SFWL News

Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted initial filings. Oslo-listed maritime bulk carrier Himalaya Shipping (HSHP) raised $45 million at a $231...read more

Shengfeng Development, a Chinese contract logistics services provider, raised $10 million by offering 2.4 million shares at $4, the low end of the range of $4 to $5. The company offered 0.6 million fewer shares than anticipated. It originally planned to offer 8 million shares but had revised the terms several times since then. The IPO float is just 2.9% of basic shares outstanding. ...read more

Shengfeng Development, a Chinese contract logistics services provider, lowered the proposed deal size for its upcoming IPO on Friday. The Fuzhou, China-based company now plans to raise $14 million by offering 3 million shares at a price range of $4 to $5. The company had previously filed to offer 5 million shares at $5. It originally planned to offer 8 million shares at a range of...read more

Shengfeng Development, a Chinese contract logistic services provider, lowered the proposed deal size for its upcoming IPO on Thursday. The Fuzhou, China-based company now plans to raise $25 million by offering 5 million shares at $5. The company had previously filed to offer 8 million shares at a range of $4 to $5. At the revised terms, Shengfeng Development will raise 31% less in...read more