Pipeline Update: Four IPOs on the schedule for next week

Company:  XCHG Limited

Symbol: XCH (Nasdaq)

Description:  They offer comprehensive EV charging solutions which primarily include the DC fast chargers named the C6 series and the C7 series, the advanced battery-integrated DC fast chargers which we call Net Zero Series (“NZS”), as well as our accompanying services.

Shares: TBD

Price Range: TBD

Trade Date:  TBD

Underwriter(s): Deutsche Bank, Huatai Securities, Tiger Brokers

Link to Prospectus: Filed: 2-1-24

Company: Kyverna Therapeutics Inc

Symbol: KYTX (Nasdaq)

Description: They are a patient-centered, clinical-stage biopharmaceutical company focused on developing cell therapies for patients suffering from autoimmune diseases.

Shares: 11.12 million

Price Range: $17.00-$19.00

Market Cap: $637m-$711m

Trade Date:  Thursday, 2/8

Underwriters: JP Morgan, Morgan Stanley, Leerink Partners, Wells Fargo

Link to Prospectus: Terms Added: 2-1-24

Company: American Healthcare REIT, Inc.

Symbol: AHR (NYSE)

Description: They are a leading internally-managed REIT that acquires, owns and operates a diversified portfolio of clinical healthcare real estate properties, focusing primarily on MOBs, senior housing, SNFs, hospitals and other healthcare-related facilities.

Shares:  56 million

Price Range: $12.00-$15.00

Market Cap: $1.5b-$1.9b

Trade Date:  Wednesday, 2/7

Underwriters: BofA Securities, Morgan Stanley, KeyBanc Capital, Citigroup,RBC Capital, Barclays, Truist Securities

Co-Manager(s):  JMP Securities, Fifth Third Securities, Regions Securities LLC, Credit Agricole CIB

Link to Prospectus: Terms Added: 1-29-24

Company: The Fortegra Group, Inc.

Symbol: TFG (NYSE)

Description: They are a growing, highly profitable and multinational specialty insurance company focused on underwriting complex and niche risks in underserved markets.

Shares: 18 million

Price Range: $15.00-$18.00

Market Cap: $1.3b-$1.5b

Trade Date:  Thursday, 2/8

Underwriters: Goldman Sachs, JP Morgan, Jefferies, Barclays

Co-Manager(s): JMP Securities, Keefe Bruyette & Woods, Piper Sandler, Raymond James, Independence Point Securities

Link to Prospectus:  Terms Added: 1-29-24

Company: BBB Foods Inc.

Symbol: TBBB (NYSE)

Description: They are pioneers and leaders of the grocery hard discount model in Mexico and one of the fastest growing retailers in the country as measured by our sales and store growth rates.

Shares: 28.05 million

Price Range: $14.50-$16.50

Market Cap: $1.6b-$1.85b

Trade Date:  Friday 2/9

Underwriters: JP Morgan, Morgan Stanley, BofA Securities, ScotiaBank, UBS Investment Bank

Link to Prospectus: Terms Added: 2-2-24