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US IPO Weekly Recap: Energy play ProFrac leads a 3 IPO week

PFHC

Three IPOs raised $330 million this past week, led by energy play ProFrac Holding (PFHC), which delayed its pricing by a day. The fracking services provider was joined by a bank and an IoT networking solutions micro-cap, as well as four SPACs. ProFrac priced well below the range to raise $288 million at a $2.5 billion market cap. Operating in the ...read more

IoT networking solutions provider Actelis Networks prices IPO at $4 low end

ASNS

Actelis Networks, which provides hybrid fiber-copper equipment solutions to telecom and IoT networks, raised $15 million by offering 3.8 million shares at $4, the low end of the range of $4 to $6. The company offered 0.8 million more shares than anticipated. The company utilizes signal-processing technology and system architecture to upgrade existing copper/coax wires by...read more

US IPO Week Ahead: Fracking services leads a 3 IPO, 1 direct listing week

PFHC

Three IPOs are slated to raise $405 million in the week ahead, led by fracking services provider ProFrac Holding (PFHC). One direct listing is also expected to come to market. ProFrac plans to raise $360 million at a $3.2 billion market cap. The company believes it is the largest privately owned provider of hydraulic fracturing services in North America by...read more

IoT networking solutions provider Actelis Networks sets terms for $15 million IPO

ASNS

Actelis Networks, which provides hybrid fiber-copper equipment solutions to telecom and IoT networks, announced terms for its IPO on Monday. The Fremont, CA-based company plans to raise $15 million by offering 3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Actelis Networks would command a fully diluted market value of $82 million. The company...read more