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StoneBridge Acquisition II Corporation Announces Closing of $57.5 Million Initial Public Offering
Globenewswire· 2025-10-01 20:14
Core Points - StoneBridge Acquisition II Corporation has successfully closed its initial public offering of 5,750,000 units at an offering price of $10.00 per unit, which includes 750,000 units from the overallotment option [1] - The units began trading on the Nasdaq Capital Market under the ticker symbol "APACU" on September 30, 2025, with separate trading expected for Class A ordinary shares and rights under the symbols "APAC" and "APACR" respectively [1] - Maxim Group LLC served as the sole book-running manager for the Offering [2] - The registration statement for the Offering was declared effective by the SEC on September 30, 2025, and the Offering was conducted solely through a prospectus [3] Company Overview - StoneBridge Acquisition II Corporation is a blank check company, also known as a special purpose acquisition company (SPAC), aimed at executing a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5]
Neptune Insurance Holdings Inc. Debuts on the NYSE
Financial Modeling Prep· 2025-10-01 20:03
Company Overview - Neptune Insurance Holdings Inc. is a flood insurance provider making its debut on the New York Stock Exchange (NYSE) under the ticker symbol NP, offering 18.4 million shares with an initial price range of $18.00 to $20.00 [1][5] IPO Details - The company successfully raised $368 million through its initial public offering (IPO), pricing its shares within the marketed range, indicating strong investor interest [2][5] - The capital raised is expected to support Neptune's growth initiatives and enhance its competitive position in the flood insurance market [2] Stock Performance - Currently, NP's stock price is at $31.70, reflecting a decrease of 5.29% or $1.77, with a trading range of $32.95 to $31.05 during the trading day [3] - The stock's volatility is typical for newly listed companies as the market adjusts to its valuation [5] Trading Activity - The trading volume for NYSE:NP is 477,295 shares, indicating active engagement from both institutional and retail investors [4]
Calisa Acquisition Corp(ALISU) - Prospectus(update)
2025-10-01 20:00
As filed with the Securities and Exchange Commission on October 1, 2025 Registration No. 333-280565 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Calisa Acquisition Corp (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification N ...
Why the government shutdown may be bad news for IPOs
Youtube· 2025-10-01 18:10
Core Viewpoint - The ongoing government shutdown is expected to impact the IPO market, with companies potentially delaying their public offerings until the situation stabilizes. Group 1: IPO Market Dynamics - Approximately a dozen companies are currently on file to go public, with notable interest in Alliance (a laundry equipment company) and University of Phoenix (a secondary education company) [2] - Both Alliance and University of Phoenix initiated their road shows despite the looming government shutdown, betting on a short duration for the shutdown [3] - Fermy, an energy company backed by Rick Perry, successfully went public just before the shutdown, indicating that some companies are still able to navigate the situation [3][4] Group 2: Impact of the Shutdown - The effectiveness statement for IPOs needed to be secured before the SEC's closure, which could lead to a backlog if the shutdown extends [5] - Companies may not feel pressured to go public in Q4 if the shutdown lasts longer, as historically, January and February are also favorable months for IPOs [6][7] - If the shutdown persists for a week or two, many companies may choose to postpone their plans until the new year [8] Group 3: SEC Operations During Shutdown - The SEC continues to accept filings for already traded companies, including quarterly reports, but is not processing new IPO approvals during the shutdown [9][10] - The prioritization of document reviews during the upcoming earnings season could further delay the IPO pipeline if the SEC remains unable to approve new offerings [9][10]
Ga Sai Tong Enterprise Ltd(GST) - Prospectus(update)
2025-10-01 18:00
As filed with the U.S. Securities and Exchange Commission on October 1, 2025 Registration No. 333-290394 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________________ GA SAI TONG ENTERPRISE LIMITED (Exact Name of Registrant as Specified in its Charter) _________________________ | Cayman Islands | 5812 | Not Applicable | | --- | --- | --- | | (State or Other Jurisdiction of | (Primary Standard ...
US financial regulators start shuttering as federal funding runs out
Yahoo Finance· 2025-10-01 15:06
WASHINGTON (Reuters) -U.S. market regulators began the process of furloughing workers on Wednesday as the federal government shut down after Congress failed to extend funding, curtailing key oversight functions, stymieing initial public offerings, and limiting some market and economic data. The shutdown, which began at midnight, will force the Securities and Exchange Commission to furlough more than 90% of its workforce, retaining only about 393 employees to handle emergency enforcement actions and market ...
Government shutdown risks snarling Wealthfront’s IPO plan
Yahoo Finance· 2025-10-01 14:09
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: California-based robo-adviser Wealthfront publicized the paperwork for its upcoming initial public offering on Monday. The timing of a government shutdown, which began at midnight Wednesday, may complicate the company’s plan to go public. During the shutdown, routine company filings with the Securities and Exchange Commission will continue, but the ag ...
ALEC Holdings prices $381m Dubai IPO at top of range, raises Dhs1.4bn
Gulf Business· 2025-10-01 11:20
Core Points - ALEC Holdings, a Dubai-based engineering and construction group, successfully priced its IPO at the top of the indicated range, raising Dhs1.4bn ($381m), marking the largest construction sector IPO in the UAE to date [2][3] - The IPO involved the sale of one billion shares at Dhs1.40 each, resulting in a market capitalization of Dhs7bn ($1.91bn) at listing [2] - The offering represented 20% of the company's share capital, with the Investment Corporation of Dubai (ICD) retaining an 80% stake [3] - The IPO attracted Dhs30bn ($8.1bn) in orders, indicating more than 21 times oversubscription, with significant interest from both local and international investors [3] - ALEC is set to begin trading on the Dubai Financial Market (DFM) on or around October 15 under the symbol "ALEC" [4] Dividend Plans - ALEC plans to distribute Dhs200m in dividends in April 2026 and Dhs500m for the 2026 financial year, which translates to a dividend yield of 7.1% at the IPO price [5] - Future dividend payments will follow a semi-annual schedule, subject to board approval and available reserves [5] Company Background - ALEC is the first construction company in the UAE to list in over 15 years, having delivered large-scale projects across the UAE and Saudi Arabia [6] - The company operates in engineering, construction, and project management sectors [6] Financial Advisors - Emirates NBD Capital and J.P. Morgan served as joint global coordinators and joint bookrunners for the IPO [7] - Abu Dhabi Commercial Bank and EFG Hermes were also joint bookrunners, while Moelis & Company UK LLP DIFC Branch acted as an independent financial adviser [7]
Canara HSBC Life Insurance plans to raise $300m via IPO
Yahoo Finance· 2025-10-01 09:52
Core Viewpoint - Canara HSBC Life Insurance is preparing for an initial public offering (IPO) to raise up to $300 million (Rs26.6 billion) [1] Group 1: IPO Details - The IPO is planned for early October, with investor roadshows already initiated [1] - The size and timing of the IPO are subject to change as discussions continue [1] - Canara HSBC Life Insurance filed a draft prospectus in April to sell up to 237.5 million shares and received approval in September [2] Group 2: Shareholder Divestment - Canara Bank plans to divest 137.8 million shares, while HSBC Insurance and Punjab National Bank will sell 4.7 million and 95 million shares, respectively [2] - The bank is required to reduce its stake in Canara HSBC Life Insurance to 30% by the end of October 2029 [4] Group 3: Financial Performance - Canara HSBC Life recorded a profit of Rs849 million for the nine months ending December 31, 2024 [3] - Last year, Canara Bank received approval from the Reserve Bank of India to divest its stakes in life insurance and mutual fund businesses via IPOs [3] Group 4: Coordination and Management - The IPO is being coordinated by local branches of HSBC Holdings, BNP Paribas, SBI Capital Markets, JM Financial, and Motilal Oswal Investment Advisors [3]
India poised for biggest-ever IPO month with $5 Billion in deals
BusinessLine· 2025-10-01 03:41
India’s initial public offering market is set for a record October, with companies expected to raise over $5 billion, highlighting strong investor appetite in one of the world’s busiest equity hubs.Big-ticket deals, including billion-dollar offerings from Tata Capital Ltd. and LG Electronics Inc.’s local unit, are boosting confidence that India’s $5 trillion stock market can absorb large issuance, even as US tariffs and weak earnings leave equities trailing other Asian markets.The rush is being fueled by st ...