Precision BioSciences (DTIL) : 5-year performance

ticker: DTIL

 

IPOs this week : May 27 - 31, 24 (wk 22)

IPOs expected to price

No new IPOs are anticipated to launch in the week ahead. 

IPO quiet period expirations

• The quiet period ends on Viking Holdings (VIK) to free up analysts to post ratings. 

Viking and Ibotta (IBTA) will also release their first earnings reports as publicly traded companies.

UL Solutions (ULS) : 1-month performance

 

Viking Holdings (VIK) : 3-week performance

 Ticker: VIK

 

Cambium Networks (CMBM) : 5-year performance

ticker: CMBM

IPOs this week : May 20 - 24, 24 (wk 21)

IPOs expected to price

• Bowhead Specialty (BOW), a specialty property and casualty insurance provider. 

IPO quiet period expirations

• Rubrik (RBRK), 
• Loar Holdings (LOAR), 
• Marex Group (MRX), 
• Neo-Concept International Group (NCI) to free up analysts to post ratings. 

Loar (LOAR) is the only one in the group that has rallied since going public. 

IPO lockup expirations

The IPO lockup period expires for a block of shares of Elevai Labs (ELAB).

Super Hi International (HDL) began trading on the Nasdaq on Fri 17 May 24

Super Hi International (HDL), an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients.

• Sector: Consumer Cyclical
• Industry: Restaurants
• Full Time Employees: 12,521
• Incorporated in 2022
• Based in Singapore
• https://www.superhiinternational.com

Ticker: HDL

 

 

Grupo Aeroméxico S.A.B. de C.V. files NYSE IPO with backing from Apollo, Delta Air Lines

Grupo Aeroméxico S.A.B. de C.V. has filed plans to go public on the New York Stock Exchange about two years after it emerged from Chapter 11.

(Reuters) - Grupo Aeroméxico SAB de CV recorded a 29% jump in revenue for 2023, the Mexican airline disclosed in its paperwork for an initial public offering in the United States on Monday, more than two years after it exited bankruptcy proceedings.

The company is among many that have flocked towards U.S. bourses in recent months as they seek to tap into the broader pool of capital and richer valuations that American markets offer.

 

The Mexico City-based carrier plans to offer American Depositary Shares under the symbol AERO with underwriters Barclays, Morgan Stanley, JPMorgan, Evercore ISI and Apollo Global Securities, according to a late Monday filing.

The company has yet to propose any financial terms for the IPO with an estimated price range, number of shares to be offered and dollar proceeds.

Mexico City-based Aeroméxico said it's "uniquely positioned" as the only full-service carrier based in Mexico and the only airline offering long-haul, widebody service connecting every major city in Mexico and 43 international cities in 22 countries.

Although the COVID-19 pandemic derailed its business and forced it into bankruptcy in 2020, Aeroméxico rang up operating income of $716 million on revenue of $4.9 billion in 2023. It reported $203 million in operating income in 2023 on revenue of $3.8 billion. 

Apollo Global Management (APO) currently owns about 22.4% of Aeroméxico's stock - or about 30.5 million shares.

Delta Air Lines Inc. (DAL) owns about 20% of the company - or 27.28 million shares.

Apollo emerged as the largest shareholder in the company after it provided a $1 billion loan to Aeroméxico as part of its debt restructuring in 2022.

About $650 million of the original principal amount was converted into equity.

Andrés Conesa Labastida, who has been chief executive of Aeroméxico since 2005, also holds a Ph.D. in economics from the Massachusetts Institute of Technology.

The company is going public during a relatively strong period for airline stocks.

The U.S. Global Jets ETF JETS is up 10.1% in 2024, compared to a 9.5% gain by the S&P 500 SPX.

Rekor Systems (REKR) : 7-year performance

Rekor Systems is a traffic services company that offers traditional traffic studies, AI-driven traffic studies, and traffic engineering services.

• Sector: Technology
• Industry: Software - Infrastructure
• Full Time Employees: 347
• Founded by James K. McCarthy
• Incorporated in 2017 
• Headquartered in Columbia, Maryland
• https://www.rekor.ai

Went public on AUg 25, 2017 following the merger of Brekford Traffic Safety, Inc. and KeyStone Solutions, Inc.

 

Sibanye Stillwater (SBSW) : 11-year performance

ticker: SBSW

IPOs this week : May 13 - 17, 24 (wk 20)

IPOs expected to price

• Online casino gaming content provider Games Global (GGL), 

• Chinese education services company JIADE (JDZG), 

• and medication management firm Kindly MD (KDLY). 

IPO quiet period expirations

The analyst quiet periods end for 

• Centuri Holdings (CTRI), 

• Ibotta (IBTA), 

• Tungray Technologies (TRSG), 

• Serve Robotics (SERV), 

• Mingteng International (MTEN), 

• Junee (JUNE), 

• Top Wealth Group Holding (TWG), 

• and mF International (MFI). 

Of the group, Tungray Technologies (TRSG) has seen the biggest post-IPO share price gain.

Auna S.A. (AUNA) began trading on the NYSE on Fri 22 Mar 24

Auna S.A., a healthcare service provider, operates hospitals and clinics in Mexico, Peru, and Colombia. The company provides prepaid healthcare plans in Peru; and dental and vision plans in Mexico. 

• Sector(s): Healthcare
• Industry: Medical Care Facilities
• Full Time Employees: 14,734
• Founded in 1989 
• HQ in Luxembourg, Luxembourg
• https://aunainvestors.com

 AUNA Auna S.A. (NYSE) priced 30.0 mln share IPO at $12.00 per share, below the expected

$13-15 range

Opened at $9.51 

Smith Douglas Homes (SDHC) began trading on the NYSE on Thur 11 Jan 24

Smith Douglas Homes Corp. engages in the design, construction, and sale of single-family homes in the southeastern United States.

• Sector(s): Real Estate
• Industry: Real Estate - Development
• Full Time Employees: 364
• Founded in 2008 
• Headquartered in Woodstock, Georgia
• https://smithdouglas.com

Smith Douglas Homes priced 7.7 mln share IPO at $21.00 per share, at the high end of the $18-21 expected range.

Viking Holdings (VIK) began trading on the NYSE on Wed 1 May 24

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally.

As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

• Sector: Consumer Cyclical
• Industry: Travel Services
• Full Time Employees: 9,500
• Founded in 1997
• Based in Pembroke, Bermuda.
• https://www.viking.com

Viking Holdings priced 64,041,668 share IPO at $24.00 per share, at the higher end of the $21-25 expected range.

Ticker: VIK

 

 

 

IPOs this week : May 6 - 10, 24 (wk 19)

IPOs expected to price

• A $229.3M IPO by specialized freight company Proficient Auto Logistics (PAL). The Jacksonville, Fla.-based firm is planning to sell 14.3M shares at an expected IPO price between $14/share to $16/share. The company provides auto transportation and logistics services, primarily focused on moving finished vehicles from automotive production facilities, marine ports of entry, or regional rail yards to auto dealerships. 
• Silvaco Group's (SVCO) $114M IPO is also expected this week. Silvaco (SVCO) is a provider of technology computer-aided design software, electronic design automation software and semiconductor intellectual property. 

IPO lockup expirations

• Cargo Therapeutics (CRGX) and 
• Hamilton Insurance (HG).

CG Oncology (CGON) : Cretostimogene monotherapy demonstrated 75.2% complete response rate

CG Oncology announces that data from the Phase 3 BOND-003 study evaluating the efficacy and safety of cretostimogene monotherapy in patients with high-risk Non-Muscle Invasive Bladder Cancer unresponsive to Bacillus Calmette Guerin, showed that 75.2% of

patients achieved a complete response at any time, as of the cutoff date of April 1, 2024

IPO Jan 25, 24: CG Oncology (CGON) priced upsized 20.0 mln share IPO $19.00 per share, above the $16-18 expected range

The IPO was upsized from 17.0 mln shares, which was upsized from the original 11.8 mlnshares.

Ticker: CGON

• Founded: 2010
• Headquarters: Irvine, California
• Website: cgoncology.com
• Employees: 61