The IPO market was in full swing this past week as 16 IPOs and six SPACs went public. The IPO pipeline cooled down with just one IPO and nine SPACs submitting initial filings. The largest deal of the week, Lyell Immunopharma (LYEL)...read more
Angel Oak Mortgage, a mortgage REIT focused on non-qualified loans, raised $137 million by offering 7.2 million shares at $19, below the range of $20 to $21. The company sold 850,000 fewer shares than expected (11%). New investor CPPIB Credit Investments agreed...read more
Updated Monday, 6/14. 15 IPOs are currently slated to raise $2.5 billion in the week ahead, led by a preclinical biotech being valued at $4.7 billion. The largest deal of the week, Lyell Immunopharma (LYEL) plans to raise...read more
Angel Oak Mortgage, a mortgage REIT focused on non-qualified loans, announced terms for its IPO on Tuesday. The Atlanta, GA-based company plans to raise $165 million by offering 8.1 million shares at a price range of $20 to $21. New investor the Canada...read more
US IPO Weekly Recap: IPO market in full swing as biotechs lead a 16 IPO week
The IPO market was in full swing this past week as 16 IPOs and six SPACs went public. The IPO pipeline cooled down with just one IPO and nine SPACs submitting initial filings. The largest deal of the week, Lyell Immunopharma (LYEL)...read more
Mortgage REIT Angel Oak Mortgage prices downsized IPO below the range at $19
Angel Oak Mortgage, a mortgage REIT focused on non-qualified loans, raised $137 million by offering 7.2 million shares at $19, below the range of $20 to $21. The company sold 850,000 fewer shares than expected (11%). New investor CPPIB Credit Investments agreed...read more
US IPO Week Ahead: Biotechs and software lead a 15 IPO week
Updated Monday, 6/14. 15 IPOs are currently slated to raise $2.5 billion in the week ahead, led by a preclinical biotech being valued at $4.7 billion. The largest deal of the week, Lyell Immunopharma (LYEL) plans to raise...read more
Mortgage REIT Angel Oak Mortgage sets terms for $165 million IPO
Angel Oak Mortgage, a mortgage REIT focused on non-qualified loans, announced terms for its IPO on Tuesday. The Atlanta, GA-based company plans to raise $165 million by offering 8.1 million shares at a price range of $20 to $21. New investor the Canada...read more