{"id":3919,"date":"2023-10-21T05:47:29","date_gmt":"2023-10-21T05:47:29","guid":{"rendered":"https:\/\/infundpros.com\/news\/u-s-ipo-weekly-recap-big-launches-and-new-filings-keep-the-ipo-market-moving\/"},"modified":"2023-10-21T05:47:29","modified_gmt":"2023-10-21T05:47:29","slug":"u-s-ipo-weekly-recap-big-launches-and-new-filings-keep-the-ipo-market-moving","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=3919","title":{"rendered":"U.S. IPO Weekly Recap: Big Launches And New Filings Keep The IPO Market Moving"},"content":{"rendered":"
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Both the calendar and the pipeline saw some movement this past week. Two large IPOs launched, one of which also priced, and two sizable deals submitted new filings.<\/p>\n

Cross-listing from Paris, biotech Abivax<\/strong> (ABVX) led the week’s deals, pricing at the low end to raise $236 million at a $760 million market cap. Focused on chronic inflammatory diseases, the company is currently evaluating its sole clinical candidate in Phase 3 trials for the treatment of adults with moderate to severe ulcerative colitis (UC). Prior trials have yielded encouraging results, but the UC drug landscape is crowded, with multiple approved and clinical-stage competitors. Abivax finished down 28%.<\/span><\/p>\n

Two other small issuers completed listings. Singapore-based e-commerce platform Webuy Global<\/strong> (WBUY) priced at the low end to raise $15 million at a $207 million market cap, and finished down 21%. Northann<\/strong> (<\/span>NCL), which makes 3D-printed flooring products, downsized and priced at the high end to raise $6 million at a $106 million market cap; it finished up 20%.<\/span><\/p>\n

<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n
3 IPOs During the Week of October 16th, 2023<\/th>\n<\/tr>\n
Issuer Business<\/th>\nDeal Size<\/th>\nMarket Cap at IPO<\/th>\nPrice vs. Midpoint<\/th>\nFirst Day Return<\/th>\nReturn at 10\/20<\/th>\n<\/tr>\n<\/thead>\n
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Northann (NCL)<\/p>\n<\/td>\n

$6M<\/td>\n$106M<\/td>\n25%<\/td>\n-8%<\/td>\n+20%<\/td>\n<\/tr>\n
Makes and sells 3D-printed vinyl flooring products.<\/em><\/td>\n<\/tr>\n
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Webuy Global (WBUY)<\/p>\n<\/td>\n

$15M<\/td>\n$207M<\/td>\n0%<\/td>\n+34%<\/td>\n-21%<\/td>\n<\/tr>\n
Provides an e-commerce platform for grocery and travel in Singapore and Indonesia.<\/em><\/td>\n<\/tr>\n
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Abivax (ABVX)<\/p>\n<\/td>\n

$236M<\/td>\n$760M<\/td>\n-6%<\/td>\n-28%<\/td>\n-28%<\/td>\n<\/tr>\n
Late-stage French biotech developing therapies for chronic inflammatory diseases.<\/em><\/td>\n<\/tr>\n<\/table>\n

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