Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted...read more
Shengfeng Development, a Chinese contract logistics services provider, raised $10 million by offering 2.4 million shares at $4, the low end of the range of $4 to $5. The company offered 0.6 million fewer shares than anticipated. It originally planned to offer 8...read more
Shengfeng Development, a Chinese contract logistics services provider, lowered the proposed deal size for its upcoming IPO on Friday. The Fuzhou, China-based company now plans to raise $14 million by offering 3 million shares at a price range of $4 to $5. The...read more
Shengfeng Development, a Chinese contract logistic services provider, lowered the proposed deal size for its upcoming IPO on Thursday. The Fuzhou, China-based company now plans to raise $25 million by offering 5 million shares at $5. The company had previously...read more
US IPO Weekly Recap: 1Q IPO market wraps up with eight foreign issuers
Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted...read more
Chinese logistics provider Shengfeng Development prices downsized US IPO at $4 low end
Shengfeng Development, a Chinese contract logistics services provider, raised $10 million by offering 2.4 million shares at $4, the low end of the range of $4 to $5. The company offered 0.6 million fewer shares than anticipated. It originally planned to offer 8...read more
Chinese logistics firm Shengfeng Development further cuts deal size by 46% ahead of $14 million US IPO
Shengfeng Development, a Chinese contract logistics services provider, lowered the proposed deal size for its upcoming IPO on Friday. The Fuzhou, China-based company now plans to raise $14 million by offering 3 million shares at a price range of $4 to $5. The...read more
Chinese logistics firm Shengfeng Development lowers proposed deal size by 31% ahead of $25 million US IPO
Shengfeng Development, a Chinese contract logistic services provider, lowered the proposed deal size for its upcoming IPO on Thursday. The Fuzhou, China-based company now plans to raise $25 million by offering 5 million shares at $5. The company had previously...read more