IPO Roundup: Guardian Pharmacy Services, BKV Corp and more

seekingalpha09-23

The U.S. IPO market looks stable this week, with a few new companies aiming to raise capital, as the Federal Reserve reduced borrowing costs by 50 basis points. Obesity drug developer BioAge Labs (...

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Obesity drug developer BioAge Labs (...</p>\n\n<a href=\"https://seekingalpha.com/news/4151605-ipo-roundup\">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":"IPO","symbol_name":"Renaissance IPO ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4151605-ipo-roundup","article_id":"2469112737","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1318624804/image_1318624804.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469112737","pubTimestamp":1727097300,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The U.S. IPO market looks stable this week, with a few new companies aiming to raise capital, as the Federal Reserve reduced borrowing costs by 50 basis points. 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Obesity drug developer BioAge Labs (BIOA) has filed its IPO papers, looking to offer 7.5M shares at a price range of $17 to $19, implying a valuation of up to $602M at the midpoint. Additionally, natural gas and related fuels producer BKV (BKV) is looking to raise about $300M in a U.S. IPO, which the company aims to use to repay debt and fund corporate expansion.  Since the start of the year, the Renaissance IPO ETF (NYSEARCA:IPO) has risen about 13.8%, underperforming the S&P 500 index, which has gained about 19.6%. Upcoming IPOs/SPACs that are expected to be priced this week  Cuprina Holdings (Cayman) (CUPR) is raising $15.9M by offering 3.8M shares at a price range of $4.00 to $4.50. Description: Chronic wound care products maker. AGIIPLUS INC (AGII) is raising $9.1M by offering 1.4M shares at a price range of $6.00 to $7.00. Description: Holding company based in the Cayman Islands. Jinxin Technology (NAMI) is raising $8.5M by offering 1.9M shares at a price range of $4.00 to $5.00. Description: Digital content services provider in China. SAG Holdings (SAG) is raising $7.0M by offering 0.9M shares at a price of about $8.00. Description: Holding company incorporated in the Cayman Islands. Wellchange Holdings (WCT) is raising $9.0M by offering 2.0M shares at a price range of $4.00 to $5.00. Description: Enterprise software solution services provider. Wing Yip Food Holdings (WYHG) is raising $9.2M by offering 2.1M shares at a price range of $4.00 to $5.00. Description: Meat product processing company based in China. Xuhang Holdings (SUNH) is raising $8.0M by offering 2.0M shares at a price of about $4.00. Description: Holding company incorporated in the Cayman Islands. Zhengye Biotechnology (ZYBT) is raising $6.8M by offering 1.5M shares at a price range of $4.00 to $5.00. Description: Maker and distributor of vaccines for livestock. ZJK Industrial Co (ZJK) is raising $6.3M by offering 1.3M shares at a price range of $4.00 to $6.00. Description: Maker of metal parts for NEVs and electronic equipment. Samfine Creation Holdings (SFCH) is raising $9.0M by offering 2.0M shares at a price range of $4.00 to $5.00. Description: One-stop printing service provider. BKV Corp. (BKV) is raising $300.0M by offering 15.0M shares at a price range of $19.00 to $21.00. Description: Natural gas producer. Guardian Pharmacy Services (GRDN) is raising $101.3M by offering 6.8M shares at a price range of $14.00 to $16.00. Description: Pharmacy services company. Legacy Education (LGCY) is raising $12.0M by offering 2.0M shares at a price range of $5.00 to $7.00. Description: Operator of career institutions.  New notable filings  Upstream Bio (UPB) has filed with the SEC to raise up to $100M in an initial public offering. Description: Respiratory disorder biotech. Roman DBDR Acquisition (DRDBU) has filed with the SEC to raise up to $200M in an initial public offering. The company plans to offer 20M units priced at about $10.00 each. Description: Tech-focussed SPAC. Yuanbao (YB) has filed with the SEC to raise up to $100M in an initial public offering. Description: Online distributor of insurance policies in China.  Terms and changes  High Roller Technologies (ROLR) has reduced the proposed deal size for its upcoming initial public offering. The company now plans to raise $10M by offering 1.3M shares priced at about $8.00 per share. Description: Online casino platform operator. Newbury Street Acquisition II (NTWOU) has reduced the proposed deal size for its upcoming initial public offering. The company now plans to raise $150M by offering 15M units priced at about $10.00 per share. Description: Blank check company. Lafayette Energy (NYSEMKT:LEC) has increased the proposed deal size for its upcoming initial public offering. The company now plans to raise $5M by offering 1.2M shares at a price range of $4.00 and $5.00 per share. Description: Oil and gas firm operating in Utah and Louisiana.  Lock up period expirations  Audentes Therapeutics (NASDAQ:BOLD) on 9/24/2024. Price movement over the past six months: -72.5%  U-BX Technology (NASDAQ:UBXG) on 9/24/2024. Price movement over the past six months: -83.1%   SA Commentary \"While the company has a definite plan for growth in a growing industry as the U.S. population continues to age as the Baby Boomer generation retires at the rate of 10,000 per day, the IPO looks expensive to me,\" said SA Investing Group Leader Donovan Jones.","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":0},"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/2469112737"}