US IPO Weekly Recap: IPO Pipeline Adds Another Sizable Name Amid More Small Listings

Initial public offering hologram, night panoramic city view of Bangkok. The financial center for multinational corporations in Asia. The concept of boosting the growth by IPO process. Double exposure.

2d illustrations and photos

Just one small IPO priced this past week, joined by one SPAC that began trading. Three IPOs joined the pipeline, including one that plans to raise $100 million, as well as four SPACs.

The sole

1 IPO During the Week of December 4th, 2023
Issuer Business Deal Size Market Cap at IPO Price vs. Midpoint First Day Return Return at 12/08
INNO (INHD) Manufactures cold-formed steel framing for the construction industry. $10M $83M -11% n/a n/a

7 Filings During the Week of December 4th, 2023
Issuer Business Deal Size Sector Lead Underwriter
Energys Group (EGYS.RC) UK-based provider of energy-saving products and services. $15M Industrials Joseph Stone
Linkers Industries (LNKS) Malaysian manufacturer and supplier of wire/cable harnesses. $11M Industrials Pacific Century Securities
Hornbeck Offshore (HOS) Provides marine transportation to the offshore oilfield and diversified non-oilfield markets. $100M Energy JP Morgan
Legato Merger III (LEGT.U) Blank check company targeting the infrastructure, E&C, industrial and renewables industries. $175M SPAC BTIG
Blue Room Acquisition (IBLUU) Blank check company led by MKM Bolsa Privada executives targeting the financial sector. $200M SPAC Maxim
FG Merger III (FGTHU.RC) Blank check company targeting the financial services industry in North America. $150M SPAC ThinkEquity
TechyBird Acquisition (TKBDU) Blank check company targeting the tech and biotech sectors. $60M SPAC Spartan Capital

U.S. IPO Calendar
Issuer Business Deal Size Market Cap Price Range Shares Filed Top Book runners
RoyaLand (RLND)Hamilton, Bermuda. Bermuda-based video game developer focused on a mobile-first MMORPG. $7M$87M $5 – $61,250,000 Revere Sec.Dominari Securities
ZKH Group (ZKH)Shanghai, China. Chinese B2B procurement platform for industrial supplies. $66M$2,752M $15.50 – $17.504,000,000 Deutsche BankChina Ren.

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