The IPO market closed out June with four deals, three of which raised $100+ million. In the pipeline, nine companies submitted initial filings, led by what could be the largest IPO of 2024 to date. Web comic platform WEBTOON Entertainment (WBTN) led the week’s deals, pricing at the high end to raise $315 million at a $2.8 billion market cap. Carved out of...read more
LandBridge, a surface acreage acquirer in the Delaware Basin formed by Five Point Energy, raised $247 million by offering 14.5 million shares at $17, below the range of $19 to $22. A new investor had indicated on $80 million worth of shares in the offering (32% of the deal), and an undisclosed investor had tentatively intended to purchase an additional $20 million worth of shares in...read more
Updated Monday, 6/24. Four IPOs are currently scheduled to debut in the week ahead as the second quarter comes to a close. Immunology biotech Alumis (ALMS) plans to raise $300 million at a $1.0 billion market cap. The company is initially focused on developing two Tyrosine Kinase 2 (TYK2) inhibitors. Its most advanced candidate, ESK-001, is an oral,...read more
LandBridge, an oil property acquirer in the Delaware Basin formed by Five Point Energy and WaterBridge, announced terms for its IPO on Monday. The Houston, TX-based company plans to raise $297 million by offering 14.5 million shares at a price range of $19 to $22. A new investor intends to purchase $80 million worth of shares in the offering (27% of the deal). At the midpoint of...read more
US IPO Weekly Recap: 2Q IPO market closes out with sizable pricings and pipeline additions
The IPO market closed out June with four deals, three of which raised $100+ million. In the pipeline, nine companies submitted initial filings, led by what could be the largest IPO of 2024 to date. Web comic platform WEBTOON Entertainment (WBTN) led the week’s deals, pricing at the high end to raise $315 million at a $2.8 billion market cap. Carved out of...read more
Oil land acquirer LandBridge prices IPO at $17, below the range
LandBridge, a surface acreage acquirer in the Delaware Basin formed by Five Point Energy, raised $247 million by offering 14.5 million shares at $17, below the range of $19 to $22. A new investor had indicated on $80 million worth of shares in the offering (32% of the deal), and an undisclosed investor had tentatively intended to purchase an additional $20 million worth of shares in...read more
US IPO Week Ahead: Carve-outs, cross-listings, and energy plays close out the 2Q IPO market
Updated Monday, 6/24. Four IPOs are currently scheduled to debut in the week ahead as the second quarter comes to a close. Immunology biotech Alumis (ALMS) plans to raise $300 million at a $1.0 billion market cap. The company is initially focused on developing two Tyrosine Kinase 2 (TYK2) inhibitors. Its most advanced candidate, ESK-001, is an oral,...read more
Oil land acquirer LandBridge sets terms for $297 million IPO
LandBridge, an oil property acquirer in the Delaware Basin formed by Five Point Energy and WaterBridge, announced terms for its IPO on Monday. The Houston, TX-based company plans to raise $297 million by offering 14.5 million shares at a price range of $19 to $22. A new investor intends to purchase $80 million worth of shares in the offering (27% of the deal). At the midpoint of...read more