Nasdaq IPOs

Nasdaq Closes Out September With More Than 40 IPOs, Anticipating Strong IPO Activity for October

Foghorn Therapeutics, a preclinical biotech developing gene therapies for hematologic cancers and solid tumors, filed on Friday with the SEC to raise up to $100 million in an initial public offering. Foghorn is developing a new class of medicines targeting genetically determined

Academy Sports and Outdoors, a value-oriented sports and outdoor equipment retailer in the southern US, raised $203 million by offering 15.6 million shares at $13, well below the range of $15 to $17. At pricing, the company raised 19% less in proceeds than anticipated. Academy Sp

Caliber Home Loans, a residential mortgage producer and servicer, filed on Friday with the SEC to raise up to $100 million in an initial public offering. All shares in the offering will be sold by existing shareholders. The company plans to raise an additional $100 million t

Vy Global Growth, a blank check company formed by Vy Capital targeting the technology sector, raised $500 million by offering 50 million units at $10. Each unit consists of one share of common stock and one-fifthof a warrant, exercisable at $11.50. The company may raise an additi

Apollo Strategic Growth Capital, a blank check company formed by Apollo targeting growth-oriented businesses, raised $750 million by offering 75 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company is

Avanti Acquisition, a blank check company formed by NNS Group and Sienna Capital targeting a European business, raised $600 million by offering 60 million units at $10. The company offered 10 million more units than anticipated. Each unit consists of one share of common stock and

ION Acquisition 1, a blank check company formed by ION Asset Management to acquire an Israeli business, raised $225 million by offering 22.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and

Sports Entertainment Acquisition, a blank check company formed by former NFL and NHL executives targeting the sports and entertainment sectors, raised $400 million by offering 40 million units at $10. The company offered 5 million more units than anticipated. Each unit consi

Atlantic Avenue Acquisition, a blank check company formed by MC Credit Partners targeting the business and consumer-related sectors, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at

VG Acquisition Corp., a blank check company formed by Virgin Group targeting consumer-facing businesses in the US and Western Europe, raised $480 million by offering 48 million units at $10. The company offered 8 million more units than anticipated. Each unit consists of one shar

Immunome, a preclinical biotech developing antibody therapies for cancer and infectious diseases, raised $39 million by offering 3.3 million shares at $12, within the range of $11 to $13. The company offered 0.8 million more shares than anticipated. At pricing, the company raised

Processa Pharmaceuticals, which is developing an analog therapy for necrotic skin disease, raised $19 million by offering 4.8 million shares at $4, below the last close of its shares on the OTCQB (PCSA). The company most recently filed to offer 3.9 million shares at $5. At pricin

C4 Therapeutics, a preclinical biotech developing small molecule protein degraders to treat cancer, raised $182 million by offering 9.6 million shares at $19, above the range of $16 to $18. The company offered 0.8 million more shares than anticipated. At pricing, the company rais

Oncorus, a Phase 1 biotech developing oncolytic virus therapies for solid tumors, raised $87 million by offering 5.8 million shares at $15, within the range of $14 to $16. Oncorus plans to list on the Nasdaq under the symbol ONCR. Jefferies, Evercore ISI and Piper Sandler acted a

Guild Holdings, which provides personalized mortgage services and loan origination, filed on Thursday with the SEC for a $100 million initial public offering. All shares in the offering will be sold by existing shareholders.  With its 60 year history, the company is among th

CONX, a blank check company formed by TMT industry veteran Charles Ergen, filed on Thursday with the SEC to raise up to $1.0 billion in an initial public offering. The Littleton, CO-based company plans to raise $1.0 billion by offering 100 million units at $10. Each uni

We’ve updated our July blog post for quarter-end returns and new commentary. In the third quarter, a record-breaking 83 SPACs raised $30.6 billion, the latest in a growing list of milestones for the increasingly popular IPO alternative. The space is hotter than ever, but SP

AmeriHome, a residential mortgage producer and servicer, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $300 million. AmeriHome has created a flexible and sca

Gatos Silver, a US producer of silver and other precious metals, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. It plans to dual-list its shares on the NYSE and the Toronto Stock Exchange. Gatos Silver is a precious metals prod