FGI News

FGI Industries, a kitchen and bath products supplier being spun out of Foremost Groups, raised $15 million by offering 2.5 million units at $6, the low end of the range of $6 to $8. Each unit consists of one share of common stock and one warrant, exercisable at the IPO price. ...read more

FGI Industries, a kitchen and bath products supplier being spun out of Foremost Groups, added warrants for its upcoming IPO on Tuesday. The East Hanover, NJ-based company now plans to raise $18 million by offering 2.5 million units at a price range of $6 to $8. The company previously filed to offer 2.5 million shares at the same price range. Each unit consists of one share of...read more

FGI Industries, a kitchen and bath products supplier being spun out of Foremost Groups, announced terms for its IPO on Monday. The East Hanover, NJ-based company plans to raise $18 million by offering 2.5 million shares at a price range of $6 to $8. At the midpoint of the proposed range, FGI Industries would command a fully diluted market value of $68 million. FGI states that it...read more

Five blank check companies went public this past week. While there were no traditional IPO pricings, more than 10 companies launched as the IPO market gears up for a busy September. The pipeline remained active with eight IPOs and eight SPACs submitting initial filings. Five SPACs raised $860 million led by SILVERspac (SLVRU), which raised $250 million to acquire...read more