SPGC News

Amid the IPO market’s annual August break, five very small issuers raised a combined $42 million, well below the typically-slow month’s 10-year average (10 IPOs, $1.9B). The lineup included four traditional IPOs, all of which finished below issue, and one direct listing, which delivered volatile trading before being halted for insufficient volume. The month’s...read more

There were three pricings this past week, two of which are included in our IPO stats. One blank check IPO also debuted, and one issuer submitted an initial filing. Pipeline and private company news from the past week provided more hints about fall IPO activity. There are some big names lining up potential listings next month, including chip designer Arm, luxury...read more

While the "pop-and-drop" trend of 2022 has largely been put to rest, micro-cap IPO Sacks Parente Golf (SPGC) showed that it’s not gone entirely. The California-based golf club maker raised just $13 million at a fully diluted market value of $63 million by pricing at the low end of the range, but ended Tuesday 624% above offer, the second-best debut for a...read more

Sacks Parente Golf, which designs and manufactures premium golf putters, raised $13 million by offering 3.2 million shares at $4, the low end of the range of $4 to $5. The company offered 0.2 million more shares than anticipated. The company states that its shaft and putter technology was shown by The Golf Lab to improve players' ability to make putts, feel of the putter head,...read more