NEW YORK — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of March 18.
8i Enterprises Acquisition – Singapore, 5 million shares, priced at $10, managed by Chardan Capital Markets. Proposed Nasdaq symbol JFKKU. Business: Blank check company backed by 8i Capital and targeting a high-growth business in Asia.
Alight – Lincolnshire, Ill., 32 million shares, priced $22-$25, managed by BofA Merrill Lynch/JP Morgan. Proposed Nasdaq symbol ALIT. Business: Blackstone-backed provider of outsourced cloud-based HR services.
Genfit – Loos, France, 5 million shares, priced at $23.33, managed by SVB Leerink/Barclays. Proposed Nasdaq symbol GNFT. Business: Phase 3 biotech developing therapies for NASH.
Insurance Acquisition – Philadelphia, Pa., 13 million shares, priced at $10, managed by Cantor Fitzgerald. Proposed Nasdaq symbol ILSUU. Business: Blank check company backed by Cohen & Company and targeting the insurance industry.
Up Fintech Holding – Beijing, China, 13 million shares, priced $5-$7, managed by Citi/Deutsche Bank. Proposed Nasdaq symbol TIGR. Business: Online brokerage focused on global investors in China.
The Associated Press
