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ipo IPO Watch

IMV Prices 14.3 M Units of Public Offering at $1.75/Unit

One common share and three-quarters of a common share purchase warrant are included in each Unit. Each Warrant authorises the holder to purchase one common share at a price of US$2.10 per common share for a period of 60 months following the closure of the Offering, subject to adjustment in certain conditions.

The Offering is scheduled to close on or around July 20, 2021, with the common shares underlying the Units and Warrants proposed for listing on the TSX and Nasdaq.

The Corporation plans to use the net proceeds of the Offering to continue clinical development of maveropepimut-S (DPX-Survivac) in DLBCL, breast cancer, ovarian cancer, bladder cancer, and microsatellite instability high (MSI-H), as well as to begin clinical development of a new product, DPX-SurMAGE, in bladder cancer, continuing to develop its patented drug delivery technology (DPX), as well as for other corporate reasons.

Company Profile

Albireo is a clinical-stage biopharmaceutical company focused on the development of novel bile acid modulators to treat rare pediatric and adult liver diseases, and other adult liver diseases and disorders. We have deep expertise in bile acid biology and a pipeline of clinical and nonclinical programs. Our parent company, Albireo Pharma, Inc., is located in Boston, Massachusetts and our key operating subsidiary, Albireo AB, is located in Gothenburg, Sweden. We were spun out from AstraZeneca in 2008.

(Source:  RTT News)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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ipo IPO Watch

Terms out for Clarity’s $358 million IPO

Oncology imaging technologies and medicines are the focus of Clarity. It’s working on Targeted Copper Theranostic (TCT) products, which allow copper to be utilised in the diagnosis and treatment of malignancies like prostate and breast cancer, as well as uncommon and orphan diseases like neuroblastoma, which arises from immature nerve cells in children.

It will undoubtedly be compared to Telix, the only other publicly traded radiopharmaceutical business, which has gained 38.4% year to date and has a market capitalization of $1.6 billion.

Clarity is chaired by Alan Taylor, a former Inteq consultant who handled a number of Australian listings, and is run by Colin Biggin, a former Algeta executive. Major supporters such as Australian Unity and Sydney-based investment manager Firetrail Investments joined KKR-backed GenesisCare in a $25 million pre-IPO funding round last year.

Company Profile

Clarity is a clinical stage radiopharmaceutical company developing next-generation theranostic (therapy and imaging) products, based on its platform SAR Technology. The SAR Technology is ideally suited for use with copper isotopes, enabling superior imaging and therapeutic characteristics of radiopharmaceutical products and addressing the current manufacturing and logistical limitations in the growth of the radiopharmaceutical sector in oncology.

(Source: AFR News)

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ipo IPO Watch

Luxury Social Club Operator Membership Collective prices IPO at $14 low end

The Membership Collective Group sells subscriptions to a variety of restaurants and social groups across the world.

Soho Houses are the company’s core locations, which are designed to be collaborative, creative spaces for writers, artists, performers, entrepreneurs, directors, designers, and producers.

A group of influential creatives and innovators who represent the local area selects the members of each Soho House.

Other locations offered by Membership Collective Group include the work-oriented Soho Works, The Ned in London, and Scorpios Beach Club in Mykonos.

Company Profile

Membership Collective Group Inc. is a global membership platform. The Company offers platform of physical and digital spaces that connects a diverse group of members to work, socialize, and flourish all over the world. Membership Collective Group serves customers worldwide.

(Source: NASDAQ)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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ipo IPO Watch

The IPO valuation of Rs 60,000 crore for Zomato has created a lot of buzz.

People have opposing viewpoints. Despite its losses, some believe that a tech-enabled corporation should be valued differently than a typical company. Some see the IPO as a way for venture capital and private equity investors to unload their risk to retail investors, while others anticipate Indian food tech businesses will match international peers like DoorDash’s valuations to a major extent.

Zomato’s IPO will take place from July 14 to July 16, with a price range of Rs 72-76.

Zomato’s IPO will take place from July 14 to July 16, with a price range of Rs 72-76. The increased offer size is estimated to be around Rs 9,375 crore. Zomato’s IPO valuation, at around Rs 60,000 crore, is roughly equal to the market value of all of the other quick service restaurants (QSRs) listed on Indian stock exchanges. It is also worth as much as the combined market value of all of the country’s listed hospitality chains. This second category includes behemoths such as Indian Hotels, which operates the world-famous Taj hotel brand in India and overseas and also Oberoi Hotels.

In India, there are around 20 listed hospitality companies with a combined market capitalisation of Rs 44,000 crore and a half-dozen listed quick service restaurants with a combined market value of Rs 60,712 crore. After the coronavirus crisis, Jubilant (which operates a Domino’s Pizza India franchisee), Westlife (McDonald’s), and Indian Hotels (which runs the Qmin gourmet food ordering app) all introduced contactless delivery services.

Jubilant Foods, which claims that over 90% of Domino’s deliveries are now related to internet orders, is the most valuable QSR stock at Rs 41,007 crore, while Indian Hotels (Taj) is the most valuable hospitality firm at Rs 17,589 crore. According to Indian Hotels chairman N Chandrasekaran, who spoke at the company’s annual shareholder meeting last month, Qmin, which Taj debuted last July, is expanding its reach to 25 cities from 16 cities.

Source: economictimes.indiatimes

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ipo IPO Watch

Sentage Holdings Approved For Listing, Prices IPO of 4 Million Shares

The Nasdaq Capital Market has authorised the ordinary shares for listing, and they will begin trading on July 9, 2021 under the ticker code “SNTG.”

Before deducting underwriting discounts and other relevant expenses, the firm intends to receive gross proceeds of US$20.0 million from the Offering.

The business has also given the underwriters a 45-day option to buy up to 600,000 additional ordinary shares at the public offering price, minus underwriting discounts. The Offering is scheduled to close on or around July 13, 2021, if all customary closing conditions are met.

Sentage intends to utilise the money from the offering to acquire businesses and activities that are comparable to its own, as well as general business operations and a loan recommendation fund.

Company Profile

Sentage Holdings Inc. operates as a holding company. The Company, through its subsidiaries, provides financial solutions across consumer loan repayment and collection management, loan recommendation, and prepaid payment network services. Sentage Holdings serves customers in China.

(Source: Rtt News)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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ipo IPO Watch

Tatva Chintan Pharma, Chemplast Sanmar Chem receives approval from the SEBI for IPOs

According to a Monday update with Sebi, Chemplast Sanmar and Tatva Chintan Pharma Chem acquired Sebi’s findings on July 2 and June 30, respectively. Any firm planning to conduct a public offering, such as an initial public offering (IPO), a follow-on public offering (FPO), or a rights issue must adhere to Sebi’s guidelines.

According to the draught papers, Chemplast Sanmar’s Rs 3,500 crore IPO includes a Rs 1,500 crore fresh issue of equity shares and a Rs 2,000 crore offer for sale. Sanmar Holdings Ltd and Sanmar Engineering Services Ltd are selling shares worth Rs 1,850 crore and Rs 150 crore, respectively, in the offer for sale.

About Chemplast Sanmar

Chemplast Sanmar is a prominent specialised chemicals company that specialises in speciality paste PVC (polyvinyl chloride) resin and bespoke manufacturing of raw ingredients and intermediates for the pharmaceutical, agrochemical, and fine chemicals industries. The net proceeds would be used to pay for the early redemption of the company’s non-convertible debentures (NCDs) to the tune of Rs 1,238.25 crore. The money will also be put to good use in the company.

About Tatva Chintan Pharma Chem

According to the draft red herring prospectus, Tatva Chintan Pharma Chem’s IPO consists of a fresh issue of equity shares worth Rs 225 crore and an offer of sale by current founders and shareholders for Rs 225 crore .The proceeds from the new offer will be utilised to pay capital expenditures for the company’s Dahej manufacturing facility, as well as upgrades to its R&D facility in Vadodara and other general business reasons.

Source; Economic times

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ipo IPO Watch

IPO Stocks to Keep an Eye on in June

Squarespace(ticker: SQSP), a website builder, was the most high-profile listing in May. . Although the corporation’s initial public offering (IPO) was technically a direct listing rather than a typical IPO, the shares began trading on May 19. Squarespace’s price has risen approximately 17% so far.

The IPO boom is anticipated to remain in June and beyond, according to investors. Here are five initial public offerings to keep an eye on:

  • dLocal (DLO)
  • Krispy Kreme (DNUT)
  • Authentic Brands
  • Couchbase
  • Robinhood

dLocal (DLO)

dLocal, a payments startup, is part of a wave of digital payments companies that are going public. In late May, Paymentus Holdings (PAY) and Flywire Corp. (FLYW) completed their first public offerings. In addition, Marqeta (MQ) has filed to go public next week.

dLocal reported $104.1 million in revenue in 2020 in its IPO filings, up 89 percent over 2019. It also made a profit of $28.2 million last year, in stark contrast to many IPO growth stocks, which are losing money.On June 3, shares began trading on the Nasdaq. The payment startup raised $617.7 million in its initial public offering, which opened at $31 per share.

Krispy Kreme (DNUT)

Krispy Kreme, a doughnut company, said on May 4 that it has filed secret documents to execute an IPO. Krispy Kreme is aiming to re-enter the public market after its initial public offering (IPO) in 2000 ended in a Chapter 11 bankruptcy barely five years later.

Investors are hoping that the value of Krispy Kreme has increased since 2016. Dunkin’ Brands, a competitor, was taken private in 2020 for $8.76 billion.

Authentic Brands

Authentic Brands filed for an IPO in secret on May 26 and is aiming for a $10 billion valuation, according to Women’s Wear Daily. The data appears to back up an earlier Bloomberg report claiming that Authentic Brands is considering an IPO.

According to CNBC, Authentic Brands was estimated at between $4 billion and $5 billion in its most recent fundraising round in 2019.

Couchbase

According to insiders acquainted with the situation, Couchbase might be worth up to $3 billion. Cisco Systems (CSCO), Intuit (INTU), and PayPal Holdings are among the company’s high-profile customers, generating more than $100 million in annual revenue (PYPL).

Couchbase has been planning an initial public offering (IPO) since 2016. The company has been quiet about its anticipated IPO in recent months, but the March filing indicates that a formal announcement might happen at any time.

Robinhood

The past few years have been tremendously profitable for Robinhood, but they have also been marred by controversy. After the Reddit WallStreetBets community staged targeted short squeezes, Robinhood briefly suspended trading in GameStop Corp. (GME) and other so-called “meme” stocks, CEO Vlad Tenev was called to testify before Congress.

Tenev stated in his statement that Robinhood has over 13 million consumers. In 2020 and early 2021, a retail stock trading boom fueled Robinhood’s exponential growth. According to TechCrunch, the company’s payment for order flow revenue climbed from around $90 million in the first quarter of 2020 to around $220 million in the fourth quarter.

Source: money.usnews.com

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Following Over Subscribed IPO, Resource Base to Acquire Black Range Metal Project

Black Range Acquisition

Following the completion of an initial public offering (IPO) and planned relisting on the Australian Securities Exchange, junior minerals company Resource Base will pursue an aggressive exploration campaign at the potential Black Range base metals property in northwest Victoria.

In February, Resource Base obtained a conditional right to purchase Black Range from its present owner, Navarre Minerals (ASX: NML). The firms reached a definitive agreement under which Navarre will dispose the non-core asset in exchange for $1.52 million in Resource Base shares upon listing.

A second tranche of 2.5 million shares will be awarded to Navarre upon the announcement of a JORC resource of 100,000 tonnes within five years, and a third 6 million share tranche will be issued upon the delivery of the project’s comprehensive feasibility study.

Eclipse Prospect

After the acquisition is completed, Resource Base will conduct exploration, pre-feasibility studies, and bankable feasibility studies on the project to show the commercial viability of a mining operation.

The Eclipse opportunity, which sits in the Stavely corridor and is considered prospective for volcanic-hosted massive sulphide mineralisation, is Resource Base’s priority objective within the project.

The first two years as a public business will also include evaluating fresh exploration and acquisition prospects, as well as completing studies for near-term copper and gold production.

“The company will also consider further merger and acquisition activity where appropriate, with a view to growing the company and creating further value for shareholders.”

Company Profile

Resource Base Limited is a mineral exploration company focused on the acquisition and development of highly prospective exploration projects with demonstrated potential for scalable discoveries.

(Source: Small Caps)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.