PMEC News

Five companies priced IPOs this week, led by Birkenstock’s (BIRK) $1.5 billion offering. Three small issuers submitted initial filings. Birkenstock priced its IPO just below the midpoint to raise $1.5 billion at an $8.6 billion market cap, making it one of the largest consumer discretionary IPOs of the past two decades. Cornerstone...read more

Primech Holdings, which provides cleaning and maintenance services to facilities in Singapore and Malaysia, raised $12 million by offering 3.1 million shares at $4, the low end of the range of $4 to $5. The company had originally planned to offer 5.0 million shares, before it lowered the share offering and switched lead underwriters in mid-August. At pricing, Primech Holdings...read more

Primech Holdings, which provides cleaning and maintenance services to facilities in Singapore and Malaysia, lowered the proposed deal size for its upcoming IPO on Friday. In its latest filing, the company also removed lead bookrunner Pacific Century Securities and disclosed financials for the fiscal year ended March 31, 2023. The Singapore-based company now plans to raise $14...read more

Primech Holdings, which provides cleaning and maintenance services to facilities in Singapore and Malaysia, announced terms for its US IPO on Monday. The Singapore-based company plans to raise $23 million by offering 5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Primech Holdings would command a market value of $169 million. The company...read more