IPO Rush! IPO market is gaining momentum, with significant deals expected before Q2’s close. Cross-listings and carve-outs are expected, and the first energy company of the year is set to go public. The Renaissance IPO ETF has gained 4.9% YTD.
Here are some of the other major headlines in the IPO market:
New IPOs Opening This Week:
Actuate Therapeutics Raising $50.4M
- Offers 5.6M shares.
- Focuses on developing in-licensed cancer inhibitor therapies.
- Price range: $8-10.
Hong Kong’s Majestic Ideal Holdings Raises $11.3M
- Issues 2.5M shares.
- Price range: $4-$5 per share.
- Provides apparel supply chain management services.
Global Engine Group Holding GLE Raises $13.5M
- Offers 3M shares.
- Priced between $4 and $5 per share.
- Provides integrated ICT solutions.
Icon Energy Raising $6.3M
- Issuing 1.3M shares.
- Expected price: $4-6 per share.
- International shipping company.
Lakeside Holding Raising $5.9M
- Offers 1.3M shares.
- Price range: $4.5 to $5 per share.
- Provides customized cross-border ocean-freight and air-freight solutions.
OS Therapies Raising $8M
- Offering 2M shares at $4 per share.
- An oncology drug developer.
Tamboran Resources Raising $165.8M
- Offering 6.5M common shares.
- Price range: $24-$27 per share.
- Early-stage natural gas exploration and production company.
WEBTOON Entertainment Raising $292.5M
- Offers 15M shares at $18 to $21 per share.
- Global online cartoon platform based on South Korea’s NAVER.
LandBridge Raising $297.3M
- Offering 14.5M shares.
- Price ranges $19-22%.
- Landowner in Permian Basin.
New Fillings
- Ardent Health plans to raise $100M in an initial public offering, operating in eight mid-sized urban markets with 30 acute care hospitals and 1,700 providers, and listing on the NYSE.
- Black Spade Acquisition II (BSIIU) plans to raise $150M in an initial public offering, offering 15 million units at $10 each, each containing one share of common stock and one-third of a warrant.
- Linkhome Holdings plans to raise up to $12M in an initial public offering, listing on Nasdaq under the symbol LHAI, a real estate buying and selling platform.
- Future Vision II Acquisition (FVNNU) plans to raise $50M by offering 5M units at $10 each, each containing one share of common stock, with plans to list on Nasdaq.
- SilverBox IV plans to raise $200M in an initial public offering, offering 20M units at $10 each, each containing one share of common stock and one-third of a warrant, with an aggregate enterprise value exceeding $750M.