IPOs this week : Apr 29 - May 3, 24 (wk 18)

IPOs expected to price

• Viking Holdings (VIK): The ocean and river cruise company is planning to sell 44M shares priced between $21 and $25 per share in an initial public offering. The company disclosed in an SEC filing that in 2023 it reported a loss of $1.85B on $4.7B in revenue as cruise operating expenses increased by 33% to $2.85B. Adjusted EBITDA loss widened to $1.09B from $367M in 2022 and the adjusted EBITDA margin expanded to 35.5% from 18.4% the year prior. Viking started in 1997 with just 4 river cruise ships but has expanded to 84 ships in operation with 650K passengers in 2023. 

IPO quiet period expirations

• Contineum Therapeutics (CTNM) and 
• Massimo Group (MAMO) 

IPO lockup expirations

• Alpha Technology Group (ATGL) and 
• Lexeo Therapeutics (LXEO).

Vertiv (VRT) reported earnings on Wed 24 Apr 24 (b/o)

  ** charts after earnings **

 

 

IPOs this week : Apr 22 - 26, 24 (wk 17)

IPOs expected to price

• mF International (MFI)
• YY Group Holding (YYGH)
• Rubrik (RBRK),
• Marex Group (MRX)
• Loar Holdings (LOAR)

IPO quiet period expirations

• Boundless Bio (BOLD)
• U-BX Technology (UBXG)
• Alta Global Group (MMA)

IPOs this week : Apr 15 - 19, 24 (wk 16)

IPOs expected to price

• Utility infrastructure services provider Centuri Holdings (CTRI) and 
• mobile tech firm Ibotta (IBTA). 

IPO quiet period expirations

• Astera Labs (ALAB), 
• Reddit (NYSE:RDDT), and 
• Auna (AUNA)

IPO lockup expirations

• Webuy Global (WBUY) and 
• CytoMed Therapeutics (GDTC)

Biodesix (BDSX) : 3-year performance

 

UL Solutions Inc. (ULS) began trading on the NYSE on Fri 12 Apr 24

UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. UL Solutions helps to obtain all needed testing, certifications, validations, approvals etc. to enter global markets.

UL Solutions Inc. is a subsidiary of ULSE Inc.

• Sector(s): Industrials
• Industry: Specialty Business Services
• Full Time Employees: 14,892
• Founded in 1894 
• Headquartered in Northbrook, Illinois
• https://www.ul.com

 UL Solutions Inc. priced 33.8 mln share IPO at $28.00 per share, at the higher end of the $26-29 expected range.

IPOs this week : Apr 8 - 12, 24 (wk 15)

IPOs expected to price

• Neonc Technologies (NTHI), 
• UL Solutions (ULS), and 
• Cleancore Solutions (ZONE).

 

IPO lockup expirations

• Birkenstock (BIRK) 

IPOs this week : Apr 1 - 5, 24 (wk 14)

IPOs expected to price

 No new IPOs are expected to launch this week. 

IPO quiet period expirations

• Ryde Group (RYDE) and 
• Lucas GC (LGCL) 

IPO lockup expirations

• SYLA Technologies (SYT) and 
• Shengfeng Development (SFWL) 

Reddit (RDDT) will be on watch again as shares continue to gyrate after the IPO kicked off on March 21.