LUCY News

Three small issuers began trading in another quiet week for the IPO market, though just two met our tracking criteria. In the pipeline, two IPOs submitted initial filings. The most notable news from the pipeline, AIG carve-out Corebridge Financial (CRBG) disclosed 1H22 financials this past Tuesday ahead of an estimated $3 billion IPO which could launch as early...read more

Innovative Eyewear, which sells Bluetooth connected eyewear under the brand Lucyd, raised $7.4 million by offering 1 million units at $7.50, the low end of the upwardly revised range of $7.50 to $9.50. The company offered 0.1 million more units than anticipated. It last revised terms in July, having previously filed to offer 1.5 million units at $5.50 to $7.50. Each unit contains...read more

After an active week by 2022 standards, as many as four more micro-cap IPOs are scheduled to price in the third week of August. If the current market rally continues, we may see an increase in filing activity following Labor Day. Innovative Eyewear (LUCY) raised $7 million by offering 1.0 million units at the $7; it begins trading on the Nasdaq on Monday. The...read more

Innovative Eyewear, which sells Bluetooth connected eyewear under the brand Lucyd, lowered the proposed deal size for its upcoming IPO on Monday. The North Miami, FL-based company now plans to raise $8 million by offering 0.9 million units at a price range of $7.50 to $9.50. Each unit contains one share of common stock and two warrants, exercisable at 100% of the IPO price. The...read more