NRXS News

Three small issuers began trading this past week, two of which were eligible for inclusion in our IPO stats. Australia-based Fitell (FTEL) priced at the low end to raise $15 million at a $56 million market cap. The fitness retailer sells branded equipment including weights, bars, power racks, benches, and gym machines. It plans to launch smart equipment and...read more

NeurAxis, which makes a non-surgical neuromodulation device for children with IBS-related pain, raised $7 million by offering 1.1 million shares at $6, as expected. The company offered 68 thousand fewer shares than anticipated. Concurrently, selling shareholders had planned to register 1.9 million shares, which may be offered and sold from time to time after the IPO. ...read more

Four or more companies could list in the week ahead. While it is not an IPO, the week’s largest and most notable new listing comes from US-based appliance maker SharkNinja (SN). We could still see a notable deal or two launch, but time is running out before the IPO market’s annual “August break” in sizable offerings. ...read more

NeurAxis, which makes a non-surgical neuromodulation device for children with IBS-related pain, revised the terms for its upcoming IPO on Thursday. In its latest filing, the company also changed the proposed listing exchange from the Nasdaq to the NYSE American. The Carmel, IN-based company now plans to raise $8 million by offering 0.9 million shares at $8. The company had...read more