Commentary & News

Ming Shing Group Holdings, a Hong Kong construction subcontractor focused on wet trades services, disclosed new terms for its upcoming IPO on Monday. The company now plans to raise $10 million by offering 1.5 million shares at a price range of $5 to $8. The company had originally filed in June 2023 to offer 3.8 million shares at $4, before removing the terms this past March. At the...read more

DT Cloud Star Acquisition, a blank check company led by an executive from CITIC Securities, filed on Monday with the SEC to raise up to $60 million in an initial public offering. The Brooklyn, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-seventh of a share upon the...read more

Proficient Auto Logistics, a roll-up of auto transportation and logistics services providers, announced terms for its IPO on Monday. The Jacksonville, FL-based company plans to raise $215 million by offering 14.3 million shares at a price range of $14 to $16. Insiders intend to purchase $3 million worth of shares in the offering (1% of the deal). At the midpoint of the proposed...read more

Viking Holdings, a global luxury river and ocean cruise line, raised the proposed deal size for its upcoming IPO on Monday. The Pembroke, Bermuda-based company now plans to raise $1.2 billion by offering 53 million shares (79% secondary) at a price range of $21 to $25. The company had previously filed to offer 44 million shares (75% secondary) at the same range. All of the...read more