IPO roundup: NVL, TEM, and more

seekingalpha06-10

The IPO market last week saw a mix of activity. While industrial giant Novelis (NVL) surprisingly postponed its $878M IPO, marking the biggest delay since Clarios in mid-2021, heavyweights like ...

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While industrial giant Novelis (NVL) surprisingly postponed its $878M IPO, marking the biggest delay since Clarios in mid-2021, heavyweights like ...</p>\n\n<a href=\"https://seekingalpha.com/news/4114383-ipo-roundup-nvl-tem-and-more\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IPO roundup: NVL, TEM, and more</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIPO roundup: NVL, TEM, and more\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-10 21:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4114383-ipo-roundup-nvl-tem-and-more><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The IPO market last week saw a mix of activity. While industrial giant Novelis (NVL) surprisingly postponed its $878M IPO, marking the biggest delay since Clarios in mid-2021, heavyweights like ...</p>\n\n<a href=\"https://seekingalpha.com/news/4114383-ipo-roundup-nvl-tem-and-more\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SQQQ","symbol_name":"纳指三倍做空ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4114383-ipo-roundup-nvl-tem-and-more","article_id":"2442844060","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299608214/image_1299608214.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442844060","pubTimestamp":1718026317,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The IPO market last week saw a mix of activity. 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(Uplisting)","QQQ":"纳指100ETF","WAY":"Waystar Holding Corp.",".IXIC":"NASDAQ Composite","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","INHD":"INNO Holdings Inc.","ZKH":"震坤行","KAPA":"Kairos Pharma, Ltd.","TEM":"Tempus AI","BK4104":"贸易公司与经销商"},"translate_title":"IPO综述：NVL、TEM等","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZKH":1,"WOK":1,"WAY":1,"INHD":1,"KAPA":1,"NVL":1,"TLX":1,"TEM":1,".IXIC":0.89,"QID":0.6,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"The IPO market last week saw a mix of activity. While industrial giant Novelis (NVL) surprisingly postponed its $878M IPO, marking the biggest delay since Clarios in mid-2021, heavyweights like hospital billing platform Waystar (NASDAQ:WAY) raised $968M by pricing its offering at the midpoint of the expected range. However, its stock price dipped 4% on its debut day. The upcoming week promises further action, with precision medicine company Tempus AI (TEM) set to raise $400M and Australian firm Telix Pharmaceuticals (TLX) planning to raise $200M. The Renaissance IPO ETF (NYSEARCA:IPO) has gained 4.6% YTD, trailing the 12.1% return of the S&P 500. Here are some of the other major headlines in the IPO market: Coming IPOs that are expected to be priced this week  Telix Pharmaceuticals (TLX) is raising up to $201.8M by issuing 17M shares at a price of $11.87 per share. Description: An Australian biotech company. Tempus AI (TEM) is raising $399.6M by issuing 11.1M shares at an estimated price range of $35–$37 per share. Description: A developer of AI-based oncology diagnostic products. Kairos Pharma (KAPA) is raising $6.2M by offering 1.6M shares at $4 per share. Description: An oncology drug developer. WORK Medical Technology Group (WOK) is raising $9M by issuing 2M shares at an estimated price range of $4–5 per share. Description: A medical device maker based in China.  New notable filings  Alumis (ALMS) has filed with the SEC to raise up to $100M in an initial public offering. It plans to list on the Nasdaq under the symbol ALMS. Description: A biotech company focused on developing kinase inhibitors for immune-mediated diseases. EQV Ventures Acquisition (EQVU) has filed with the SEC to raise up to $350M in an initial public offering. The Park City, UT-based company plans to offer 35M units at $10 each, each containing one share of common stock and one-third of a warrant, exercisable at $11.50. EQV Ventures Acquisition, founded in 2024, aims to target the energy sector, focusing on businesses involved in upstream exploration and production in North America and Europe. The company plans to list on the NYSE under the symbol EQVU. Description: A blank check company backed by EQV Group. Breathe BioMedical (BRTH) has filed with the SEC to raise up to $12M in an initial public offering. It plans to list on the Nasdaq under the symbol BRTH. The company also plans to list its shares in Canada and conduct verification and validation studies over the next two years. Description: A Canadian medical technology company. UEOPLE Technology Holding (UEOP) has filed with the SEC to raise up to $9M in an initial public offering. It plans to list on the Nasdaq under the symbol UEOP. Description: A China-based provider of intelligent parking equipment and related products. Rising Dragon Acquisition (RDACU) has filed with the SEC to raise up to $50M in an initial public offering. The company, led by CEO and Chairman Lulu Xing, plans to offer 5M units at $10 each, each containing one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. Rising Dragon Acquisition aims to target small-cap companies in North America, Europe, and the APAC region, with no plans to target companies in China. The company plans to list on the Nasdaq under the symbol RDACU. Description: A blank check company targeting small-cap businesses.  Terms and changes Cine Top Culture Holdings (CJOY), a Chinese cinema operator, has reduced its proposed deal size for its upcoming IPO, citing a lack of updates since February 2023. The company plans to raise $15M by offering 3.8M shares at $4, a decrease from its previous filing of 4.6M shares at the same price. The revised terms mean the company will raise 18% less in proceeds than anticipated. Cine Top Culture operates high-end movie theaters in southern China, earning revenue from ticket sales, concessions, and merchandise sales. The company, founded in 2012, has four operating cinemas and three under construction. It plans to list on Nasdaq under the symbol CJOY. The company also replaced its sole bookrunner Pacific Century Securities with EF Hutton. Withdrawal Novelis (NVL), the U.S. unit of Indian billionaire Kumar Mangalam Birla’s Hindalco Industries, postponed its IPO plan citing adverse market conditions. Aluminum producer and recycler Novelis was targeting a valuation of up to $12.6B by intending to raise up to $945M through the sale of 45M shares at a price of $18 to $21 apiece. The company will continue assessing the timing of the offering due to the volatile Indian stock market, which has seen Prime Minister Narendra Modi's ruling party lose a significant majority in parliament. Lockup period expirations  Inno Holdings (NASDAQ:INHD) on 06/11/2024. Price movement over the past six months: -83.9%. ZKH Group (NYSE:ZKH) on 06/12/2024. Price movement over the past six months: -18.97%.  SA Commentary SA Investing Group Leader Donovan Jones warns that Tempus, despite revenue growth, is facing heavy operating losses and cash burn, potentially making valuation difficult due to the higher capital cost environment.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442844060"}