Key facts
- Liftoff Mobile priced its IPO at $23 per share, raising $437 million.
- Liftoff Mobile shares rose 9.1% in their debut trading on the Nasdaq.
- Sunshine Silver Mining priced its IPO at $13.50 per share, raising $270 million.
- Whirlpool Corporation priced $1.0 billion in 7.500% Senior Secured Second Lien Notes due 2031 and $1.0 billion in 7.750% Senior Secured Second Lien Notes due 2034.
- TETRA Technologies is expected to raise approximately $100 million from a stock offering.
- Bank Leumi completed a $1 billion CoCo bond issuance.
- Innovative Digital Investors Acquisition is targeting a $125 million IPO.
- Long Table Growth raised $150 million in its IPO priced at $10 per unit.
- LiqTech International priced a $20 million public offering at $1.00 per share.
- NRx Pharmaceuticals priced a $20 million common stock offering at $3.50 per share.
- iPower Inc. purchased $1 million USD.AI.
- Summit Midstream Partners, LP authorized a $35 million stock repurchase program.
The financial markets have seen a flurry of activity with multiple companies pricing initial public offerings (IPOs) and other stock and debt offerings. Liftoff Mobile priced its IPO at $23 per share, successfully raising $437 million. The company's shares experienced a positive debut, rising 9.1% on the Nasdaq Global Select Market under the ticker symbol "LIFT," marking its second attempt at going public this year. Liftoff Mobile CEO Jeremy Bondy highlighted the successful debut and strategy, noting shares climbed 21% on their first day.
Sunshine Silver Mining also priced its IPO at $13.50 per share, raising $270 million by selling 20 million shares. This company, focused on precious metal assets in North America, will list on the New York Stock Exchange under the symbol "SSMR." This IPO is occurring amidst a broader revival in U.S. listings. TETRA Technologies announced the pricing of an underwritten public offering of 10,810,811 shares of common stock at $9.25 per share, expected to raise approximately $100 million before expenses for general corporate purposes. Innovative Digital Investors Acquisition, a Special Purpose Acquisition Company (SPAC), is targeting an IPO of 12.5 million units at $10 each, aiming to raise $125 million, and has filed with the SEC to search for a private company to acquire.
In debt markets, Whirlpool Corporation priced an offering of $1.0 billion in aggregate principal amount of 7.500% Senior Secured Second Lien Notes due 2031 and $1.0 billion in aggregate principal amount of 7.750% Senior Secured Second Lien Notes due 2034. Bank Leumi announced the successful completion of an international issuance of CoCo bonds totaling USD 1 billion, achieving the lowest spread in the history of an Israeli bank and attracting institutional investors. LiqTech International priced a public offering of 20 million shares of common stock at $1.00 per share, expecting to raise approximately $20 million in gross proceeds. NRx Pharmaceuticals has priced a public offering of $20 million in common stock at $3.50 per share, with the offering expected to close on or about June 14, 2024.
Other corporate actions include Hello Group Inc. surpassing Q1 earnings and revenue estimates and reiterating its 2026 overseas revenue target. Amtech Systems launched a public stock offering for growth initiatives. Long Table Growth raised $150 million in an IPO priced at $10 per unit. GoldInxs Mining Corp. filed its final prospectus for an IPO. iPower Inc. completed an initial purchase of $1 million USD.AI to fund AI infrastructure. Summit Midstream Partners, LP authorized a $35 million stock repurchase program. LendingClub will move its listing to the Nasdaq under ticker HAPN effective June 22, 2026. Jianzhi Education Technology Group closed a $5 million direct offering. Curaleaf Holdings, Inc. confirmed the effective date of its 1-for-3 reverse stock split. PriceSmart will report Q3 FY26 results on July 8, 2026, and plans to open a new warehouse club in the Dominican Republic. B. Riley Securities will host a healthcare summit on July 16, 2026, and Cellebrite DI Ltd. announced investor events for June 10, 2026. PIMCO Corporate & Income Opportunity Fund declared a monthly dividend of $0.1188 per share.