Late Stage Mature Pre IPO Unicorns -

EV sports boat developer Forza X1 files for IPO

By Val Kennedy,     EV boat maker Forza X1 (FRZA), a wholly owned subsidiary of Twin Vee Powercats (VEEE), has filed to hold an initial public offering. Forza didn’t indicate in its filing the size and pricing of the proposed IPO. The company hopes to list its shares on Nasdaq under the symbol FRZA. Think Equity is[…]

India’s Swiggy Reportedly Exploring IPO

By Sophia Kunthara, India-based food-delivery company Swiggy is preparing for an IPO, TechCrunch reported Wednesday. The company, which was most recently valued at $10.7 billion, has hired bankers for the deal, including JP Morgan and ICICI Securities, per the report. Swiggy aims to compete with India-based Zomato, which went public in the summer of 2021 after raising more than $2.1 billion in[…]

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Discord reportedly exploring going public through direct listing later this year

By Val Kennedy,     Social media platform Discord is reportedly exploring going public through a direct listing as early as this year. While the company is considering a direct listing, it could also opt for a traditional initial public offering. A deal could also be delayed until 2023, according to Bloomberg. A representative for Discord declined[…]

Global fruit supplier Camposol withdraws $450M US IPO

By Val Kennedy,     Camposol Holding (CMSL), a Latin American supplier of fresh produce, has withdrawn its plans for a $450M initial public offering in the US. The company filed in June 2021 to raise up to $450M, but didn’t disclose additional terms. Camposol planned to list its shares on NYSE under the symbol CMSL. It also expected to[…]

Sustainable energy-focused SPAC ClimateRock files for a $75 million IPO

By Renaissance Capital, ClimateRock, a blank check company targeting the sustainable energy industry in OECD countries, filed on Monday with the SEC to raise up to $75 million in an initial public offering. The London, United Kingdom-based company plans to raise $75 million by offering 7.5 million units at a price of $10. Each unit[…]

Samsara Vision downsizes proposed IPO by 40% to $15M

By Val Kennedy,     Ophthalmic device maker Samsara Vision (NASDAQ:SMSA) has downsized its proposed initial public offering by 40% to $15M. According to a filing, Samsara Vision now plans to offer 2.5M shares priced between $5 and $7 per share. If priced at the midpoint of that range at $6 per share, Samsara would raise approximately $15M. Samsara[…]

Rihanna reportedly eyeing IPO for lingerie brand Savage X Fenty

By Val Kennedy,     Recording artist and fashion mogul Rihanna is reportedly eyeing an initial public offering for her lingerie brand Savage X Fenty that would value the company at $3B or more. Rihanna, who’s real name is Robyn Rihanna Fenty, has been working with Goldman Sachs and Morgan Stanley on a possible IPO that[…]

Lithium battery maker Expion360 sets IPO terms amid increased demand for green energy solutions

By Val Kennedy, Lithium battery maker Expion360 (XPON) said it intends to raise around $18M through an initial public offering amid heightened investor interest in green energy solutions. The Oregon-based company said in a filing that it plans to offer 2.2M shares priced in the range of $7 to $9 per share. Underwriters will be given an option[…]

Cancer therapy developer Artiva Biotherapeutics files to hold IPO on Nasdaq

By Val Kennedy,    Artiva Biotherapeutics (ARTV), which is developing cell-based therapies to treat cancer, has filed to hold an initial public offering on Nasdaq. The biotech group didn’t disclose the size and pricing of the intended deal. The company hopes to list its shares on Nasdaq under the symbol ARTV, according to its filing. Goldman[…]

California VC firm backed by Russia navigates a global crisis

From Pitchbook For Fort Ross Ventures, a Silicon Valley firm with strong ties to Russia, the war in Ukraine casts a long shadow across its international portfolio and investor base. Sberbank, the now-sanctioned top Russian bank, has long been a leading limited partner backing Fort Ross, dating back to its first fund in 2015. Sberbank, the[…]