Two IPOs and nine SPACs debuted this week. One IPO and six SPACs submitted initial filings. Chinese insurance distributor Yuanbao (YB) priced its US IPO at the top of the range to raise $30 million at a $788 million market cap. The company specializes in...read more
Sixteen IPOs raised a combined $1.4 billion in April, slightly above the 10-year historical average by deal count (14 IPOs) but well below by proceeds ($3.4B) as micro-caps dominated activity. Only two US-based companies listed, with the remaining 14 (88%)...read more
Yuanbao, an online distributor of insurance policies in China, raised $30 million by offering 2 million ADSs at $15, the high end of the range of $13 to $15. Insiders had indicated on $17 million of the IPO (now 57% of the deal), and the company also planned to ...read more
Two IPOs are set to list in the week ahead, although some deals may move around the calendar at the last minute. Aerospace and defense company AIRO (AIRO) is tentatively scheduled to raise $75 million at a $381 million market cap. AIRO’s business...read more
US IPO Weekly Recap: Flurry of SPACs list and submit filings amid otherwise quiet IPO market
Two IPOs and nine SPACs debuted this week. One IPO and six SPACs submitted initial filings. Chinese insurance distributor Yuanbao (YB) priced its US IPO at the top of the range to raise $30 million at a $788 million market cap. The company specializes in...read more
Renaissance Capital's April IPO Market Update
Sixteen IPOs raised a combined $1.4 billion in April, slightly above the 10-year historical average by deal count (14 IPOs) but well below by proceeds ($3.4B) as micro-caps dominated activity. Only two US-based companies listed, with the remaining 14 (88%)...read more
Chinese insurance distributor Yuanbao prices US IPO at $15, the high end of the range
Yuanbao, an online distributor of insurance policies in China, raised $30 million by offering 2 million ADSs at $15, the high end of the range of $13 to $15. Insiders had indicated on $17 million of the IPO (now 57% of the deal), and the company also planned to ...read more
US IPO Week Ahead: 2 IPOs may debut in spite of ongoing market uncertainty
Two IPOs are set to list in the week ahead, although some deals may move around the calendar at the last minute. Aerospace and defense company AIRO (AIRO) is tentatively scheduled to raise $75 million at a $381 million market cap. AIRO’s business...read more