U.S. IPO Weekly Recap: Frac Sand And AI Technology Come To The U.S. IPO Market

Mar. 11, 2023 11:17 AM ET, , , , , ,

Summary

  • Two IPOs priced this past week, led by energy play Atlas Energy Solutions, which completed the second largest IPO of the year-to-date.
  • Frac sand miner Atlas Energy Solutions priced below the range to raise $324 million at a $1.8 billion market cap.
  • Five companies submitted initial filings, led by ZKH Group, a Chinese B2B procurement platform for industrial supplies.

IPO Initial Public Offering 3d concept

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Two IPOs priced this past week, led by energy play Atlas Energy Solutions (AESI), which completed the second largest IPO of the year-to-date. Several small deals delayed (IZM, NAVA, NFTU, OPHV), and in an uncommon move, online retailer

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Renaissance Capital provides pre-IPO research to institutional investors and investment banks. The Firm manages two IPO-focused funds: The Renaissance IPO ETF (NYSE: IPO) and the Renaissance International IPO ETF (NYSE: IPOS). Individual investors can get a free overview of the IPO market on www.renaissancecapital.com, and try a free trial of our premium platform, IPO Pro (ipopro.renaissancecapital.com). Through Renaissance Capital’s pre-IPO research service, institutional investors get an independent opinion, in-depth fundamental analysis, and customizable financial models on all IPOs.

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