hanibaram/iStock via Getty Images Last week, the IPO market was sparsely populated. Tempus AI ( NASDAQ: TEM ), a leader in the personalized medicine revolution, twirled onto the public stage with a successful debut. However, the planned entrance by Australian biotech Telix Pharmaceuticals ( TLX ) ended with a spotlight shutoff, citing a less-than-enthusiastic market.
YTD, the Renaissance IPO ETF is up 5.75%, while the S&P 500 is up 15%. Here are some of the other major headlines in the IPO market: Coming IPOs/SPACs that are expected to be priced this week Flag Ship Acquisition ( FSHPU ) is raising $60M by offering 6M units at $10 per unit.
Description : A blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Lionheart Holdings (CUBWU) is raising $200M by offering 20M shares at $10 per unit. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.
50. Description : The blank check company plans to target an established business of scale poised for continued growth. Melar Acquisition Corp.
I ( NASDAQ: MACIU ) is raising $150M by offering 15M shares at $10 per unit. Each unit consists of one Class A ordinary share of the Company and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share.
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