AYLA News

After a fast and furious week of activity, the IPO market is slated for a brief intermission in the coming week due to the approaching presidential election. Currently, there are no regular way US IPOs scheduled for the first week of November, though it is possible we could see several SPAC pricings.  Even though the calendar is empty, the IPO market slowdown for election...read more

Updated Monday, 6/1. In IPO market's busiest week of the year so far, eight IPOs plan to raise $3.7 billion, including the largest US IPO of 2020. In what would be the largest IPO year to date, record label giant Warner Music (WMG) plans to raise $1.7 billion at a $12.8 billion market cap. Warner is the third largest record company and music...read more

In the busiest week for the IPO market since February, three upsized IPOs and three SPACs entered the public market. Kingsoft Cloud (KC) led the way, completing the largest IPO since GFL Environmental's (GFL) billion-dollar deal in early March. The IPO Index's nearly 11% gain this past week indicates that the IPO market is continuing to recover. ...read more

Ayala Pharmaceuticals, a Phase 2 biotech developing in-licensed Notch inhibitors for aggressive cancers, raised $55 million by offering 3.7 million shares at $15, the midpoint of the $14 to $16 range.  The Israeli biotech raised 10% more than expected; it originally filed to offer 3.3 million shares. Ayala Pharmaceuticals plans to list on the Nasdaq under the symbol...read more