As 2019 draws to a close, the Initial Public Offering market has begun to slow down as investors focus on the holiday season. Last week saw the addition of Alussa Energy Acquisition Corporation, who closed November 29 after trading on the New York Stock Exchange for three days. The proceeds received from the IPO were placed in a trust.
Recently Priced:
Alussa Energy Acquisition Corporation (NYSE: ALUSU) priced at $10 with 25 million shares on November 26. The newly organized blank check company incorporated in the Cayman Islands for the purpose of merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; the company pursues an acquisition opportunity in any industry or sector. The company had an offering amount of $250 million.
Upcoming:
LMP Automotive Holdings Inc. is set to publicly trade on the capital Nasdaq on December 5. The online car dealer's stock is set to be priced between $5-$6 with 2,090,909 shares offered. The company has an offering amount of $14,427,270.
Filed Recently:
Healthcare Merger Corp. filed to publicly trade November 25 with a trade offering of $230 million.
Muscle Marker, Inc. also put in paperwork to push towards an IPO on November 26 with an offering amount of $7 million.
Withdrawn:
Graniteshares Gold Minibar Trust, who filed in July of 2018, withdrew last week after only raising an offering of $12,546.