MAMO News

Three IPOs priced in the first week of April, led by a sizable biotech. The calendar should see more activity coming up, thanks to some large launches and notable new filings. Neuro and inflammation biotech Contineum Therapeutics (CTNM) priced a downsized share offering at the low end to raise $110 million at a $429 million market cap. The company's lead asset is...read more

Massimo Group, which manufactures and distributes powersports vehicles and motor boats, raised $5.9 million by offering 1.3 million shares at $4.5, within the range of $4.00 to $5.00. The company opened for trading at $3.60, 20% below the offer price. The Garland, TX-based company manufactures, imports, and distributes a portfolio of products across two main lines: motor sports...read more

Five small listings are currently scheduled for the week ahead, although other issuers may join the calendar throughout the week. Maritime tour operator Amphitrite Digital (AMDI) plans to raise $7 million at a $61 million market cap. The company provides in-destination tours, activities, and attractions in the continental US and US Virgin Islands, with an owned...read more

Massimo Group, which manufactures and distributes powersports vehicles and motor boats, announced terms for its IPO on Monday. The Garland, TX-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Massimo Group would command a market value of $186 million. The IPO float is just 3.1% of basic...read more