IREN News

No IPOs are currently scheduled to price in the week ahead, although a few SPACs may join the calendar during the week. Although the calendar is quiet, several large issuers have kept the pipeline active, including piano maker Steinway Musical Instruments Holdings (STWY), childcare provider KinderCare (KLC), thrift store chain ...read more

Spurred on by soaring Bitcoin prices in the last year, crypto-focused companies are taking the ball and running with it – right to the public markets. Since 2019, seven crypto-focused companies have completed traditional IPOs, one has direct listed, and four have gone public via SPAC merger. The group features an array of Bitcoin miners (CORZ, IREN, SDIG, ARBK,...read more

The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. 12 SPACs also priced. Two deals failed to get done: childcare giant KinderCare (KLC) postponed, and Canada-listed Sangoma Technologies (SANG) terminated its proposed US offering. New issuers continued to join the pipeline in preparation for...read more

Iris Energy, a bitcoin miner primarily powered by renewable energy, raised $232 million by offering 8.3 million shares at $28, above the range of $25 to $27. Iris Energy is a Bitcoin mining company that builds, owns, and operates data center and electrical infrastructure for the mining of Bitcoin primarily powered by renewable energy. The company targets entry into regions where...read more