Even biotechs aren't immune to the newly-challenging IPO market. Six companies were scheduled to price IPOs this past week, but only four entered the public market; one biotech postponed while another - the largest - withdrew its IPO plans. All four priced at or...read more
MetroCity Bankshares, a Georgia bank focused on serving Asian-American communities in the Eastern US and Texas, raised $26 million by offering 1.94 million shares (52% primary) at $13.50, below the range of $14.50 to $16.50. At the offer price, it...read more
Six IPOs plan to raise $596 million in the week ahead, with two biotechs targeting billion-dollar-plus valuations. Swiss biotech ADC Therapeutics (ADCT) plans to raise $200 million at a $1.8 billion valuation. Insiders have indicated on...read more
MetroCity Bankshares, a Georgia bank focused on serving Asian-American communities in the Eastern US and Texas, announced terms for its IPO on Tuesday. The Doraville, GA-based company plans to raise $30 million by offering 1.9 million shares (48% insider)...read more
US IPO Weekly Recap: Oncology biotech Aprea Therapeutics finishes on top in 4-IPO week
Even biotechs aren't immune to the newly-challenging IPO market. Six companies were scheduled to price IPOs this past week, but only four entered the public market; one biotech postponed while another - the largest - withdrew its IPO plans. All four priced at or...read more
MetroCity Bankshares prices IPO below the range at $13.50
MetroCity Bankshares, a Georgia bank focused on serving Asian-American communities in the Eastern US and Texas, raised $26 million by offering 1.94 million shares (52% primary) at $13.50, below the range of $14.50 to $16.50. At the offer price, it...read more
US IPO Week Ahead: A wave of biotechs and billion-dollar valuations in 6-IPO week
Six IPOs plan to raise $596 million in the week ahead, with two biotechs targeting billion-dollar-plus valuations. Swiss biotech ADC Therapeutics (ADCT) plans to raise $200 million at a $1.8 billion valuation. Insiders have indicated on...read more
Georgia bank MetroCity Bankshares sets terms for $30 million IPO
MetroCity Bankshares, a Georgia bank focused on serving Asian-American communities in the Eastern US and Texas, announced terms for its IPO on Tuesday. The Doraville, GA-based company plans to raise $30 million by offering 1.9 million shares (48% insider)...read more