BGXX News

reAlpha Tech (AIRE) completed the year's fourth direct listing on Monday, and it's the latest to deliver extremely volatile trading in its first days as a public company. The short-term rental operator listed on the Nasdaq and soared on its first day, reaching an intraday high of $575 with little volume. It ended the day just shy of $407, a nearly ...read more

No major IPOs are currently scheduled to price in the week ahead, although a few small deals or SPACs may join the calendar during the week. Micro-cap HeartSciences (HSCS) plans to raise $9 million in a unit offering, and begin trading mid-week. Street research is expected for two companies, including Bright Green (BGXX), which...read more

Last month, early-stage US cannabis producer Bright Green (BGXX) completed the first direct listing of 2022, and began trading on the Nasdaq at a market cap of more than $1 billion. Despite registering nearly 100% of its shares, Bright Green has traded like the often low float, “pop-and-drop” IPOs that have become commonplace this year. The company...read more

There was just one small IPO and one direct listing this past week. Although there were no new IPO filings, a few large deals in the pipeline updated their prospectuses, including Corebridge Financial (CRBG), Turo (TURO) Fogo Hospitality (FOGO), and Claire’s (CLRS). After delaying the previous week,...read more