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OTG Acquisition Corp. I Announces Closing of $230,000,000 Initial Public Offering
Globenewswire· 2025-09-15 20:30
Company Overview - OTG Acquisition Corp. I is a special purpose acquisition company targeting companies in the digital infrastructure services sector, focusing on areas driven by the expansion of data centers, digital infrastructure, power generation, and communication technology [9] Initial Public Offering (IPO) - The company closed its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, including 3,000,000 units from the underwriters' over-allotment option [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "OTGAU" on September 12, 2025, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant [2] - Each whole warrant allows the holder to purchase one Class A ordinary share at a price of $11.50 per share [2] Private Placement - Concurrently with the IPO, the company closed on private placements of 775,000 units at $10.00 per unit, resulting in gross proceeds of $7,750,000 [3] Financial Management - Of the net proceeds from the IPO and private placements, $231,150,000 was placed in trust, equating to $10.05 per unit sold in the public offering [7] Leadership and Advisory - The company is led by CEO Scott Troeller and CFO Joseph Dunfee, with support from strategic institutional advisor Expedition Infrastructure Partners, LLC, which has expertise in digital infrastructure and related sectors [4]
X @Bloomberg
Bloomberg· 2025-09-15 17:20
Verisure, the alarm company owned by Hellman & Friedman, is considering launching an initial public offering in Stockholm as soon as this week, sources say, kicking off what could be Europe’s largest IPO in three years https://t.co/7cTzx6VHTE ...
Black Rock Coffee Bar raises $294.1M in IPO
Yahoo Finance· 2025-09-12 20:07
Core Insights - Black Rock Coffee Bar Inc. successfully raised $294.1 million in its U.S. initial public offering, with shares closing at $27.53 on the first day of trading, a 38% increase from the opening price of $20 [1] Financial Performance - The company reported a 10.1% same-store sales growth and a 24% increase in revenue for the first half of 2024 compared to the first half of 2025 [2] - Despite the revenue growth, Black Rock Coffee experienced a loss of nearly $2 million in the first two quarters of the year [2] Business Strategy and Growth - Executives emphasized the importance of their core pillars: connection, caffeine, and community, which they believe contribute to strong performance [3] - The company has more than doubled its unit count over the past five years, with nearly 75% of revenue generated from drive-thru transactions [3] - Black Rock Coffee was founded in 2008 and had locations across seven states by the end of June [4]
Black Rock Coffee Bar's IPO today will test investor appetite for restaurant stock listings amid tech fever
Fastcompany· 2025-09-12 18:31
Core Insights - Black Rock Coffee Bar is set to debut on the Nasdaq with an initial share price of $20, surpassing its initial estimate of $16 to $18, raising a total of $294.1 million [3] - The coffee chain has reported store revenue of $179 million for the 12 months ending June 30, 2025 [3] Company Overview - Black Rock Coffee Bar originated in 2008 in Beaverton, Oregon, starting as a small drive-thru location and has expanded to over 150 stores across several states including Arizona, California, and Texas [4] - The company offers a variety of products including coffee, tea, energy drinks, and all-day breakfast, positioning itself as a competitor to Dutch Bros and Starbucks [4] Market Context - Dutch Bros, a similar drive-thru coffee chain, had a successful IPO in 2021, with its stock jumping 70% post-debut and has recently announced its 1,000th location [6] - In contrast, Starbucks has faced challenges, with its stock price dropping nearly 10% this year and reporting six consecutive quarters of declining same-store sales [7]
Hang Feng Technology Innovation Co., Ltd. Announces Pricing of Initial Public Offering
Globenewswire· 2025-09-12 13:05
Core Viewpoint - Hang Feng Technology Innovation Co., Ltd. has announced the pricing of its initial public offering (IPO) of 1,375,000 ordinary shares at a price of US$4.0 per share, aiming to raise approximately US$5.5 million before expenses [1][2]. Group 1: Offering Details - The IPO is set to commence trading on the Nasdaq Capital Market under the ticker symbol "FOFO" on September 12, 2025 [1]. - The company has granted underwriters a 45-day option to purchase an additional 206,250 ordinary shares at the public offering price [1]. - The offering is expected to close around September 15, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to strengthening the corporate management consulting business, developing the asset management business, driving business expansion and strategic partnerships, and supporting general working capital and operations [2]. Group 3: Company Background - Hang Feng Technology Innovation Co., Ltd. is based in Hong Kong and provides comprehensive corporate management consulting and specialized asset management services [6]. - The company has been offering consulting services since 2023 through its subsidiary, Starchain Investment Trading Limited, focusing on strategic growth insights and performance management [6]. - In 2024, the company launched asset management services to meet client demand for sophisticated solutions in managing and growing capital portfolios [6].
X @Bloomberg
Bloomberg· 2025-09-12 12:50
India’s securities regulator on Friday eased rules for mega-cap private companies to go public, boosting one of the world’s top destinations for first-time share sales https://t.co/PYdqgo0g22 ...
OTG Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering
Globenewswire· 2025-09-12 11:00
Company Overview - OTG Acquisition Corp. I is a public acquisition vehicle targeting companies in the digital infrastructure services sector, leveraging management's extensive investment and operational experience [5] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 20,000,000 units at $10.00 per unit, with units expected to trade on Nasdaq under the ticker symbol "OTGAU" starting September 12, 2025 [1] - The offering is expected to close on September 15, 2025, subject to customary closing conditions, with B. Riley Securities acting as the lead book-running manager [2] - Underwriters have a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments [2] Regulatory and Compliance Information - A registration statement on Form S-1 related to these securities was filed with the SEC and declared effective on September 11, 2025, with the offering being made only by means of a prospectus [3]
Via Announces Pricing of Initial Public Offering
Businesswire· 2025-09-12 03:34
Core Viewpoint - Via Transportation, Inc. has announced the pricing of its initial public offering (IPO) at $46.00 per share, indicating strong market interest in its public transit technology solutions [1] Summary by Category IPO Details - The company is offering a total of 10,714,285 shares of its Class A common stock, with 7,142,857 shares being offered by Via and 3,571,428 shares by selling stockholders [1] - The underwriters have been granted a 30-day option to purchase additional shares, which could indicate confidence in the demand for the offering [1]
Gemini Announces Pricing of Initial Public Offering
Prnewswire· 2025-09-12 02:28
Group 1 - Gemini Space Station, Inc. announced the pricing of its initial public offering (IPO) of 15,178,572 shares of Class A common stock at a price of $28.00 per share [1] - The offering includes a 30-day option for underwriters to purchase an additional 300,565 and 458,364 shares of Class A common stock to cover over-allotments [1] - Trading of Gemini's Class A common stock is expected to begin on the Nasdaq Global Select Market under the ticker symbol "GEMI" on September 12, 2025, with the offering closing on September 15, 2025, subject to customary closing conditions [1] Group 2 - Goldman Sachs & Co. LLC and Citigroup are acting as lead bookrunners for the IPO, with Morgan Stanley and Cantor also participating as lead bookrunners [2] - Additional bookrunners include Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company, and Rosenblatt [2] Group 3 - The offering is being made only by means of a prospectus, which can be obtained from the SEC's website or directly from Goldman Sachs and Citigroup [3] - A registration statement for these securities has been filed with and declared effective by the SEC [4] Group 4 - Gemini is a global crypto platform founded in 2014 by Cameron and Tyler Winklevoss, offering a wide range of crypto products and services in over 60 countries [5]
Legence Announces Pricing of Initial Public Offering
Businesswire· 2025-09-11 22:57
SAN JOSE, Calif.--(BUSINESS WIRE)--Legence Corp. ("Legence†) announced today the pricing of its initial public offering (the "offering†) of 26,000,000 shares of its Class A common stock (the "Common Stock†) at a price to the public of $28.00 per share. The underwriters of the offering were granted a 30-day option to purchase up to an additional 3,900,000 shares of Common Stock at the initial public offering price, less underwriting discounts and commissions. The Common Stock is expected to begi. ...