Shares of Lineage jumped as much as 5% in their debut on the Nasdaq earlier this week. The largest temperature-controlled warehouse real estate investment trust in the world raised $4.4B at an implied valuation of $18B, making it the largest IPO since Arm (ARM) last September. depositphotos LATEST IPOS AND DIRECT LISTINGS:Lineage (LINE) opened on July 25 at $82. The company had priced 56.9M shares at $78.00. The deal size was increased to 56.9M shares of common stock from 47M shares of common stock and priced within the $70.00-$82.00 range. Lineage identifies itself as “the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific.”NIP Group (NIPG) opened on July 26 at $13.11 after having priced 2.25M shares at $9.00, at the low end of the $9.00-$11.00 target range. NIP Group is an esports organization that operates two esports brands- Ninjas in Pyjamas and eStar Gaming – and touts “the most expansive global footprint by virtue of its operations across Asia, Europe and South America.”Concentra (CON) opened on July 25 at $22. The company had priced 22.5M shares at $23.50. The deal priced inside the $23.00-$26.00 target range. Concentra Group is a wholly owned subsidiary of Select Medical (SEM) and after the completion of the IPO, Select Medical will own 104,093,503 shares of Concentra’s common stock, representing 82.23% of the total outstanding shares of Concentra’s common stock, or 80.09% if the underwriters exercise in full their over-allotment option, the company has noted.Orangekloud (ORKT) opened on July 25 at $5.20. The company had priced 2.75M shares at $4.75, at the low end of the $4.75-$5.25 target range. Orangekloud Technology is a Singapore-based technology company that offers the eMOBIQ No-Code platform to develop mobile applications specially designed for Small and Medium Enterprises, or SMEs, and corporations.OneStream (OS) opened on July 24 at $26. The company refers to itself as “the leading enterprise finance platform that unifies financial and operational data” with more than 1,400 customers and 250 go-to-market, implementation and development partners.BloomZ (BLMZ) opened on July 24 at $3.80. The company had priced its initial public offering of 1.25M ordinary shares at a public offering price of $4.30 per share. NBloomZ is a Cayman Islands holding company with an operating subsidiary, Kabushiki Kaisha BloomZ in Japan. BloomZ Japan is a Japanese audio producing and voice actor and VTuber managing company.Primega (PGHL) opened on July 23 at $5.60. The provider of transportation services that says it “employs environmentally friendly practices with the aim of facilitating reuse of construction and demolition materials and reduction of construction waste” had priced its initial public offering of 1.5M ordinary shares at a public offering price of $4.00 per ordinary share. RECENT SPAC IPOS:DT Cloud Star Acquisition (DTSQ) opened on July 25 at $10.02. The blank check company intends to focus its search on industries “that complement its management team’s background.” END OF THE WEEK PERFORMANCE:
UPCOMING IPOS: Upcoming IPO and direct listings expected include Clario, YXT.com (YXT), Pershing Square USA (PSUS), Solera (SLRA), ShipBob, and StubHub.Click here to see upcoming IPO calendar on TipRanks.Clario, a provider of software to help drugmakers advance treatments through clinical trials, has filed confidentially for an initial public offering and is targeting a valuation of more than $10 billion, Bloomberg’s Michelle F Davis, Dinesh Nair, and Ryan Gould report, citing people familiar with the matter.YXT.com has filed with the SEC for an initial public offering of American depositary shares, or ADSs. The prospectus states in part, “We are a leader and disruptor of the digital corporate learning industry in China, a market with massive rigid-demand and a total size of RMB126.0 billion in 2023, according to Frost & Sullivan. We have innovated a SaaS model that integrates software and content, effectively assisting customers in the digital transformation of corporate learning. According to Frost & Sullivan, we are the largest digital corporate learning solution provider in China in terms of total revenue, subscription revenue and number of subscription customers in 2023. With our software, we help customers efficiently deploy cloud-based learning platforms at scale. We also offer a broad range of high-quality content, covering the entire corporate learning process of our customers.”Bill Ackman’s Pershing Square USA, a newly-organized closed-end management investment company, set its initial public offering price at $50 per share. The fund will seek to achieve its investment objective by investing principally in common stocks its investment adviser, Pershing Square Capital Management.Solera has filed for an initial public offering on the New York Stock Exchange. The company says it is a global provider of software-as-a-service solutions to the vehicle lifecycle ecosystem, providing asset intelligence. For the 2024 fiscal year, 90% of its total revenues were recurring. In 2024 fiscal year, Solera generated revenue of $2.4B, operating income of $591.7M, operating cash flow of $203.9M, a net loss of ($486.3M), adjusted EBITDA of $1.0B and free cash flow of $93.5M.ShipBob has selected JPMorgan (JPM) to lead its planned listing, Bloomberg’s Amy Or, Gillian Tan, and Ryan Gould report, citing people familiar with the situation. The Chicago-based ecommerce fulfillment service provider has also chosen Citigorup (C) as part of the syndicate, the authors say. An initial public offering could occur as soon as later this year and could value the company at $4B, the authors note.More By This Author:Wall Street’s Top 10 Stock Calls This Week – Saturday, July 27Here’s What Wall St. Experts Are Saying About Tesla Ahead Of Earnings Here’s What Wall Street Experts Are Saying About These Media Names Ahead Of Results