Late Stage Mature Pre IPO Unicorns - PreIPOSwap.com

All eyes on me: Leading eyecare company Bausch + Lomb sets terms for $788 million dual listing in the US and Canada

By Renaissance Capital, Bausch + Lomb, a leading supplier of contact lenses and eyecare products, announced terms for its IPO on Thursday. The company plans to dual list on the Toronto Stock Exchange. The Vaughan, Canada-based company plans to raise $788 million by offering 35 million shares (100% secondary) at a price range of $21 to[…]

Norovirus vaccine developer HilleVax upsizes proposed IPO to $175M

By Val Kennedy,    Novovirus vaccine developer HilleVax (HLVX) has upsized its initial public offering to $175M from $100M. The biotech company said in an amended filing on Monday that it now plans to offer 10.3M shares priced between $16 and $18 per share. If priced at the midpoint, the company would raise approximately $175M. In a filing[…]

Lung cancer test developer BioAffinity files for $19M IPO

By Val Kennedy,     BioAffinity Technologies (BIAF), which is developing a test to better detect lung cancer in its earliest stages, has filed for a $19M initial public offering. The Texas-based diagnostics maker didn’t specify the number of shares to be offered and their pricing, but indicated that it hoped to raise up to $19M through[…]

Applied Blockchain stock slides in wake $40M IPO, Nasdaq uplisting

By Val Kennedy,     Applied Blockchain (APLD) stock tumbled 10% Thursday, a little over a week after the company uplisted its shares to Nasdaq and raised $40M through an initial public offering. Shares opened at $4.61, sliding to $4.15 by early afternoon. The stock recently changed hands at $4.24, down 10%, at approximately 2:55 p.m.[…]

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[…]

Chinese IoT solutions provider Wuxin Technology files for US IPO

By Val Kennedy,   Wuxin Technology Holdings (WXT), a provider of Internet of Things connectivity solutions in China, has filed to hold an initial public offering in the US. Wuxin plans to list its shares on Nasdaq under the symbol WXT. The size and pricing of the deal were not disclosed. Prime Number Capital is[…]

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[…]

DoD Invests In “Rocket Cargo” To Deliver Weapons Anywhere On Earth In 1 Hour

from ZH Ars Technica points out that deep within the Department of Defense Fiscal Year (FY) 2022 Budget Estimates, a 462-page book, there is a section about the Air Force leveraging rocket technology to deliver massive amounts of advanced weaponry and military cargo to anywhere in the world within a short notice. “The Department of the Air Force[…]

Growth Firms, Not VCs, Are The Most Active Investors In New Unicorns This Year, And They’re Doubling Down

From Crunchbase News An unprecedented number of companies have joined Crunchbase’s private company unicorn board already this year: Less than halfway into 2021 there are 166 new companies, compared to 163 for the whole of 2020. Subscribe to the Crunchbase Daily Based on our analysis, New York-based private equity firm Tiger Global Management is the most active investor[…]

Your Next Bite Of Meat Could Be A Hybrid Of Animal Cells, Plants

From Crunchbase News: Cell-based meats are becoming increasingly popular as our food system is being disrupted by innovation. Subscribe to the Crunchbase Daily Many of the facets of its future were discussed this week at the virtual Future Food-Tech conference, which gathered food business leaders, venture capital investors and food tech innovators into conversations around innovation[…]