PRZO News

A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility (SRFM) completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5. The company provides a regional air mobility platform and intends to develop powertrain technology to electrify existing fleets...read more

ParaZero Technologies, which is developing autonomous parachute safety systems for commercial drones, raised $8 million by offering 2.0 million shares at $4, the low end of the range of $4 to $6. Concurrently, selling shareholders had planned to register 4.0 million shares, which may be offered and sold from time to time pursuant to the separate resale prospectus. ...read more

ParaZero Technologies, which is developing autonomous parachute safety systems for commercial drones, revised the terms for its upcoming IPO on Friday. The Kiryat Ono, Israel-based company now plans to raise $10 million by offering 2.0 million shares at a price range of $4 to $6. The company had most recently filed to offer 1.6 million units at a range of $4.25 to $6.25, with each...read more

A few deals are currently on the calendar for the week ahead, only one of which is large enough to be included in our IPO stats. With the holidays drawing closer and no major launches this past week, it’s unlikely that we’ll see any large IPOs before year end, but other small issuers may join the calendar last minute. E-bike maker SONDORS (SODR) may...read more