Quantum computing company Quantinuum (QNT) is gearing up to raise $1.4 billion this week, marking the latest traditional IPO attempt from a typical SPAC target. After increasing the proposed price range on Monday, the company is targeting a market cap of...read more
Thirteen IPOs raised a combined $7.3 billion in April, joined by two direct listings. While surging volatility in March weighed on new issuance early on, activity ended in line with April’s 10-year historical average by deal count (15) but well above by...read more
Four IPOs priced this past week, featuring nuclear tech, critical materials, real estate, and convenience stores. SMR developer X-Energy (XE) upsized and priced well above the range to raise $1.0 billion at a $9.5 billion market cap, the first advanced...read more
X-Energy, which develops small modular reactors and produces nuclear fuel, raised $1.0 billion by offering 44.3 million shares at $23, above the $16 to $19 range. The company offered 1.4 million more shares than anticipated. ARK Investment Management had...read more
From nuclear to quantum, SPAC themes are crossing over to the IPO market
Quantum computing company Quantinuum (QNT) is gearing up to raise $1.4 billion this week, marking the latest traditional IPO attempt from a typical SPAC target. After increasing the proposed price range on Monday, the company is targeting a market cap of...read more
Renaissance Capital’s April IPO Market Update
Thirteen IPOs raised a combined $7.3 billion in April, joined by two direct listings. While surging volatility in March weighed on new issuance early on, activity ended in line with April’s 10-year historical average by deal count (15) but well above by...read more
US IPO Weekly Recap: Nuclear tech, critical materials, and more in a 4 IPO week
Four IPOs priced this past week, featuring nuclear tech, critical materials, real estate, and convenience stores. SMR developer X-Energy (XE) upsized and priced well above the range to raise $1.0 billion at a $9.5 billion market cap, the first advanced...read more
Small modular reactor developer X-Energy prices upsized IPO at $23, above the range
X-Energy, which develops small modular reactors and produces nuclear fuel, raised $1.0 billion by offering 44.3 million shares at $23, above the $16 to $19 range. The company offered 1.4 million more shares than anticipated. ARK Investment Management had...read more