Late Stage Mature Pre IPO Unicorns -

California-based SmartStop Self Storage REIT files for a $100 million IPO

By Renaissance Capital, SmartStop Self Storage REIT, a self storage REIT with 171 owned and managed properties across the US and Canada, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The company owns and operates self storage facilities in the US and Canada, primarily in MSAs across[…]

Singapore-based JE Cleantech Holdings prices US IPO at $4

By Renaissance Capital, JE Cleantech Holdings, which makes cleaning equipment and provides dishwashing and cleaning services in Singapore, raised $15 million by offering 3.8 million shares (20% secondary) at $4, as expected. JE Cleantech has been selling cleaning systems since 2005 and makes a broad range of products, including aqueous washing systems, plating and cleaning[…]

EV sport boat developer Forza X1 downsizes proposed IPO

By Val Kennedy,   EV sport boat developer Forza X1 (FRZA) has downsized its proposed initial public offering to around $18M from $31M. Forza X1 indicated the new raise target in an amended filing, although the number could be a placeholder and likely to change. The EV boat maker didn’t specify the number and pricing of the shares to[…]

Coffee chain Reborn Coffee seeking to raise up to $40M in IPO

By Val Kennedy,      Coffee chain Reborn Coffee (REBN) has filed to raise up to $40M through an initial public offering. Reborn said in a filing that it intends to offer 15M units, with each unit consisting of one share plus one warrant to buy one share at 125% the public price. The price range was not[…]

Malaysian e-payment app Treasure Global files for a $29 million IPO

By Renaissance Capital, Treasure Global, which provides an e-payment app in Malaysia that offers instant rebates, filed on Tuesday with the SEC to raise up to $29 million in an initial public offering. Treasure Global’s e-payment application, ZCITY App, is designed to offer consumers and merchants instant rebates and affiliate cashback programs, while providing a[…]

Hydroponic vertical farming company Edible Garden sets terms for IPO

By Val Kennedy     Hydroponic and vertical farming company Edible Garden (EDBL) has set terms for its proposed $14.7M initial public offering. The company said in a filing that it plans to offer 2.1M units priced between $6 and $8 per unit. Each unit will consist of one share plus one warrant to buy one share at[…]

Intel said to hire banks for Mobileye IPO preparations

By Joshua Fineman,     Intel (NASDAQ:INTC) is said to hire banks to prepare for an IPO of its Mobileye self-driving car unit. Intel has hired Goldman Sachs and Morgan Stanley for the IPO of Mobileye, according to a Reuters report. Intel said last month that its autonomous driving unit, Mobileye, confidentially submitted its draft registration statement with the Securities[…]

Canadian miner Austin Gold files for $13M US IPO

By Val Kennedy,     Canadian gold miner Austin Gold (AUST) has filed to raise $13.2M through an initial public offering on the US market. Austin Gold said in a filing that it plans to offer 3.3M shares priced at $4 per share. Underwriters will be granted a 30-day option to buy up to 490K additional shares at[…]

Legendary piano maker Steinway files for IPO

By Val Kennedy,     Legendary piano maker Steinway Musical Instruments (STWY) has filed to hold an initial public offering. The musical instruments manufacturer didn’t disclose the size and pricing of the deal in its filing. Shares will be offered by existing stockholders and Steinway will not receive any of the proceeds. Steinway plans to list its shares[…]

Excelerate Energy prices IPO at $24, the high end of the range

By Renaissance Capital, Excelerate Energy, which operates LNG storage and regasification infrastructure in emerging markets, raised $384 million by offering 16 million shares at $24, the high end of the range of $21 to $24. Excelerate Energy plans to list on the NYSE under the symbol EE. Barclays, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities[…]