Summary of Key Points Core Viewpoint - The article discusses the recent IPO activities, highlighting that 10 new stocks were listed last week, with 9 of them raising over $100 million each. Group 1: Recent IPOs - JM Group (JMG) raised $15 million by issuing 3.75 million shares at $4 per share [1] - Wealthfront (WLTH) raised $485 million by issuing 34.62 million shares at $14 per share [2] - Lumexa Imaging Holdings (LMRI) raised $463 million by issuing 25 million shares at $18.5 per share [2] - Cardinal Infrastructure (CDNL) raised $242 million by issuing 11.5 million shares at $21 per share [2] - SPACs Bluerock Acquisition (BLRKU), Carbon Capital Partner (KBONU), Meshflow Acquisition (MESHU), Daedalus Special Acquisition (DSACU), ITHAX Acquisition III (ITHAU), and Twelve Seas III (TWLVU) raised $150 million, $300 million, $300 million, $225 million, $200 million, and $150 million respectively [2] Group 2: Upcoming IPOs - Andersen Group Inc., a tax consulting firm, plans to go public on December 17, 2025, on the NYSE under the ticker ANDG, aiming to raise approximately $176 million by issuing 11 million shares at $14 to $16 per share [3][6] - Medline Inc., a leading medical supplies manufacturer, plans to go public on December 17, 2025, on NASDAQ under the ticker MDLN, aiming to raise approximately $5.37 billion by issuing 17.9 million shares at $26 to $30 per share [8][11]

Core Insights - The U.S. IPO market saw four companies go public and six SPACs listed last week, with eight companies filing for IPOs and four for SPACs [1][4]. Group 1: IPO Highlights - Wealthfront (WLTH) priced at the upper end of its range, raising $485 million with a market cap of $2.6 billion, targeting young "digital-first" customers and boasting over 1.3 million paying clients and $88.2 billion in assets by July 2025 [1]. - Lumexa (LMRI) raised $463 million with a market cap of $1.8 billion, operating 184 outpatient imaging centers across 13 states, and has a high leverage ratio of 3.7 times [2]. - Cardinal Infrastructure (CDNL) raised $242 million with a market cap of $769 million, focusing on utility installation services in the Southeastern U.S. with a backlog valued at $646 million [3]. - JM Group (JMG) raised $15 million with a market cap of $79 million, specializing in merchandise sourcing for various retail categories [3]. Group 2: SPAC Highlights - Six SPACs completed pricing last week, including Meshflow Acquisition (MESHU) and Karbon Capital Partners (KBONU), each raising $300 million targeting blockchain infrastructure and energy sectors respectively [4]. - Other SPACs included Daedalus Special Acquisition (DSACU) raising $225 million for consumer-facing AI and technology, and Twelve Seas III (TWLVU) raising $150 million for investments in oil and gas companies outside the U.S. [4]. Group 3: Upcoming IPOs - Medline (MDLN) plans to raise $5 billion at a market cap of $37.3 billion, focusing on medical supplies distribution, facing recent tariff pressures [8]. - Andersen (ANDG) aims to raise $165 million at a market cap of $1.74 billion, providing tax and advisory services with a 15% CAGR since 2003 [8].

Core Insights - The article promotes a premium service called "Value in Corporate Events," which focuses on major corporate events such as earnings reports, mergers and acquisitions (M&A), and initial public offerings (IPOs) [1] Group 1 - The service aims to provide actionable investment ideas and opportunities for members [1] - It covers approximately 10 major events each month, targeting the identification of the best investment opportunities [1] - The leader of the investing group has a Master of Science specializing in financial markets and a decade of experience in tracking companies through catalytic events [1]

Group 1 - Cardinal (CDNL) shares rose by 11.6% in late trading on Wednesday [1] - The company made a significant debut on Nasdaq amid a year-end IPO surge [1]

Group 1 - Cardinal Infrastructure Group Inc. raised $241.5 million through its IPO, pricing its shares at $21 each, with a market capitalization of approximately $769 million [1][4] - The company is one of the few large-scale IPOs in the U.S. this year, contributing to a total IPO amount nearing $40 billion in 2023 [1][2] - Cardinal's business focuses on infrastructure services, including installation of water, sewage, and stormwater systems, primarily operating in North Carolina [2][3] Group 2 - Cardinal's revenue for the first nine months of 2025 was approximately $310.2 million, with a net profit of about $19.7 million, showing growth from the previous year's figures [4] - The company underwent a restructuring prior to the IPO, becoming a holding company with a 36.1% stake in its predecessor [3][4] - Key executives will retain significant voting rights post-IPO, with the CEO holding 32% and the COO 15.6% [4]

Group 1 - Cardinal Infrastructure Group has successfully raised approximately $241.5 million in its initial public offering in the United States [1]

Core Viewpoint - Cardinal Infrastructure Group Inc. has announced the pricing of its initial public offering (IPO) of 11,500,000 shares at $21.00 per share, aiming for total gross proceeds of approximately $241.5 million before expenses [1]. Group 1: IPO Details - The IPO includes a 30-day option for underwriters to purchase an additional 1,725,000 shares at the initial offering price [1]. - Trading of Cardinal Group shares is expected to commence on the Nasdaq Global Select Market under the ticker symbol "CDNL" on December 10, 2025, with the offering closing on December 11, 2025, subject to customary conditions [1]. Group 2: Underwriters - Stifel and William Blair are serving as joint book-running managers for the offering, while D.A. Davidson & Co. is the lead manager [2]. Group 3: Company Overview - Cardinal Group, headquartered in Raleigh, North Carolina, is recognized as one of the fastest-growing full-service turnkey infrastructure services companies in the Southeastern United States [5]. - The company provides a comprehensive suite of infrastructure services, including wet utility installations, grading, site clearing, erosion control, drilling and blasting, and paving, primarily through in-house teams and equipment [5]. - Cardinal Group's operations are characterized by a highly skilled workforce and specialized equipment, positioning it as a preferred platform for diverse infrastructure construction projects requiring technical expertise [5].

Core Viewpoint - Cardinal Infrastructure Group announced its initial public offering (IPO) terms, aiming to raise $242 million by offering 11.5 million shares at a price range of $20-22 per share [1] Company Overview - Cardinal Infrastructure Group provides wet utility installation and other infrastructure services for large projects in North Carolina [1] - The company focuses on skilled labor and specialized equipment fleets to deliver services for residential, commercial, industrial, municipal, and state-level projects [1] - Cardinal's business strategy is concentrated in the southeastern United States, primarily operating in the metropolitan areas of Charlotte, Raleigh, and Greensboro in North Carolina [1] Financial Highlights - As of September 30, 2025, Cardinal's 12-month revenue is projected to be $395 million, with an uncompleted order value of approximately $646 million [1] - The company has around 100 projects at various stages of completion as of December 31, 2024 [1]

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