Cerebras Systems (CRBS) has withdrawn its IPO filing. In a SEC filing, the company said, in part, "Cerebras Systems hereby respectfully requests that the company's Registration Statement on Form S-1, initially filed with the U.S. Securities and Exchange Commission on September 30, 2024, be withdrawn effective immediately."

LATEST IPOS AND DIRECT LISTINGS:

CCH Holdings (CCHH) opened on October 3 at $5.32. The Malaysia-based specialty hotpot restaurant chain announced the pricing of its initial public offering of 1.25M ordinary shares at a public offering price of $4.00 per ordinary share.
Commercial Bancgroup (CBK) opened on October 2 at $25.25. The Tennessee corporation and the bank holding company for Commercial Bank, a Tennessee state-chartered commercial bank, priced its upsized initial public offering of 7,173,092 shares of its common stock at a public offering price of $24.00 per share. 1,458,334 of the shares are being sold by Commercial and 5,714,758 of the shares are being sold by certain selling shareholders. The deal size was increased from 3.74M shares of common stock and priced below the $25.75-$27.75 range.
Neptune Insurance (NP) opened on October 1 at $22.50. The parent company of Neptune Flood Incorporated priced 18.42M shares at $20.00. The deal priced at the high-end of the $18.00-$20.00 range.
Fermi America (FRMI) opened on October 1 at $25. The company, which says it is "pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale," priced 32.5M shares at $21.00. The deal priced inside the $18.00-$22.00 target range. Fermi America said it intends to use the net proceeds from this offering, together with its existing cash, cash equivalents and short-term investments, to support the continued growth and development of Fermi America's business, to secure personnel, to increase its financial flexibility and for general corporate purposes, including, but not limited to, procurement, construction and installation of long lead-time items.
Agroz (AGRZ) opened on October 1 at $4. The agricultural technology company advancing food security technology priced 1.25M shares at $4.00 per share.
Knorex (KNRX) opened on September 29 at $4. The provider of AI-driven digital advertising products and solutions priced its initial public offering of an aggregate of 3M Class A ordinary shares, all of which are being offered by Knorex, at a public offering price of $4.00 per share.

RECENT SPAC IPOS:

AI Infrastructure Acquisition (AIIA) opened on October 3 at $10.01. The blank check company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Range Capital Acquisition II (RNGT) opened on October 3 at $10.02. The special purpose acquisition company is led by Timothy Rotolo.

PERFORMANCE: Prices as of 11 am ET on Monday, October 6

CCH Holdings – down over 12% at $3.90;
Commercial Bancgroup – fractionally up at $24.30;
Neptune Insurance – up almost 3% at $31.34;
Fermi America – down about 3.5% at $27.61;
Agroz – up almost 10% at $3.04;
Knorex – flat at $3.

RECENT IPOS TO WATCH: Klarna (KLAR), Figure (FIGR) and LB Pharmaceuticals (LBRX) are already seeing coverage roll out, while Black Rock Coffee Bar (BRCB), Gemini Space Station (GEMI), Via Transportation (VIA), Hang Feng (FOFO), Zenta Group (ZGM) and Legence (LGN) are among stocks that could see new coverage this week as the quiet periods for banks that underwrote the companies' IPOs expire.

UPCOMING IPOS: Upcoming IPO and direct listings expected include Ethos (LIFE), Lendbuzz (LBZZ), Alliance Laundry Systems (ALH), and Sea Forres (SFTI).

Click here to see upcoming IPO calendar on TipRanks.

Opening Day" is The Fly's recurring series of stories on the latest initial public offerings, their performance, and upcoming IPOs.

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