PXDT News

There were five pricings this past week, four of which are included in our IPO stats. Three issuers submitted initial filings. With the July IPO market behind us, and no notable launches this past week, we likely won't see any major deals until the fall. While not...read more

Eleven issuers raised a combined $939 million in July, well below the 10-year average (22 IPOs, $5.1B). Four deals raised $80 million or more, along with the year’s first direct listing (SRFM), and a wave of small issuers, which have largely disappeared in recent months. The two largest IPOs, DTC beauty retailer ODDITY Tech (ODD) and inflammatory disease...read more

Pixie Dust Technologies, a Japanese maker of consumer personal care devices and spatial materials, raised $15 million by offering 1.7 million ADSs at $9, the low end of the range of $9 to $10. The company offered 0.3 million fewer ADSs than anticipated. New and existing investors had indicated on $8.1 million worth of ADSs in the offering (54% of the deal). Pixie Dust Technologies...read more

Four or more companies could list in the week ahead. While it is not an IPO, the week’s largest and most notable new listing comes from US-based appliance maker SharkNinja (SN). We could still see a notable deal or two launch, but time is running out before the IPO market’s annual “August break” in sizable offerings. ...read more