance did pick up slightly from the...read more

LINKBANCORP, a Pennsylvania community bank with 11 branches, raised $34 million by offering 4.6 million shares at $7.50, below the range of $8.00 to $9.50. The company had been listed on the OTC (LNKB). Through its subsidiary The Gratz Bank, LINKBANCORP offers personal and business lending and deposit services to individuals, families, nonprofit, and business clients...read more

Six deals are expected to begin trading in the week ahead, though only five meet the criteria for our IPO stats. The group is led by AIG carve-out Corebridge Financial (CRBG) and biotech Third Harmonic Bio (THRD). In what could be the largest deal of 2022 so far, Corebridge plans to raise $1.8 billion at a fully diluted market...read more

One small IPO and one SPAC began trading this past week, though the biggest news came from the pipeline. Two sizable deals launched in the short holiday week, AIG carve-out Corebridge Financial (CRBG) and biotech Third Harmonic Bio (THRD). Corebridge’s $1.8 billion offering would be the largest IPO of the year, ahead of PE firm...read more