Following another week of red hot momentum, the initial public offering (IPO) market is cooling down heading into August. Still, nine traditional IPOs plan to raise more than $3.6 billion, marking another busy summer week of listings.
Weber Inc. (WEBR ) plans to raise more than $916 million from over 46.8 million shares priced between $15 to $17 each. The outdoor grilling brand manufactures and sells charcoal grills, gas grills, smokers, pellet & electric grills, and connected grills across 78 countries.
WCG Clinical, Inc. (WCGC ) plans to raise more than $879 million from 45 million shares priced in the range of $15 to $17 each. The company performs ethical reviews and other clinical trial services to biopharmas and contract research organizations.
Healthcare Royalty Inc. (HCRX ) plans to raise $750 million from 46.9 million shares priced in the range of $15 to $17 each. The company buys royalty interests in marketed and late-stage biopharmaceutical companies, with its portfolio containing 35 products across 12 therapeutic categories, including Shingrix, Krystexxa, and Xpovio.
Adagio Therapeutics, Inc. (ADGI ) plans to raise $319 million from 17.7 million shares priced in the range of $16 to $18 per share. The biotech's lead program, ADG20, has completed enrollment in a Phase 1 clinical trial for the treatment of COVID-19 and its variants.
The Better Being Co., LLC (BBCO ) plans to raise more than $244 million from 12.5 million shares priced in the range of $15 to $17 each. The company develops, manufactures, and sells vitamins, supplements, minerals, and other personal care products under brands such as Solaray, KAL, and Zhou.
European Wax Center, Inc. (EWCZ ) plans to raise over $219 million from 10.6 million shares priced between $15 to $18 each. The company franchises a chain of over 800 hair removal salons across the United States.
Cadre Holdings, Inc. (CDRE ) plans to raise more than $156 million from over 7.1 million shares priced in the range of $16 to $19 each. The company manufactures and distributes safety and survivability equipment users in hazardous or life-threatening situations.
Rox Financial LP (AMZL ) plans to raise $83 million by offering 8 million shares at $10 per share. The REIT's portfolio consists of logistics properties leased to Amazon (AMZN ). The company plans to use most of the IPO proceeds to purchase a California-based last-mile Amazon delivery station from NorthPoint Development.
Eliem Therapeutics, Inc. (ELYM ) plans to raise $81 million from 4.5 million shares priced between $17 to $19 each. The biotech is focused on nervous system disorder therapies, with its two lead candidates currently in clinical trials.
