IPO Rush! Viking Holdings completed the largest U.S. IPO of the year, raising $1.5B at a $10.2B market cap, showcasing strong investor interest and surpassing Amer Sport’s previous largest offering of $1.37B.
The Renaissance IPO ETF’s 2024 IPO market has only managed a 2% YTD gain, trailing the S&P 500’s 7.5% return.
Here are some of the other major headlines in the IPO market:
New IPOs Opening This Week:
ZEEKR Intelligent Technology Holding’s Initial Public Offering
- Raising $341.3M with 17.5M shares.
- Estimated price between $18 and $21 per share.
- Restructured in 2021.
- Delivered over 170,000 vehicles as of October 31, 2023.
- Premium electric vehicle brand spun out of Chinese automaker Geely.
Proficient Auto Logistics Raising $215M
- Offering 14.3M shares.
- Estimated price range: $14–$16 per share.
- North American auto transportation and logistics service providers.
Silvaco Group Raises $108M
- Issuing 6M shares.
- Estimated price range: $17-19 per share.
- Santa Clara-based design automation software and semiconductor IP solutions provider.
Lirum Therapeutics Raises $25M
- Offers 2.3M shares.
- Price range: $10 to $12 per share.
- Phase 1 biotech company.
NANO Nuclear Energy Raises $15M
- Issuing 3M shares.
- Price range: $4–$6 per share.
- Developer of micro-nuclear reactors.
New Fillings
DT Cloud Star Acquisition Files SEC for $60M Initial Public Offering
- Plans to offer 6M units at $10 each, each containing one share of common stock.
- Offers one-seventh share right upon completion of initial business combination.
- Plans to list on Nasdaq under DTSQU symbol.
- Brooklyn-based company led by CEO Bian Fan.