REBN News

While August is typically a slow month for capital markets, monthly issuance reached double digits for the first time this year as 12 small IPOs raised a combined $196 million. The largest deal raised just $36 million, and the median deal size remained low at $15 million. August IPOs averaged a return of over 1,000% from offer due to a volatile uplisting that began trading on the...read more

While IPO activity typically takes a break in August, 2022 continues to throw curveballs. Four small deals priced this past week, joined by two SPACs. Two small IPOs and one SPAC submitted initial filings. Malaysian e-payment app Treasure Global (TGL) priced at the low end to raise $8 million at a $65 million market cap. The company’s ZCITY App offers...read more

Reborn Coffee, a premium coffee roaster with nine cafe stores in California, raised $7 million by offering 1.4 million shares at $5. The company had originally filed to offer 1.2 million shares. Concurrently, selling shareholders are registering 1.8 million shares, which may be offered and sold from time to time after the company's shares have begun trading on the Nasdaq. Reborn...read more

Reborn Coffee, a premium coffee roaster with nine cafe stores in California, announced terms for its IPO on Tuesday. The Brea, CA-based company plans to raise $6 million by offering 1.2 million shares at $5. At the proposed price, Reborn Coffee would command a market cap of $64 million. Concurrently, selling shareholders are registering 1.8 million shares, which may be offered and...read more