PAPL News

After ending October on shaky footing, the IPO market kicked off November with a fairly quiet week. Three new issuers began trading, two of which qualified for inclusion in our stats, while one deal was pushed back (SHIM). Four small Asia-based companies submitted...read more

Pineapple Financial, a Canadian mortgage brokerage, raised $4 million by offering 0.9 million shares at $4, the low end of the range of $4 to $6. Because the company raised less than $5 million and has a market cap of less than $50 million at pricing, Pineapple Financial will be excluded from Renaissance Capital's 2023 IPO stats. Pineapple Financial is a...read more

Updated Monday, 10/30. Three listings are currently scheduled for the week ahead, two of which qualify for inclusion in our stats. Some small issuers may also join the calendar late. While it looks relatively quiet for now, a couple larger issuers are eligible to launch in the week ahead: hospital billing platform Waystar (WAY), which disclosed updated...read more

Pineapple Financial, a Canadian mortgage brokerage, announced terms for its IPO on Tuesday. In its latest filing, the company also disclosed financials for the six months ended February 28, 2023. The North York, Canada-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Pineapple Financial would...read more