Ten IPOs raised a combined $995 million in May, trailing the 10-year historical average (16 IPOs, $4.9B). May IPO activity declined from last month, which is not unusual based on historical trends, though in this case likely due to market turbulence in April. We...read more
Four IPOs debuted in the US this week, led by a Singapore-based hot pot restaurant operator, though the largest scheduled deal didn’t make it to market. In the pipeline, four sizable issuers submitted initial filings, led by one that could raise $1 billion...read more
Super Hi International Holding, which operates hot pot restaurants under the Haidilao brand in the international market, raised $53 million by offering 2.7 million ADSs at $19.56, below the as-converted last close of its shares on the Hong Kong Exchange (9658;...read more
So far this year, 27 IPOs have raised $100 million or more, outpacing this point in the prior two years. While 2024's larger IPOs have traded very well overall, activity has started to stall in May. Nevertheless, we still anticipate a pickup in deals in the...read more
Renaissance Capital's May IPO Market Update
Ten IPOs raised a combined $995 million in May, trailing the 10-year historical average (16 IPOs, $4.9B). May IPO activity declined from last month, which is not unusual based on historical trends, though in this case likely due to market turbulence in April. We...read more
US IPO Weekly Recap: Hot pot chain leads the week’s IPOs as the pipeline gets a billion-dollar boost
Four IPOs debuted in the US this week, led by a Singapore-based hot pot restaurant operator, though the largest scheduled deal didn’t make it to market. In the pipeline, four sizable issuers submitted initial filings, led by one that could raise $1 billion...read more
Hot pot restaurant operator Super Hi International prices US IPO at $19.56
Super Hi International Holding, which operates hot pot restaurants under the Haidilao brand in the international market, raised $53 million by offering 2.7 million ADSs at $19.56, below the as-converted last close of its shares on the Hong Kong Exchange (9658;...read more
The year's large IPOs are trading well, so where is the spring pickup?
So far this year, 27 IPOs have raised $100 million or more, outpacing this point in the prior two years. While 2024's larger IPOs have traded very well overall, activity has started to stall in May. Nevertheless, we still anticipate a pickup in deals in the...read more