Upcoming IPOs
Puig Brands (Ticker: PUIG SM) is a company based in Barcelona, operating in the perfume and fashion industry with brands such as Paco Rabanne, Carolina Herrera, and Jean Paul Gaultier. Puig Brands is set to list on the Madrid Stock Exchange on May 3. The company has priced its IPO at 24.50 euros per Class B share, at the upper end of the initial price range of 22 to 24.5 euros. The market capitalization at the offer is EUR 13.92 billion (USD 14.89 billion).
The total offer size is EUR 3 billion (USD 3.21 billion), consisting of approximately EUR 1.25 billion from new shares and EUR 1.36 billion from existing shares sold by the controlling shareholder. Class B shares, while carrying the same economic rights as Class A shares, have fewer voting rights. Post-IPO, the Puig family will maintain a majority stake and the majority of voting rights. The offering is managed by Goldman Sachs, with an over-allotment option of up to EUR 390 million available.
Proficient Auto Logistics Inc (Ticker: PAL US) is a United States-based transportation company specializing in automotive logistics. The firm is set to list on NASDAQ GM on May 9, 2024. Proficient Auto Logistics is offering 14.33 million shares with a price range of USD 14.00 to USD 16.00, aiming to raise approximately USD 229.33 million. The IPO is managed by Stifel (Left Lead), Raymond James & Associates, and William Blair & Co LLC. The company has a longstanding history in the automotive transport sector, operating a comprehensive network across the United States to facilitate vehicle logistics.
Spinneys 1961 Holding PLC (Ticker: SPINNEYS UH) is a grocery retail supermarket operator based in Dubai. Spinneys will list on May 9 on the Dubai Financial Market. The firm is selling a total of 900 million shares, with 63 million allocated for the retail tranche and 837 million for professional investors. This is an adjustment from the initially planned 45 million for retail and 855 million for professional investors. The shares are priced between 1.42 and 1.53 dirhams, aiming to raise up to 1.37 billion dirhams (approximately USD 373 million).
The IPO is managed by EFG-Hermes as the Joint Lead Manager-Books, with Bank of America, Emirates NBD PJSC, and HSBC serving as Global Coordinators. The expected market capitalization and the total offer size in USD are not specified.
Silvaco Group Inc (Ticker: SVCO US) is a software company based in the United States that focuses on electronic design automation (EDA) and semiconductor design IP (SIP). The company plans to list on NASDAQ GS on May 9, 2024. Silvaco Group Inc is offering 6.00 million shares, with an anticipated price range of USD 17.00 to USD 19.00, and aims to raise USD 114.00 million. The IPO is being managed by Jefferies & Co (Left Lead) and Cowen & Co.
Founded in 1984, Silvaco is headquartered in Santa Clara, California, and operates globally with offices across North America, Europe, and Asia. The company offers a range of software products, including EDA and TCAD tools, as well as a wide array of semiconductor design IPs.
HD Hyundai Marine Solution Co Ltd (Ticker: 443060 KS) is an engineering and R&D services company based in South Korea. The company is set to list on the Korea SE on May 9, 2024. HD Hyundai Marine Solution Co Ltd plans to offer 8.90 million shares at a price of KRW 83,400 each. The expected market capitalization at the time of offer is KRW 3.71 trillion (USD 2.76 billion), and the total offer size is KRW 742.26 billion (USD 552.84 million).
The IPO is being managed by JP Morgan Securities (Far East) Ltd, KB Securities Co Ltd, and UBS Securities Pte Ltd/South Korea. Notably, the IPO includes a retail share range of 2.225 million to 2.67 million shares, and a placing share range of 4.895 million to 6.675 million shares, with a bookbuilding period for foreign investors scheduled from April 8, 2024, to April 22, 2024.
Astroscale Holdings Inc. (Ticker: 186A JP) is a Japanese space company that specializes in offering commercial services for the removal of space debris. Astroscale Holdings Inc. will list on June 5 on the Tokyo Stock Exchange’s Growth market. The company plans to sell between 23,593,300 and 26,718,200 shares at an indicative IPO price of 720 yen per share. The final IPO price is set to be determined on May 27. The estimated market capitalization at the time of listing is approximately 80.4 billion yen (USD equivalent not specified). The total offer size based on the indicative price will be calculated once the final share count and price are determined. The offering is managed by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Founder Mitsunobu Okada will offer 2.76 million shares in the IPO.
Past IPOs
Disclaimer
The IPOX Deal Calendar may not provide a complete list of all global initial public offerings (IPOs). Deals presented are subject to minimum market capitalization requirement and minimum deal size requirement. Informations about the companies may contain errors. Images are for illustrative purposes only. Companies pursing an IPO on Over-The-Counter (OTC) markets, best efforts offerings, closed-end fund (CEF), REITs, mainland China stock (A share) are not included. Please refer to the Legal Disclaimer.