Amid the IPO market’s annual August break, five very small issuers raised a combined $42 million, well below the typically-slow month’s 10-year average (10 IPOs, $1.9B). The lineup included four traditional IPOs, all of which finished below issue, and one direct listing, which delivered volatile trading before being halted for insufficient volume. The month’s...read more
Three small issuers began trading this past week, two of which were eligible for inclusion in our IPO stats. Australia-based Fitell (FTEL) priced at the low end to raise $15 million at a $56 million market cap. The fitness retailer sells branded equipment including weights, bars, power racks, benches, and gym machines. It plans to launch smart equipment and...read more
LQR House, which provides digital marketing and branding services to the alcohol industry, raised $5 million by offering 1 million shares at $5, the midpoint of the $4 to $6 range. LQR House provides digital marketing and brand development to the alcoholic beverage space. The company currently has a partnership with Country Wine & Spirits (CWS), through which LQR holds the...read more
LQR House, which provides digital marketing and branding services to the alcohol industry, filed on Thursday with the SEC to raise up to $5 million in an initial public offering. The Miami Beach, FL-based company plans to raise $5 million by offering 1 million shares at a price range of $4 to $6. At the midpoint of the proposed range, LQR House would command a market value of $56...read more
Renaissance Capital's August IPO Market Update
Amid the IPO market’s annual August break, five very small issuers raised a combined $42 million, well below the typically-slow month’s 10-year average (10 IPOs, $1.9B). The lineup included four traditional IPOs, all of which finished below issue, and one direct listing, which delivered volatile trading before being halted for insufficient volume. The month’s...read more
US IPO Weekly Recap: IPO market sees fitness, liquor marketing, and medical devices
Three small issuers began trading this past week, two of which were eligible for inclusion in our IPO stats. Australia-based Fitell (FTEL) priced at the low end to raise $15 million at a $56 million market cap. The fitness retailer sells branded equipment including weights, bars, power racks, benches, and gym machines. It plans to launch smart equipment and...read more
Alcoholic beverage marketing company LQR House prices IPO at $5 midpoint
LQR House, which provides digital marketing and branding services to the alcohol industry, raised $5 million by offering 1 million shares at $5, the midpoint of the $4 to $6 range. LQR House provides digital marketing and brand development to the alcoholic beverage space. The company currently has a partnership with Country Wine & Spirits (CWS), through which LQR holds the...read more
Alcoholic beverage marketing company LQR House files and sets terms for a $5 million IPO
LQR House, which provides digital marketing and branding services to the alcohol industry, filed on Thursday with the SEC to raise up to $5 million in an initial public offering. The Miami Beach, FL-based company plans to raise $5 million by offering 1 million shares at a price range of $4 to $6. At the midpoint of the proposed range, LQR House would command a market value of $56...read more