US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

<ul>
<li>Exzeo Group (XZO US) is to offer 8 million shares at $20-$22 equating to a valuation of $1.8b-$2.0b and can go public as early as November 5th.</li>
<li>The underwriters have reserved up to 5% of the shares of common stock offered through a directed share program.</li>
<li>This company is a technology arm of HCI and revenue for this company is growing at a very strong pace (80% in 1H 2025). </li>
</ul>


Exzeo Group (XZO US) is to offer 8 million shares at $20-$22 equating to a valuation of $1.8b-$2.0b and can go public as early as November 5th.
The underwriters have reserved up to 5% of the shares of common stock offered through a directed share program.
This company is a technology arm of HCI and revenue for this company is growing at a very strong pace (80% in 1H 2025). 


Exzeo Group, Inc. (XZO): Insurance Technology Platform Sets Terms for IPO; Seeking $2.0b Valuation

BETA Technologies / Equity Capital Markets

<ul>
<li>They had total revenues of $15.4 million and $15.1 million and net loss of $306.3 million and $201.9 million in 2023 and 2024, respectively.</li>
<li>They believe their aircraft represents a significant cost efficiency advantage, as total operating costs are 42% lower compared to new traditional conventional aircraft.</li>
<li>The current government shutdown could delay the debut of this IPO due to the SEC unable to deem IPOs "effective" in a timely manner.</li>
</ul>


They had total revenues of $15.4 million and $15.1 million and net loss of $306.3 million and $201.9 million in 2023 and 2024, respectively.
They believe their aircraft represents a significant cost efficiency advantage, as total operating costs are 42% lower compared to new traditional conventional aircraft.
The current government shutdown could delay the debut of this IPO due to the SEC unable to deem IPOs "effective" in a timely manner.


BETA Technologies (BETA): Peeking at the IPO Prospectus of an Electric Aircraft Maker

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BETA Technologies (BETA US)

Exzeo Group, Inc. (XZO): Insurance Technology Platform Sets Terms for IPO; Seeking $2.0b Valuation

Exzeo Group plans to go public with 8 million shares at $20-$22, valued at $1.8b-$2.0b, with strong revenue growth of 80% in 1H 2025. Directed...

IPO Boutique

BETA Technologies (BETA): Peeking at the IPO Prospectus of an Electric Aircraft Maker

Article highlights company's financial performance, cost efficiency advantage of their aircraft, and potential delay in IPO debut due to...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Exzeo Group, Inc. (XZO): Insurance Technology Platform Sets Terms for IPO; Seeking $2.0b Valuation

​Exzeo Group plans to go public with 8 million shares at $20-$22, valued at $1.8b-$2.0b, with strong revenue growth of 80% in 1H 2025. Directed...

IPO Boutique

BETA Technologies (BETA): Peeking at the IPO Prospectus of an Electric Aircraft Maker

​Article highlights company's financial performance, cost efficiency advantage of their aircraft, and potential delay in IPO debut due to...

IPO Boutique

Exzeo Group plans to go public with 8 million shares at $20-$22, valued at $1.8b-$2.0b, with strong revenue growth of 80% in 1H 2025. Directed...

Article highlights company's financial performance, cost efficiency advantage of their aircraft, and potential delay in IPO debut due to...