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SRFM News

Another volatile direct listing: reAlpha soars on day one and plummets on day two

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reAlpha Tech (AIRE) completed the year's fourth direct listing on Monday, and it's the latest to deliver extremely volatile trading in its first days as a public company. The short-term rental operator listed on the Nasdaq and soared on its...read more

Private jet charter companies take off with SPAC mergers, IPOs, and direct listings

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The air mobility space is taking off, and small aviation companies are lining up to go public. In addition to Surf Air Mobility's direct listing last month, six more private air travel companies are on tap to list in the US...read more

Renaissance Capital's July IPO Market Update

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Eleven issuers raised a combined $939 million in July, well below the 10-year average (22 IPOs, $5.1B). Four deals raised $80 million or more, along with the year’s first direct listing (SRFM), and a wave of small issuers, which have largely disappeared...read more

US IPO Weekly Recap: July closes out with 2023’s first direct listing and a wave of small IPOs

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A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility (SRFM) completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5. The...read more