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OCEA News

Back to SPAC: More small companies ditch IPO plans in favor of SPAC mergers

AAGR

Despite headwinds in the SPAC market, some small companies are abandoning their traditional public offering plans in favor of the IPO alternative. Early-stage alfalfa producer African Agriculture (AAGR) and preclinical drug developer Intrinsic Medical (INRX) are the latest IPO candidates to pursue public listings via SPAC mergers. Originally...read more

US IPO Week Ahead: 2 small IPOs may price after the long holiday weekend

CRBG

After the long Easter weekend, two IPOs may price in the week ahead. Some SPACs may also join the calendar during the week. Although the calendar is relatively empty, several notable issuers have kept the pipeline fresh, including billion-dollar deals SAFG Retirement Services (Corebridge) (CRBG) and Bausch + Lomb (BLCO), as well as RIA services...read more

US IPO Week Ahead: More micro-caps amid the IPO market’s February lull

OCEA

The IPO market has hit its February lull. Just two micro-cap holdovers are scheduled to price in the week ahead, though some small issuers and SPACs may join the calendar during the week. Preclinical biotech Ocean Biomedical (OCEA) plans to raise $22 million at a $222 million market cap. The company’s preclinical pipeline includes various humanized mAbs for...read more

US IPO Week Ahead: Digital media, bamboo bedding, and more in a week of micro-caps

AREN

After another volatile week for the IPO market, up to eight deals may price in the week ahead, all raising $30 million or less. It's unlikely that all eight will be completed, given the current market conditions and the fact that a number of IPOs are...read more