Core Insights - Electric aviation startup Beta Technologies is aiming to raise up to $825 million through its initial public offering (IPO), with share prices set between $27 and $33, leading to a potential valuation of approximately $7.2 billion if investors buy at the top of the range [1] Company Overview - Founded in 2017 by CEO Kyle Clark, Beta Technologies is based in Vermont and has opted for a unique funding strategy, avoiding venture capital and instead raising $1.15 billion from institutional investors such as Fidelity and Qatar Investment Authority [2][3] Recent Developments - Beta Technologies recently announced a strategic partnership with GE Aerospace to develop a hybrid-electric turbogenerator for next-generation aircraft, with GE Aerospace committing to invest $300 million and take a stake in the company [4]

Core Viewpoint - Electric aircraft maker Beta Technologies has announced the terms for its upcoming initial public offering (IPO) in the United States [1] Company Summary - Beta Technologies is preparing for its IPO, indicating a significant step in its growth and potential market entry [1] Industry Summary - The announcement of Beta Technologies' IPO reflects the growing interest and investment in the electric aircraft sector, highlighting trends in sustainable aviation [1]

Core Viewpoint - Cardinal Infrastructure Group, a construction service provider in North Carolina, has filed for an initial public offering (IPO) to raise up to $100 million in the U.S. stock market [1][2] Group 1: Company Overview - Cardinal Infrastructure Group specializes in wet utility installation services, including water, sewage, and stormwater systems, as well as site grading, paving, and other site development construction [1] - The company operates primarily in the southeastern United States, focusing on the Charlotte, Raleigh, and Greensboro areas of North Carolina [1] - Founded in 2013, Cardinal recorded total revenue of $349 million for the 12 months ending June 30, 2025 [2] Group 2: IPO Details - The company plans to list on the NASDAQ under the ticker symbol "CDNL" and has filed confidentially for the IPO on August 11, 2025 [2] - Stifel and William Blair are serving as co-book-running managers for the IPO [2] - As of June 30, 2025, Cardinal has approximately $643 million in backlog orders and is advancing about 100 projects at various stages [1]

Core Viewpoint - Rakuten is considering an initial public offering (IPO) in the United States for its credit card business, which is one of Japan's largest, amid rising competition and market dynamics [1][2]. Group 1: IPO Considerations - The potential U.S. IPO of Rakuten Card was influenced by rival SoftBank's plans to list PayPay in the U.S. [2] - The discussions regarding the IPO are in early stages, with alternative options including a stake sale to a strategic buyer [1][2]. Group 2: Business Valuation and Stake Acquisition - Mizuho Financial Group acquired a 15% stake in Rakuten Card for 165 billion yen ($1.1 billion), valuing the business at over 1 trillion yen ($7 billion) [3]. - Institutional investors anticipate a baseline valuation of 2 trillion yen for PayPay, with expectations that it could exceed 3 trillion yen during its IPO [3]. Group 3: Importance of Credit Cards to Rakuten - Credit cards are central to Rakuten's business model, which includes online shopping, banking, and travel services, allowing customers to earn loyalty reward points [4]. - Rakuten Card has issued over 30 million credit cards in Japan, with a non-GAAP operating profit growth of 20% to 62 billion yen last year, although it faced a 4.5% decline in the April-June quarter of this year due to increased costs [6]. Group 4: Market Context - The global IPO market is experiencing a resurgence, with the U.S. market having its busiest quarter since Q4 2021, raising $24 billion through first-time share sales in Q3 [7].

Core Viewpoint - Smart Logistics Global Limited (SLGB) has announced its initial public offering (IPO) of 1,000,000 ordinary shares at a price of $5.00 per share, aiming for total gross proceeds of $5,000,000, with trading expected to commence on October 15, 2025 under the ticker symbol "SLGB" [1][2]. Group 1: Offering Details - The IPO includes an over-allotment option for underwriters to purchase an additional 150,000 shares within 45 days from the closing date [2]. - The offering is set to close on October 16, 2025, pending customary closing conditions [2]. - The offering is being conducted on a firm commitment basis, with Craft Capital Management LLC as the lead underwriter and Revere Securities LLC as the co-manager [3]. Group 2: Use of Proceeds - The company plans to allocate 50% of the proceeds for infrastructure investments, 30% for working capital, and 20% for research and development expenses [3]. Group 3: Company Background - Smart Logistics Global Limited has been operating since 2018 as a B2B contract logistics provider in China, focusing on industrial raw materials transportation [6]. - The company offers tailored logistics solutions primarily through land-only transportation services for large institutional clients with long-term contracts [6]. - SLGB utilizes a proprietary Transportation Management System to optimize routes and equipment, and has invested in advanced logistics infrastructure, including a 110,000-square-meter smart logistics park in Jiangxi and seven full-truck load centers across China [6].

Core Insights - Comerica Incorporated (CMA) is set to report its third-quarter 2025 results on October 17, with expectations of increased revenues but a decline in earnings compared to the previous year [1][11] Financial Performance Expectations - The Zacks Consensus Estimate for third-quarter 2025 earnings is $1.28 per share, reflecting a 6.6% decline from the year-ago quarter [2] - The consensus estimate for revenues is $843.6 million, indicating a 4% increase from the year-ago figure [3][11] Factors Influencing Earnings - Lending activity remained decent in Q3 2025, supported by improving macroeconomic conditions, despite uncertainties surrounding tariff policies [4] - Average loans are expected to remain flat sequentially, with management projecting slight pressure on earlier guidance of exceeding $50.7 billion [5] - Average earning assets are estimated to have grown modestly to $71.1 billion, a 1% increase sequentially [6] Net Interest Income (NII) and Non-Interest Income - The consensus estimate for NII is $569.4 million, indicating a 1% decline from the prior quarter [7] - Non-interest income is expected to be relatively flat, with capital market fees projected to rise by 5% to $44.1 million [10][11] Deposits and Service Charges - Average deposits rose 2.3% to $62.6 billion, exceeding earlier guidance, which is likely to boost service charges on deposits to an estimated $47.3 million, a 0.7% increase from the prior quarter [12] Expenses and Asset Quality - Higher expenses are anticipated due to increased compensation costs and lower gains on real estate sales, with non-interest expenses expected to rise slightly from $561 million [14][15] - The Zacks Consensus Estimate for non-performing loans is $249 million, indicating a marginal rise from the previous quarter [16] Earnings Prediction Model - The model indicates low chances of CMA beating earnings estimates, with an Earnings ESP of -1.92% and a Zacks Rank of 3 [17]

Group 1 - The article invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - No stock, option, or similar derivative positions are held by the analyst in any mentioned companies, nor are there plans to initiate such positions in the next 72 hours [2] - The article expresses the author's own opinions and is not influenced by compensation from any company [2] Group 3 - Past performance is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not represent those of Seeking Alpha as a whole, and the analysts may not be licensed or certified [3]

Group 1 - StubHub Holding Inc (NYSE:STUB) shares increased by 3.5% to $19.86 following positive analyst coverage after its $800 million IPO on September 17 [1] - A total of 10 brokerages have initiated coverage on StubHub, with "outperform" ratings from Evercore ISI, Mizuho, BMO, and Citizens, setting price targets of $29, $24, $30, and $24 respectively [1] - The stock has risen 17.8% for the quarter, with the $20 mark acting as a resistance level that has capped the stock's price on four occasions in the past month [2] Group 2 - Options trading is active, with 2,140 calls and 1,153 puts traded, indicating interest in the stock's future performance [2] - The most popular options contract is the October 20 call, suggesting a bullish sentiment among traders [2]

Companies looking to go public in the US before the Thanksgiving holiday seemingly got a boost when the market regulator made it easier for them to list as the government shutdown grinds on. Advisers say the path opened by the revised guidance isn’t likely to unlock more than a handful of listings. In normal times, Ethos Technologies Inc. and crypto firm BitGo Holdings Inc. are among the handful of listing candidates that could’ve begun formally marketing their deals — a standard seven to nine day exercis ...

Brazilian mobile banking app PicPay is reportedly preparing for a US initial public offering (IPO) with a target of raising up to $500m. The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing, reported Bloomberg, citing sources. PicPay’s IPO could occur this year, though its timing may be impacted by the ongoing government shutdown affecting the US Securities and Exchange Commission (SEC). The SEC recently issued guidance potentially allowing mor ...