SONX News

The IPO market remained active this past week as 14 IPOs raised $6.3 billion. SPAC activity kept steady with 13 blank check IPOs raising $2.1 billion. New filers continued to pour into the IPO pipeline, with eight IPOs and seven SPACs submitting initial filings. Semiconductor foundry GlobalFoundries (GFS) priced at the high end to raise $2.6 billion at a $26...read more

Sonendo, which makes a medical device system for less-invasive root canal therapy, raised $94 million by offering 7.8 million shares at $12, below the range of $15 to $17. At pricing, the company commands a fully diluted market value of $340 million.  Sonendo has developed what it states is the first and only FDA-cleared system for root canal therapy (RCT), called the...read more

Sonendo, which makes a medical device system for less-invasive root canal therapy, announced terms for its IPO on Monday. The Laguna Hills, CA-based company plans to raise $125 million by offering 7.8 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Sonendo would command a fully diluted market value of $459 million. Sonendo has developed what...read more

Updated Monday, 10/25. The IPO market continues to stay busy with 15 IPOs schedule to raise $7.2 billion in the week ahead.   Semiconductor foundry GlobalFoundries (GFS) plans to raise $2.4 billion at a $24.6 billion market cap. Backed by Abu Dhabi’s Mubadala, US-based GlobalFoundries is one of the world’s leading specialty...read more