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US IPOs Weekly Recap
Week of January 31, 2022

Esther Thin

Two IPOs and four SPACs went public in the week of January 31, 2022 led by Arcellx Inc (NASDAQ: ACLX), a phase 1 biotech developing next-gen CAR-T therapies for blood cancers, raised $124 million at a $583 million market cap and finished 12% above its IPO price.

Phase 1-ready biotech developing in-licensed precision therapies for cancer, Nuvectis Pharma Inc (NASDAQ: NVCT) raised $16 million at a $65 million market cap and finished 35% below its IPO price.

The seven SPACs went public this past week are:

1.      Kimbell Tiger Acquisition (energy and natural resources industry SPAC)

2.      Murphy Canyon Acquisition (real estate industry SPAC)

3.      Blue World Acquisition (marine-related businesses SPAC)

4.      Alset Capital Acquisition (real estate SPAC)

Together, all the SPACs raised a total of $470 million.

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