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TNON News

2022 IPOs with the largest first-day pops are now some of the worst performers

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So far in 2022, IPO activity has been dominated by small, volatile issuers. Of the year’s 51 pricings to date, 19 (37%) have soared 100% or more in their debuts, while one-in-ten have jumped at least 500%. But those with the largest first-day pops have...read more

US IPO Weekly Recap: 4 IPOs price, led by norovirus biotech HilleVax

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Four IPOs raised $266 million this week, headlined by norovirus vaccine developer HilleVax (HLVX). The other three deals were micro-caps, an area of the IPO market that continues to see rapid price swings thanks to interest from momentum...read more

Two more micro-cap IPOs pop on Wednesday, even as US IPO market hits 52-week low

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The US IPO market reached a 52-week low on Wednesday, measured by the Renaissance IPO Index (tracker for the IPO ETF, NYSE: IPO). You wouldn't know it by looking at Wednesday's new...read more

Surgical implant maker Tenon Medical prices downsized IPO at $5 midpoint

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Tenon Medical, which is launching a surgical implant system for sacroiliac joint fusion procedures, raised $16 million by offering 3.2 million shares at $5, the midpoint of the range of $4.50 to $5.50. The company offered 0.8 million fewer shares than previously...read more