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US IPO Weekly Recap: Autoimmune biotech Kyverna Therapeutics gains 37% in a 6 IPO week

AHR

Six IPOs priced this past week, joined by two blank check companies. One larger deal did not get done: Fortegra (TFG) pulled its $297 million offering ahead of its expected pricing. The specialty insurer had previously attempted to go...read more

Specialty insurer Fortegra withdraws $297 million IPO

TFG

The Fortegra Group, a specialty insurer focused on niche business lines and fee-based services, withdrew its plans for an initial public offering on Wednesday. It had filed to raise $297 million by offering 18 million shares at a price range of $15 to $18. In a separate press release, the company cited prevailing market conditions among other factors as reasons for the withdrawal. ...read more

Fortegra plots the year’s first insurance IPO; here’s how past issuers from the sector have performed

TFG

Specialty insurer The Fortegra Group (TFG) plans to raise $297 million this week, in what we expect to be the first in a string of insurance IPOs in 2024. Other possible IPO candidates include Aspen Insurance (AHL), on file since December, and The Woodlands Financial Group, which filed confidentially last month. Insurance...read more

US IPO Week Ahead: Real estate, groceries, insurance, and more come to the IPO market

AHR

Updated Monday, 2/5. Seven IPOs are currently scheduled for the week ahead, led by five $100+ million deals. American Healthcare REIT (AHR) plans to raise $756 million at a $1.7 billion market cap. This REIT owns a portfolio of 298 healthcare properties, mostly in the US, and focuses primarily on medical offices, senior housing, and other...read more