Upcoming IPO
Investing ideas:- The IPO market has seen significant growth, with companies like Astera Labs and Reddit debuting through initial public offerings. Astera Labs raised $713M, exceeding expectations and achieving a market cap of $6.3B. Their stock price soared 72% on its first day and continued to rise, reaching 94% last week. Reddit raised $748M and set a $6.4B market cap, closing the week 35% higher than its IPO price of $46, slightly falling from its opening price of $47.
New IPOs this week
Boundless Bio (BOLD) , a Phase 1 biotech company, is raising $100M by issuing 6.3 million shares at an estimated price range of $15-$17 per share.
NeOnc Technologies Holdings is raising $75M by issuing 6 million shares at an estimated price range of $11.25 to $13.75 per share.
Mobile-Health Network Solutions, a Singapore-based company providing telehealth and healthcare services, is raising $10.1M by issuing 2.3 million shares at an estimated price range of $4-5 per share.
Alta Group Limited, an Australia-based fitness program provider, is raising $6.5M by issuing 1.3 million shares at an estimated price range of $4-6 per share.
Orangekloud Technology, a Singapore-based software development service provider, is raising $9M by issuing 2 million shares at an estimated price between $4 and $5 per share, reducing its proposed deal size by 33%.
New Filing
Churchill Capital Corp. IX plans to raise up to $250 million in an initial public offering through 25 million units at $10 each, each containing one share of common stock and one-quarter of a warrant, exercisable at $11.50. The SPAC aims to target businesses with stable free cash flow and a committed management team. VI and V, which have liquidated.
Centuri Holdings, a North American utility infrastructure services company, has filed with the SEC to raise up to $100M in an initial public offering, expected to list on the NYSE under the symbol CTRI.
Ibotta, a digital marketing platform, has filed with the SEC to raise up to $100M in an initial public offering. Founded in 2011, Ibotta has worked with over 850 clients, representing 2,400 different CPG brands, and plans to list on the NYSE under the symbol IBTA.
Must read book about investing – check here
For details
Upcoming IPO Upcoming IPO Upcoming IPO Upcoming IPO Upcoming IPO Upcoming IPO Upcoming IPO Upcoming IPO