NVL News
Archived Headlines
- US IPO Weekly Recap: Launches and large filings fill in the short holiday week 05/31/24
- US-based aluminum company Novelis sets terms for $878 million IPO 05/28/24
- US IPO Week Ahead: IPO market breaks for the short Memorial Day week 05/24/24
- US IPO Weekly Recap: Hot pot chain leads the week’s IPOs as the pipeline gets a billion-dollar boost 05/17/24
- The year's large IPOs are trading well, so where is the spring pickup? 05/14/24
See more
US IPO Weekly Recap: Healthcare software leads $1.3 billion IPO week, even as Novelis calls off IPO
Five IPOs debuted this week, and raised over $1.3 billion in proceeds. One SPAC also listed. One name that did not join the fray was aluminum company Novelis (NVL), which called off its planned $878 million IPO at the eleventh-hour. Three IPOs...read more
US-based aluminum company Novelis postpones $878 million IPO
Novelis, a US-based aluminum roller and recycler owned by India's Hindalco, postponed its IPO on Wednesday, citing market conditions. It had filed to raise $878 million by offering 45 million shares (100% secondary) at a price range of $18 to $21. The Atlanta,...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 Week Ahead: Healthcare software and aluminum to lead 5 IPO week
Updated Monday, 6/3. Five listings are currently scheduled for the week ahead, although smaller issuers may join the calendar throughout the week. Hospital billing platform Waystar (WAY) plans to raise $968 million at a $3.7 billion...read more