Updated Monday, 11/9.
The US IPO market remains relatively quiet following election week, with three biotechs and one SPAC scheduled to raise $340 million in the week ahead.
Oncology biotech IN8bio (INAB) plans to raise $75 million at a $325 million market cap. IN8bio is focused on developing cancer therapies by employing allogeneic, autologous...read more
Nine IPOs and five SPACs went public this past week, and one IPO postponed. New filing activity continued to pump the breaks as we near the election, with just one new IPO filing. SPAC activity continued unabated however as nine submitted initial filings.
The largest deal of the week, Array Technologies (ARRY) upsized and priced above the range to raise $1.0...read more
Array Technologies, which manufactures solar panel mounting systems that track the sun, raised $1.0 billion by offering 47.5 million shares (15% primary) at $22, above the range of $19 to $21. The company originally filed to offer 33.75 million shares, before increasing the secondary share offering on Tuesday, and again at pricing.
Array Technologies plans to list on the Nasdaq...read more
Array Technologies, which manufactures solar panel mounting systems that track the sun, raised the proposed deal size for its upcoming IPO on Tuesday.
The Albuquerque, NM-based company now plans to raise $900 million by offering 45 million shares (84% insider) at a price range of $19 to $21. The company had previously filed to offer 33.8 million shares (79% insider) at the...read more
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US IPO Week Ahead: Biotechs break the post-election ice in a 3 IPO week
Updated Monday, 11/9. The US IPO market remains relatively quiet following election week, with three biotechs and one SPAC scheduled to raise $340 million in the week ahead. Oncology biotech IN8bio (INAB) plans to raise $75 million at a $325 million market cap. IN8bio is focused on developing cancer therapies by employing allogeneic, autologous...read more
US IPO Weekly Recap: Solar technology shines in a 9 IPO week
Nine IPOs and five SPACs went public this past week, and one IPO postponed. New filing activity continued to pump the breaks as we near the election, with just one new IPO filing. SPAC activity continued unabated however as nine submitted initial filings. The largest deal of the week, Array Technologies (ARRY) upsized and priced above the range to raise $1.0...read more
Solar equipment provider Array Technologies prices upsized IPO above the range at $22
Array Technologies, which manufactures solar panel mounting systems that track the sun, raised $1.0 billion by offering 47.5 million shares (15% primary) at $22, above the range of $19 to $21. The company originally filed to offer 33.75 million shares, before increasing the secondary share offering on Tuesday, and again at pricing. Array Technologies plans to list on the Nasdaq...read more
Solar panel mounting manufacturer Array Technologies increases deal size by 33% ahead of $900 million IPO
Array Technologies, which manufactures solar panel mounting systems that track the sun, raised the proposed deal size for its upcoming IPO on Tuesday. The Albuquerque, NM-based company now plans to raise $900 million by offering 45 million shares (84% insider) at a price range of $19 to $21. The company had previously filed to offer 33.8 million shares (79% insider) at the...read more