Commentary & News

Tungray Technologies, which provides customized industrial manufacturing services in Singapore and China, raised $5 million by offering 1.25 million shares at $4, the low end of the range of $4 to $6. Tungray Technologies is an engineer-to-order company that provides customized industrial manufacturing solutions to original equipment manufacturers (OEMs). The company mainly...read more

Lirum Therapeutics, a Phase 1 biotech developing an in-licensed therapy for cancer and autoimmune diseases, announced terms for its IPO on Thursday. The New York, NY-based company plans to raise $25 million by offering 2.3 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Lirum Therapeutics would command a market cap of $103 million. Lirum...read more

Ibotta, which provides a digital marketing platform that offers consumers cash rebates, raised $577 million by offering 6.6 million shares (62% secondary) at $88, above the range of $76 to $84. The Denver, CO-based company had originally filed to offer 5.6 million shares, before increasing the secondary component of the deal on Tuesday. Ibotta is a technology company that allows...read more

Centuri Holdings, a carve-out of Southwest Gas providing infrastructure services to utilities, raised $260 million by offering 12.4 million shares at $21, the high end of the range of $18 to $21. The company raised an additional $54 million from a concurrent private placement to Icahn Partners and affiliates. The Phoenix, AZ-based company is a pure-play provider of North...read more