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Renaissance Capital's August IPO Market Update

GCT

While August is typically a slow month for capital markets, monthly issuance reached double digits for the first time this year as 12 small IPOs raised a combined $196 million. The largest deal raised just $36 million, and the median deal size remained low at $15 million. August IPOs averaged a return of over 1,000% from offer due to a volatile uplisting that began trading on the...read more

US IPO Weekly Recap: Small deals defy the typical August lull in a 4 IPO week

TGL

While IPO activity typically takes a break in August, 2022 continues to throw curveballs. Four small deals priced this past week, joined by two SPACs. Two small IPOs and one SPAC submitted initial filings. Malaysian e-payment app Treasure Global (TGL) priced at the low end to raise $8 million at a $65 million market cap. The company’s ZCITY App offers...read more

Electric boat developer Forza X1 prices IPO at $5, as expected

FRZA

Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, raised $15 million by offering 3 million shares at $5, as expected. Forza X1 is focused on the creation, implementation, and sale of fully-integrated electric boats, utilizing EV technology to control and power its boats and proprietary outboard electric motor. To date, the company has designed and...read more

US IPO Week Ahead: A light IPO calendar with the August slowdown in full effect

FRZA

The IPO market remains quiet during the annual August slowdown with just one IPO scheduled to price in the week ahead. Other small deals may also join the calendar during the week. Electric boat developer Forza X1 (FRZA) plans to raise $15 million at a $50 million market cap. Spun out of Twin Vee PowerCats, the company aims to manufacture and sell affordable...read more