Image Source: Kevin Smith on Flickr

Cell therapy biotech Arcellx made its public debut on Friday, raising $124 million to bankroll its multiple myeloma CAR-T study.

Latest IPOs and Direct Listings

Arcellx (ACLX) opened on Feb. 4 at $19. The company had priced 8.25 million shares at $15.00, at the low end of the $15.00-$17.00 range. BofA, SVB Leerink, Citi, and William Blair acted as joint book running managers for the offering.

Arcellx is a biotechnology company developing immunotherapies for patients with cancer and other incurable diseases. Arcellx's lead product candidate, CART-ddBCMA, which is being developed for the treatment of relapsed or refractory multiple myeloma in an ongoing Phase 1 study, has been granted Fast Track, Orphan Drug, and Regenerative Medicine Advanced Therapy designations by the U.S. FDA.

Maris-Tech (MTEK) opened on Feb. 2 at $3. The company, a B2B provider of intelligent video transmission technology, had priced its initial public offering of 3,700,477 common units and pre-funded units. Each common unit was being offered at a public offering price per common unit of $4.20 and consists of one ordinary share and one warrant to purchase one ordinary share, with an initial exercise price of $5.25 per share.

Each pre-funded unit is offered at a public offering price per pre-funded unit of $4.199 and consists of one pre-funded warrant to purchase one ordinary share, with an initial exercise price of $0.001 per share, and one warrant to purchase one ordinary share, with an initial exercise price of $5.25 per share. Aegis Capital acted as the sole book-running manager for the offering.

Performance

• Arcellx ended the week at $16.80.
• Maris-Tech finished Friday at $2.70.

Recent IPOs to Watch

TPG (TPG), CFSB Bancorp (CFSB), and Hillstream BioPharma (HILS) are among stocks that could see new coverage roll out this upcoming week as the quiet periods for banks that underwrote the companies' IPOs expire.

Upcoming IPOs

Upcoming IPO and direct listings expected include Reddit, Bitdefender, Phoenix Motor, Chobani, FreeCast, and Samba TV.

Samba TV has filed with the SEC for an initial public offering of shares of Class A common stock. The company has applied to list its Class A common stock on the New York Stock Exchange under the symbol 'SMBA.' In its prospectus, Samba TV stated: 

"We are transforming internet Connected TVs - CTVs - into a platform for our customers, which are comprised of brands, agencies, content programmers, publishers and measurement and advertising vendors, to build attentive, engaged audiences. Our AI-driven content identification software is embedded in CTVs sold by leading original equipment manufacturer - OEM - brands across the globe.

Through our software, we form direct relationships with millions of viewers, who provide us consent to collect their viewership data... We are active in six countries today, with ambitions to expand into the more than 100 countries where CTVs integrated with our technology are sold."

Reddit, the social media company that helped fuel 2021’s meme stock frenzy, is working with Morgan Stanley and Goldman Sachs to go public as soon as March, Bloomberg's Katie Roof and Crystal Tse report, citing people familiar with the matter. Reddit could be valued at as much as $15 billion in an initial public offering, the people said.

Bitdefender Holding B.V., which identifies itself as "a global cybersecurity leader," announced that it has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities Exchange Commission for the proposed initial public offering of its securities in the United States.

"The timing, size and price range for the proposed offering have yet to be determined. The initial public offering is subject to SEC and other regulatory review processes, as well as market and other conditions," the company said. Bitdefender did not disclose a proposed ticker symbol for its anticipated stock offering.

Phoenix Motor filed for an initial public offering on the Nasdaq under symbol 'PEV.' Upon the closing of the offering, Phoenix Motor will be a "controlled company" within the meaning of the corporate governance standards because more than 50% of the voting power of its outstanding common stock will be beneficially owned by SPI Energy (SPI).

Phoenix Motor currently designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles and markets and sells electric vehicle chargers for the commercial and residential markets. The company delivered its first commercial electric vehicle in 2014. It develops and integrates an electric drivetrain into the Ford Econoline Chassis, specifically on the Ford (F) E-450.

Chobani has filed with the SEC for an initial public offering, stating that it expects that the shares of its Class A common stock will trade on the Nasdaq Global Select Market under the symbol 'CHO.' In its prospectus, Chobani stated: 

"At Chobani, we are an anti-traditional consumer packaged goods company... We currently sell our products in single-serve, multi-serve, and/or multi-pack formats through approximately 95,000 retail locations in the United States... Chobani also has an international presence through the operation of a manufacturing facility in Melbourne, Australia and participates in certain international export markets, such as Mexico and Canada."

FreeCast has filed with the SEC for an initial public offering of common stock and has applied to list its common stock on the Nasdaq Capital Market, or Nasdaq, under the symbol 'CAST.' FreeCast is an entertainment-based content discovery, aggregation, and management company that provides SmartGuide digital interactive technology for consumers to organize numerous sources of online media similar to a traditional on-screen television guide.