👍-To The Moon - Tiger Brokers Online Investing Community

1
Comment
Favorite

Flokayson
2022-05-21

👍

US IPO Weekly Recap: 1 Small IPO and 1 Direct Listing Begin Trading

There was just one small IPO and one direct listing this past week. Although there were no new IPO f

US IPO Weekly Recap: 1 Small IPO and 1 Direct Listing Begin Trading

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9028063078,"tweetId":"9028063078","gmtCreate":1653118539594,"gmtModify":1676535227880,"author":{"id":3584436329511358,"idStr":"3584436329511358","authorId":3584436329511358,"authorIdStr":"3584436329511358","name":"Flokayson","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>👍</p></body></html>","htmlText":"<html><head></head><body><p>👍</p></body></html>","text":"👍","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9028063078","repostId":1170101628,"repostType":4,"repost":{"id":"1170101628","kind":"news","pubTimestamp":1653090128,"share":"https://www.laohu8.com/m/news/1170101628?lang=&edition=full","pubTime":"2022-05-21 07:42","market":"us","language":"en","title":"US IPO Weekly Recap: 1 Small IPO and 1 Direct Listing Begin Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1170101628","media":"Renaissance Capital","summary":"There was just one small IPO and one direct listing this past week. Although there were no new IPO f","content":"<html><head></head><body><p>There was just one small IPO and one direct listing this past week. Although there were no new IPO filings, a few large deals in the pipeline updated their prospectuses, including <b>Corebridge Financial</b> (CRBG), <b>Turo</b> (TURO), <b>Fogo Hospitality</b> (FOGO), and <b>Claire’s</b> (CLRS).</p><p>After delaying the previous week, US cannabis producer <b>Bright Green</b> (BGXX) completed the year’s first direct listing, opening nearly 100% above its reference price to begin trading at $15.99 for an implied $2.5 billion market cap. The company aims to operate in the federally-authorized cannabis space, though it has limited operating history and has yet to harvest its first crop or generate revenues. From its opening price, Bright Green finished down 30%.</p><p>Thestream of small IPOs continuedwith Canada-based <b>Visionary Education Group</b> (VEDU), which raised $17 million at a $157 million market cap. The company offers secondary and post-secondary education services, as well as study visa and immigration services. After popping 525% on its first day, Visionary Education plummeted in the aftermarket to finish the week down 45%.</p><p>While not included below, <b>SOBR Safe</b> (SOBR) raised $10 million at a $44 million market cap through a unit offering, and <b>OKYO Pharma</b> (OKYO) raised $3 million at a $87 million market cap.</p><p><img src=\"https://static.tigerbbs.com/abb56a32dc44535a7a80f939b692481a\" tg-width=\"1412\" tg-height=\"294\" width=\"100%\" height=\"auto\"/></p><p><b>IPO Market Snapshot</b></p><p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 5/19/2022, the Renaissance IPO Index was down 47.5% year-to-date, while the S&amp;P 500 was down 17.7%. Renaissance Capital&#39;s IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Snowflake (SNOW). The Renaissance International IPO Index was down 30.6% year-to-date, while the ACWX was down 14.6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.</p></body></html>","source":"lsy1603787993745","collect":0,"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>US IPO Weekly Recap: 1 Small IPO and 1 Direct Listing Begin Trading</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\">\nUS IPO Weekly Recap: 1 Small IPO and 1 Direct Listing Begin Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-21 07:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/92754/US-IPO-Weekly-Recap-1-small-IPO-and-1-direct-listing-begin-trading><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There was just one small IPO and one direct listing this past week. Although there were no new IPO filings, a few large deals in the pipeline updated their prospectuses, including Corebridge Financial...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/92754/US-IPO-Weekly-Recap-1-small-IPO-and-1-direct-listing-begin-trading\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BGXX":"Bright Green Corporation","SOBR":"SOBR SAFE INC.",".SPX":"S&P 500 Index","CLRSF":"CASTILE RES LTD.",".DJI":"道琼斯","OKYO":"OKYO Pharma Limited"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/92754/US-IPO-Weekly-Recap-1-small-IPO-and-1-direct-listing-begin-trading","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170101628","content_text":"There was just one small IPO and one direct listing this past week. Although there were no new IPO filings, a few large deals in the pipeline updated their prospectuses, including Corebridge Financial (CRBG), Turo (TURO), Fogo Hospitality (FOGO), and Claire’s (CLRS).After delaying the previous week, US cannabis producer Bright Green (BGXX) completed the year’s first direct listing, opening nearly 100% above its reference price to begin trading at $15.99 for an implied $2.5 billion market cap. The company aims to operate in the federally-authorized cannabis space, though it has limited operating history and has yet to harvest its first crop or generate revenues. From its opening price, Bright Green finished down 30%.Thestream of small IPOs continuedwith Canada-based Visionary Education Group (VEDU), which raised $17 million at a $157 million market cap. The company offers secondary and post-secondary education services, as well as study visa and immigration services. After popping 525% on its first day, Visionary Education plummeted in the aftermarket to finish the week down 45%.While not included below, SOBR Safe (SOBR) raised $10 million at a $44 million market cap through a unit offering, and OKYO Pharma (OKYO) raised $3 million at a $87 million market cap.IPO Market SnapshotThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 5/19/2022, the Renaissance IPO Index was down 47.5% year-to-date, while the S&P 500 was down 17.7%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Snowflake (SNOW). The Renaissance International IPO Index was down 30.6% year-to-date, while the ACWX was down 14.6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.","news_type":1},"isVote":1,"tweetType":1,"viewCount":762,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}