Shares of thrift-store operator Savers Value Village soared in their trading debut, rising as much as 37% on Thursday. On the flip side, both Kodiak Gas Services and Fidelis Insurance Holdings dropped in their first trading day after pricing below the offering range.

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Latest IPOs and Direct Listings:

Fidelis Insurance Holdings (FIHL) opened on June 29 at $13.10. The company had priced 15M shares at $14.00. The deal size was reduced to 15M shares of common stock from 17M shares of common stock and priced below the $16.00-$19.00 range. Fidelis Insurance is a global insurance holding company with insurance and reinsurance operations in Bermuda, Ireland and the United Kingdom.

Kodiak Gas Services (KGS) opened on June 29 at $15.56. The company had priced 16M shares at $16.00. The deal priced below $19.00-$22.00 range. Kodiak Gas Services is an operator of contract compression infrastructure in the United States that focuses on operating large horsepower compression units under fixed-revenue contracts with upstream and midstream customers.

Savers Value Village (SVV) opened on June 29 at $24.77. The company, which identifies itself as "the largest for-profit thrift operator in the United States and Canada for value priced pre-owned clothing, accessories and household goods," priced 22.29M shares at $18.00 in its upsized initial public offer. The deal size was increased to 22.29M shares from 18.75M shares and priced above the $15.00-$17.00 range.

GEN Restaurant Group (GENK) opened on June 28 at $18.30. The company had priced 3.6M shares at $12.00. The deal size was increased to 3.6M shares from 3.0M and priced at high end of $10.00-$12.00 range. GEN Korean BBQ is an experiential Asian dining concept with over 30 locations in 7 states.

Vesta (VTMX) $32 per share. Vesta, a fully-integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, priced 12.5M American Depositary Shares, or ADSs, representing 125M of its common shares, at $31.00.

Intensity Therapeutics (INTS) priced 3.9M shares at $5.00 and opened on June 29 at $5.95. The deal size was increased to 3.9M share from 3.25M offered and priced at high end of $4.00-$5.00 target range. Intensity is a clinical-stage biotechnology company focused on the discovery and development of proprietary, novel immune-based intratumoral cancer therapies designed to kill tumors and increase immune system recognition of cancers.
 

Performance:

• Fidelis Insurance Holdings ended the week at $13.65.
• Kodiak Gas Services finished at $16.24 on Friday.
• Savers Value Village ended Friday at $23.70.
• GEN Restaurant Group finished the week at $16.99.
• Vesta closed Friday at $32.22.
• Intensity Therapeutics ended its first day of trading at $5.96.

Upcoming IPOs

Upcoming IPO and direct listings expected include Simpple (SPPL), Pixie Dust (PXDT), SoftBank's Arm, Alibaba's Freshippo, and Zeekr.

Click here to see upcoming IPO calendar on TipRanks.

Simpple filed an initial public offering of 1.625M ordinary shares. The estimated initial public offering price is expected to be between $4.00-$5.00 per share. The company has applied to list its shares on the Nasdaq Capital Market under the symbol "SPPL."

Pixie Dust filed an initial public offering of its common shares, represented by American Depositary Shares, ADSs. Each ADS represents one common share, and the company is offering 2M ADSs. Pixie Dust currently expects the initial public offering price to be between $9.00-$10.00 per ADS. Prior to this offering, there has been no public market for Pixie Dust common shares or ADSs. Pixie Dust intends to apply to list the ADSs on the Nasdaq Capital Market under the symbol "PXDT."

SoftBank Group (SFTBY), which said in March it planned to list chip maker Arm Ltd in the U.S. stock market, has filed with regulators confidentially for a U.S. stock market listing, people familiar with the matter told Reuters' Anirban Sen and Echo Wang. Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8B and $10B, setting the stage for this year's largest initial public offering, the sources said. SoftBank has been targeting a listing for Arm, which competes with Intel and others, since its deal to sell the semi chip designer to Nvidia for $40B collapsed last year because of objections from antitrust regulators, the report noted.

Freshippo, the Alibaba (BABA) grocery chain known for selling cooked lobsters and grouper freshly chosen from fish-tanks in the store, has started preparations for a Hong Kong initial public offering, Bloomberg's Pei Li and Manuel Baigorri report, citing people familiar with the matter.

Zeekr, the upscale unit of Chinese EV maker Geely Automobile (GELYF), has confidentially filed for a U.S. initial public offering that values the company at more than $10B, reports Julie Zhu and Scott Murdoch for Reuters, citing people familiar with the matter. "The plans come as the brand, which competes with Tesla and Chinese peer Nio, sets its sights on marketing its 001 crossover" in Europe for 2023, added the Reuters story.

Instacart has been priming for a public market debut, but a potential IPO of the food and grocery delivery company may be delayed by a slowdown in growth as Instacart saw its gross order volume grow between 5% and 10% compared to the same period last year in the first quarter, down from the 16% growth rate seen for all of 2022, people briefed on the matter told The Information's Cory Weinberg. Instacart competes in the same space as public companies that include Uber, Lyft and DoorDash.

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