Regentis Biomaterials has completed its initial public offering, issuing 1,250,000 ordinary shares at $8.00 each. The offering generated $10M in gross proceeds before underwriting fees and expenses.

LATEST IPOS AND DIRECT LISTINGS:

Regentis Biomaterials (RGNT) opened on December 4 at $7.40. The regenerative medicine company that says it is "dedicated to developing innovative tissue repair solutions that seek to restore the health and enhance the quality of life of patients" priced its initial public offering of 1.25M ordinary shares at an initial public offering price of $8.00 per ordinary share. The company intends to use the net proceeds from the offering primarily for development activities, including the completion of its pivotal trial, and preparation of the PMA submission for GerlinC, and also for corporate purposes including the repayment of certain debt and deferred compensation payments.
Hoyne Bancorp (HYNE) opened on December 4 at $13.35. The Delaware corporation and the proposed savings and loan holding company for Hoyne Savings Bank announced the closing of the company's previously announced subscription offering conducted in connection with the conversion of Hoyne Savings, MHC from the mutual holding company structure to stock holding company structure and the conversion of the Bank to a stock savings bank and wholly-owned subsidiary of the company pursuant to its previously announced plan of conversion.
SMJ International (SMJF) opened on December 4 at $4.40. The Singapore-based premium flooring specialist that distributes a range of flooring products under its proprietary "SMJ" brand across Asia markets priced its firm commitment initial public offering of an aggregate 2.5M Class A ordinary shares at a price of $4.00 per share to the public.
Park Dental Partners (PARK) opened on December 3 at $13. The company priced its initial public offering of 1.535M shares of its common stock at a price to the public of $13.00 per share. The dental resource organization that provides comprehensive non-clinical business support services to affiliated general and multi-specialty dental practices across Minnesota and Wisconsin intends to use the net proceeds from this offering for general corporate purposes, which may include acquisitions of practices, capital expenditures, working capital and repayment and financing of outstanding debt.

RECENT SPAC IPOS:

Activate Energy Acquisition (AEAQ) opened on December 4 at $10.01. While the blank check company says it may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on industries that "complement the management team's and board of director's background and network, and to capitalize on the ability of its management team and board of directors to identify and acquire a business, focusing on the oil and gas industry."
Safeguard Acquisition (SAC) opened on December 4 at $10.01. The blank check company may pursue an initial business combination in any industry, sector or geographic region, but expects to target opportunities and companies in the aerospace & defense, government services & national security, and space sectors.
New America Acquisition I (NWAX) opened on December 4 at $10.29. The company said it plans to target businesses that are "not only well-positioned for long-term, sustainable growth, but also deeply aligned with the advancement of U.S. industrial capacity, technological leadership and innovation, and economic resilience."
Bitcoin Infrastructure Acquisition (BIXI) opened on December 2 at $10.01. "While the company may pursue an initial business combination in any industry, the company intends to focus on sectors aligned with the ongoing digitization of financial infrastructure. These include digital assets, Web3 technologies, financial services infrastructure, and other blockchain-driven business models," it stated.
SC II Acquisition (SCII) opened on November 26 at $10.04. The blank check company's sponsor is managed by Nukkleus Defense Technologies, which is a wholly owned subsidiary of Nukkleus (NUKK) and its management team is led by Menny Shalom, its CEO and a director.
Invest Green Acquisition (IGAC) opened on November 25 at $10.01. The blank check company may pursue an initial business combination opportunity in any industry or sector but expects to focus its efforts on businesses in the broad renewable energy, sustainable finance and nuclear energy sectors, "targeting industries that are crucial components of the global clean energy transition and offer viable pathways towards a clean energy future while ensuring sustainable, reliable, and affordable energy supply, where the company believes its management team's operational and investment expertise will provide it with a competitive advantage," it stated.

PERFORMANCE: Prices as of 10.15 am ET on Monday, December 8

Regentis Biomaterials – down almost 4% at $7.20;
Hoyne Bancorp – up about 3% at $14.20;
SMJ International – up 2.5% at $4.51;
Park Dental Partners – down more than 2% at $13.

RECENT IPOS TO WATCH: Phaos Technology (POAS) and Off The Hook YS (OTH) is 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 Grayscale (GRAY), Klook (KLK), Speed Group (SPED), Medline (MDLN), and Lendbuzz (LBZZ).

Click here to see upcoming IPO calendar on TipRanks.

Grayscale Investments filed a prospectus for an initial public offering on the New York Stock Exchange under the ticker symbol "GRAY." Grayscale says it is the largest digital asset-focused investment platform in the world, with $35B in assets under management as of September 30. "Our mission is to make digital asset investing simple and open to every investor. Founded in 2013, we have pioneered regulated access to the digital asset class. Our platform spans the full spectrum of institutional-grade solutions, providing investors with the broadest and most diverse suite of digital asset-focused investment products in the United States based on number of products," the company added.
Klook Technology, which identifies itself as "the largest pan-regional experiences platform in Asia-Pacific" by gross transaction volume in 2024, announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of American Depositary Shares representing its ordinary shares. The company has applied to list the ADSs on the New York Stock Exchange under the ticker symbol "KLK". The number of ADSs to be offered and the price range for the proposed offering have not yet been determined.
Speed Group filed a prospectus for 2.5M share initial public offering. It expects the IPO price to be in the range of $4.00 to $5.00 per. The company's operating subsidiary, Speed Logistics, is an e-commerce logistics provider providing end-to-end logistics solution in Hong Kong, Europe and North America. The services include warehousing, customs clearance, air transportation, and final delivery from the European airports. For the years ended June 30, 2024 and 2025, Speed's revenues were $17.9M and $22.64M, respectively.
Medline filed a prospectus for an initial public offering on the Nasdaq under the symbol "MDLN." Goldman Sachs, Morgan Stanley, BofA and JPMorgan are acting as the bookrunning managers. Medline calls itself the largest provider of medical-surgical products and supply chain solutions based on total net sales.
Lendbuzz Inc. is offering an undetermined number of shares of its common stock and the selling stockholders identified in this prospectus are offering additional shares of common stock, according to an initial public offering prospectus filed with the SEC. The company has applied to list its common stock on the Nasdaq Global Select Market under the symbol "LBZZ." The prospectus states: "Our mission is to offer fair access to credit for underserved populations. We are a financial technology company that utilizes artificial intelligence, or AI, and machine learning algorithms to better assess consumer credit risk and expand access to credit. We seamlessly process large sets of data through advanced computational approaches to more accurately predict a consumer's creditworthiness. Our business benefits both consumers through expanded access to credit, and auto dealerships via increased vehicle sales."

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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