Late Stage Mature Pre IPO Unicorns - PreIPOSwap.com

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[…]

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[…]

Online education company Genius Group prices downsized IPO at $6, the high end of the range

By Renaissance Capital, Genius Group, which provides online and in-person entrepreneur education services, raised $20 million by offering 3.3 million shares at $6, the high end of the range of $5 to $6. The company originally planned to raise $40 million by offering 7.3 million shares at that range, before cutting the share offering by[…]

Cancer biotech MAIA Biotechnology files for a $15 million IPO

By Renaissance Capital, MAIA Biotechnology, a Phase 2 biotech developing targeted immunotherapies for cancer, filed on Monday with the SEC to raise up to $15 million in an initial public offering. The company’s lead candidate, THIO, is expected to enter Phase 2 human trials in Australia and Europe in the 1H22 for Non-Small Cell Lung[…]