PAL News
Archived Headlines
- Take it for a spin: Auto transport roll-up Proficient Auto Logistics sets terms for $215 million IPO 04/29/24
- These sectors lead performance as the summer IPO market comes into view 04/25/24
- US IPO Weekly Recap: 3 IPOs raise over $1.4 billion, led by UL Solutions 04/12/24
- On the road again: Auto transport roll-up Proficient Auto Logistics files for a $100 million IPO 04/11/24
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 Weekly Recap: Chinese EV brand gains 35% to lead 4 IPO week
Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally...read more
Auto transport roll-up Proficient Auto Logistics prices IPO at $15 midpoint
Proficient Auto Logistics, a roll-up of auto transportation and logistics services providers, raised $215 million by offering 14.3 million shares at $15, the midpoint of the range of $14 to $16. An insider had indicated on $3 million worth of shares in the...read more
US IPO Week Ahead: EVs, auto transport, and design software to lead 6 IPO week
Six listings are currently scheduled for the week ahead, three of which plan to raise over $100 million. Chinese premium EV brand ZEEKR (ZK) plans to raise $341 million at a $4.8 billion market cap. The company was originally part of Chinese...read more