HNVR News

US IPO Market Posts Its Slowest 2Q Since the Great Recession Just 21 IPOs raised $2.1 billion in the US IPO market’s slowest second quarter since 2009. Issuance was sluggish from the start and pulled back further in late May, as recession fears were heightened by record inflation...read more

Seven IPOs raised a combined $1.1 billion in May, led by eyecare giant Bausch + Lomb (BLCO), one of the month’s three $100+ million IPOs. The group was joined by the year’s first direct listing, US cannabis producer Bright Green (BGXX). Remaining activity came from small issuers, ...read more

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

Hanover Bancorp, a community bank with eight branches in New York and New Jersey, raised $27 million by offering 1.3 million shares at $21, the low end of the range of $21 to $23. The company downsized its offering slightly, selling 6.5% fewer shares than expected. The Mineola, NY-based company plans to list on the Nasdaq under the symbol HNVR. Stephens Inc. and Piper Sandler...read more