NWGL News

Five IPOs raised a combined $5.4 billion this past week, led by the blockbuster IPO of Arm (ARM). Three issuers submitted initial filings. The largest IPO of 2023 so far, Arm priced at the top of the range to raise $4.9 billion at a $52.9 billion market cap. Arm is an industry leader in central processing units (CPUs), stating that its...read more

Nature Wood Group, a Macau-based forestry company with operations in Peru, raised $7 million by offering 0.8 million ADSs at $9, the low end of the range of $9 to $11. The company offered 0.2 million fewer ADSs than anticipated. Based in Macau, Nature Wood is a vertically-integrated forestry company with facilities in Peru and is focused on Forest Stewardship Council (FSC) business...read more

A few holdovers are tentatively scheduled for the week ahead, though more small issuers may join the calendar late. With the end of August on the horizon, issuers will need to file soon if they plan to launch in the short Labor Day week. While recent pipeline activity points to ...read more

Three IPOs are currently scheduled to list in the week ahead, although other small issuers may join the calendar during the week. Tentatively scheduled for the week ahead, oncology biotech Adlai Nortye (ANL) plans to raise $72 million at an $896 million market cap. Operating through subsidiaries in the US and China, Adlai Nortye’s lead candidate...read more