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Renaissance Capital's April IPO Market Update


Eleven very small IPOs raised a combined $111 million in April, well below the 10-year average (16 IPOs, $4.0B). The month’s largest deal raised just $19 million as issuance from larger names continued to stall in the wake of March’s banking crisis. Nearly all of the month’s issuers were based in Asia, except for fitness equipment brand more

US IPO Weekly Recap: J&J spin-off Kenvue launches billion-dollar deal


One small issuer began trading this past week. Six small IPOs submitted initial filings. The week’s news was led by J&J’s consumer health unit Kenvue (KVUE), which set terms for its $3.3 billion listing on Monday. The company’s IPO would be the largest for US markets in over a year, and would more than double IPO proceeds YTD. Kenvue more

Connected fitness equipment brand Interactive Strength prices IPO at $8, the high end of the range


Interactive Strength, which sells connected home fitness equipment and personal training classes, raised $12 million by offering 1.5 million shares at $8, the high end of the range of $6 to $8. The company originally planned to offer 2 million shares, but revised the terms in mid-April. Doing business under the name Forme, the company offers two connected fitness more

US IPO Week Ahead: April IPO market cools off in a quiet week


No companies are currently scheduled to list in the week ahead, although some may join the calendar last minute. While any potential pickup is still likely several weeks out, two larger IPOs joined the pipeline last week (FIHL and SLRN), and a number of prospective issuers have filed updates. Last Friday, US natural gas producer BKV (BKV) provided more