HG News
Archived Headlines
- US IPO Week Ahead: Reinsurer Hamilton Group and biotech CARGO Therapeutics plot next major IPOs amid difficult market 11/03/23
- US IPO Weekly Recap: Biotech Lexeo stumbles after $100 million IPO 11/03/23
- Bermuda-based reinsurer Hamilton Group sets terms for $255 million US IPO 11/01/23
- US IPO Week Ahead: Biotech Lexeo and construction firm Shimmick kick off November IPO market 10/27/23
- US IPO Weekly Recap: Big launches and new filings keep the IPO market moving 10/20/23
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The private credit boom is making its way to the IPO market
Private credit has been a growing theme in recent years, and like many undertones in broader financial markets, it's making its way to the IPO market. When markets dropped in 2022, private companies in need of funding faced a new set of challenges as investors...read more
Renaissance Capital's November IPO Market Update
Eleven US IPOs raised a combined $708 million in November, well below the month's historical 10-year average (16 IPOs, $4.2B). Deal flow was led by three sizable issuers, and remaining activity came from smaller companies, all of which raised $33 million or less...read more
US IPO Weekly Recap: Reinsurance and CAR T therapies lead a 3 IPO week
Three IPOs and two SPACs debuted this week, while the pipeline got a boost from a flurry of initial filings. Oncology biotech CARGO Therapeutics (CRGX) priced at the bottom of the range to raise $281 million at a $611 million market cap. The...read more
Bermuda-based reinsurer Hamilton Group prices US IPO at $15, below the range
Hamilton Insurance Group, a Bermuda-based provider of reinsurance and specialty insurance, raised $225 million by offering 15 million shares (58% secondary) at $15, below the range of $16 to $18. Insiders had indicated on $4 million worth of shares in the...read more