SHIM News
Archived Headlines
- US IPO Week Ahead: Reinsurer Hamilton Group and biotech CARGO Therapeutics plot next major IPOs amid difficult market 11/03/23
- US IPO Weekly Recap: Biotech Lexeo stumbles after $100 million IPO 11/03/23
- US IPO Week Ahead: Biotech Lexeo and construction firm Shimmick kick off November IPO market 10/27/23
- Construction firm Shimmick sets terms for $50 million IPO 10/24/23
- Construction firm Shimmick files for a $50 million IPO 10/05/23
Renaissance Capital's November IPO Market Update
Eleven US IPOs raised a combined $708 million in November, well below the month's historical 10-year average (16 IPOs, $4.2B). Deal flow was led by three sizable issuers, and remaining activity came from smaller companies, all of which raised $33 million or less...read more
US IPO Weekly Recap: Smaller deals slip through the IPO window before the Thanksgiving break
Four smaller IPOs priced this past week, joined by one SPAC. The biggest news came from the pipeline, with product assessment services provider UL Solutions (ULS) filing for an estimated $1 billion IPO, followed by a sizable filing from...read more
Construction firm Shimmick prices downsized IPO at $7, well below the range
Shimmick, a California-based construction firm specializing in public water infrastructure, raised $25 million by offering 3.6 million shares at $7, well below the range of $10 to $12. The company offered 0.98 million fewer shares than anticipated. Shimmick...read more
US IPO Week Ahead: Hong Kong-based food retailer and holdovers keep the IPO market moving
Three IPOs are currently scheduled for the week ahead, though other small issuers may join the calendar late. Hong Kong-based DDC Enterprise (DDC) plans to raise $45 million at a $226 million market cap. Starting as an online recipe platform,...read more