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Colombian digital grocery platform Merqueo withdraws $14 million US IPO

MERQ

Merqueo Holdings, a vertically-integrated digital grocery retailer operating in Colombia and Brazil, withdrew its plans for an initial public offering on Friday. It originally filed in December 2022 with a proposed deal size of $14 million. The company last updated its prospectus in April 2023. The Bogotá, Colombia-based company was founded in 2015 and booked $34 million in...read more

US IPO Weekly Recap: Foreign issuers and a direct listing cap off 2022 IPO filings

COYA

Coya Therapeutics (COYA) was the only company to complete an IPO in the last week of 2022. China-based ASIC chip designer Intchains (ICG) and Hong Kong-based wealth and asset manager Prestige Wealth (PWM) delayed their $29 million and $15 million offerings, respectively. In the pipeline, five companies submitted initial...read more

Colombian grocery delivery platform Merqueo Holdings files for a $14 million US IPO

MERQ

Merqueo Holdings, which operates an online grocery delivery platform in Colombia and Brazil, filed on Tuesday with the SEC to raise up to $14 million in an initial public offering. Through its mobile applications, Merqueo offers its customers a selection of grocery products including fresh produce, meat, dairy, frozen packaged foods, house cleaning supplies, and personal hygiene...read more

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