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>One of the most anticipated IPOs of 2025 has officially filed its S-1 -- CoreWeave (CRWV US) . </li>
<li>Their revenue was $16 million, $229 million, and $1.9 billion for the years ended December 31, 2022, 2023, and 2024, respectively, representing year-over-year growth of 1,346% and 737%, respectively.</li>
<li>According to sources, the debut on CoreWeave Inc. is tentatively scheduled for the last week of March.</li>
</ul>


One of the most anticipated IPOs of 2025 has officially filed its S-1 -- CoreWeave (CRWV US) . 
Their revenue was $16 million, $229 million, and $1.9 billion for the years ended December 31, 2022, 2023, and 2024, respectively, representing year-over-year growth of 1,346% and 737%, respectively.
According to sources, the debut on CoreWeave Inc. is tentatively scheduled for the last week of March.


CoreWeave Inc. IPO (CRWV): Peeking at the Prospectus of Cloud Platform Managing AI Infrastructure

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

International Business Machines / Equity Bottom-Up

<ul><li>International Business Machines is making one of its boldest AI-era moves yet, committing $5 billion with Red Hat to Project Lightwell, a new initiative designed to secure open-source software supply chains for large enterprises.</li><li>The plan is ambitious: deploy a global force of 20,000 engineers, supported by advanced AI, to identify, test, fix and validate security vulnerabilities across huge volumes of open-source code.</li><li>That matters because open source has become the invisible foundation of modern business, powering banks, payment networks, cloud platforms, enterprise apps and AI systems.</li></ul>

International Business Machines is making one of its boldest AI-era moves yet, committing $5 billion with Red Hat to Project Lightwell, a new initiative designed to secure open-source software supply chains for large enterprises.The plan is ambitious: deploy a global force of 20,000 engineers, supported by advanced AI, to identify, test, fix and validate security vulnerabilities across huge volumes of open-source code.That matters because open source has become the invisible foundation of modern business, powering banks, payment networks, cloud platforms, enterprise apps and AI systems.

IBM’s $5 Billion AI Security Bet Could Change The Internet Forever!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>
Strategic Repositioning Towards Hybrid Cloud and AI: IBM is undergoing a significant transformation, focusing on the high-growth areas of hybrid cloud and artificial intelligence, a move underscored by its strategic acquisition of Red Hat. This pivot is designed to capture a larger share of the enterprise digital transformation market.</li>
 <li>
Financial Health and Shareholder Returns: The company demonstrates a strong commitment to shareholder returns, evidenced by a high dividend score and consistent dividend growth. Recent financial performance shows accelerating net income and EPS growth, signaling that its strategic initiatives are beginning to yield positive results.</li>
 <li>
Long-Term Growth Optionality in Next-Gen Tech: IBM is a key player in the development of quantum computing, which, while still in early stages, offers significant long-term growth potential. This investment in next-generation technology, combined with its established enterprise presence, provides unique, long-term strategic advantages.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Strategic Repositioning Towards Hybrid Cloud and AI: IBM is undergoing a significant transformation, focusing on the high-growth areas of hybrid cloud and artificial intelligence, a move underscored by its strategic acquisition of Red Hat. This pivot is designed to capture a larger share of the enterprise digital transformation market.
  
Financial Health and Shareholder Returns: The company demonstrates a strong commitment to shareholder returns, evidenced by a high dividend score and consistent dividend growth. Recent financial performance shows accelerating net income and EPS growth, signaling that its strategic initiatives are beginning to yield positive results.
  
Long-Term Growth Optionality in Next-Gen Tech: IBM is a key player in the development of quantum computing, which, while still in early stages, offers significant long-term growth potential. This investment in next-generation technology, combined with its established enterprise presence, provides unique, long-term strategic advantages.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: International Business Machines (IBM US) - May 2026

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

<ul><li>Transition to new revenue streams: diversified revenue sources with focus on consulting, digital transformation, and hardware</li><li>Diagnosis of decline and strategic shift: focus on future relevance, strengths, and partnership with cloud providers like Red Hat</li><li>Strategic decisions: acquisition of Red Hat, spin off of declining IT services business for focus on innovation, growth, and high margins.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Transition to new revenue streams: diversified revenue sources with focus on consulting, digital transformation, and hardwareDiagnosis of decline and strategic shift: focus on future relevance, strengths, and partnership with cloud providers like Red HatStrategic decisions: acquisition of Red Hat, spin off of declining IT services business for focus on innovation, growth, and high margins.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

IBM CEO: Transforming a Tech Giant, AI Bets and Quantum Computing

<ul><li>International Business Machines Corporation is usually discussed as a legacy technology company trying to stay relevant in artificial intelligence, hybrid cloud, and enterprise software.</li><li>But its latest quantum computing milestone gives investors a different lens: IBM may be building one of the earliest bridges between quantum systems and real-world medicine.</li><li>In collaboration with Riken and Cleveland Clinic, researchers used IBM quantum systems alongside major classical supercomputers to simulate a biologically meaningful protein complex spanning more than 12,000 atoms.</li></ul>

International Business Machines Corporation is usually discussed as a legacy technology company trying to stay relevant in artificial intelligence, hybrid cloud, and enterprise software.But its latest quantum computing milestone gives investors a different lens: IBM may be building one of the earliest bridges between quantum systems and real-world medicine.In collaboration with Riken and Cleveland Clinic, researchers used IBM quantum systems alongside major classical supercomputers to simulate a biologically meaningful protein complex spanning more than 12,000 atoms.

IBM’s 12,000-Atom Quantum Moment Is Bigger Than It Sounds!

United States

International Business Machines Corporation (IBM) provides computer solutions through the use of advanced information technology. The Company's solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.

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International Business Machines (IBM US)

CoreWeave Inc. IPO (CRWV): Peeking at the Prospectus of Cloud Platform Managing AI Infrastructure

CoreWeave (CRWV US) files for IPO with impressive revenue growth and a debut expected in March. This article outlines key takeaways from the...

IPO Boutique

IBM’s $5 Billion AI Security Bet Could Change The Internet Forever!

International Business Machines is making one of its boldest AI-era moves yet, committing $5 billion with Red Hat to Project Lightwell, a new...

Baptista Research

Primer: International Business Machines (IBM US) - May 2026

Strategic Repositioning Towards Hybrid Cloud and AI: IBM is undergoing a significant transformation, focusing on the high-growth areas of...

αSK Primers

IBM CEO: Transforming a Tech Giant, AI Bets and Quantum Computing

Summary: The company transitioned to focus on digital, AI, consulting, and hardware, making strategic acquisitions and spinning off IT services to...

In Good Company with Nicolai Tangen

IBM’s 12,000-Atom Quantum Moment Is Bigger Than It Sounds!

International Business Machines Corporation is usually discussed as a legacy technology company trying to stay relevant in artificial...

Baptista Research

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CoreWeave Inc. IPO (CRWV): Peeking at the Prospectus of Cloud Platform Managing AI Infrastructure

​CoreWeave (CRWV US) files for IPO with impressive revenue growth and a debut expected in March. This article outlines key takeaways from the...

IPO Boutique

IBM’s $5 Billion AI Security Bet Could Change The Internet Forever!

International Business Machines is making one of its boldest AI-era moves yet, committing $5 billion with Red Hat to Project Lightwell, a new...

Baptista Research

Primer: International Business Machines (IBM US) - May 2026

Strategic Repositioning Towards Hybrid Cloud and AI: IBM is undergoing a significant transformation, focusing on the high-growth areas of...

αSK Primers

IBM CEO: Transforming a Tech Giant, AI Bets and Quantum Computing

Summary: The company transitioned to focus on digital, AI, consulting, and hardware, making strategic acquisitions and spinning off IT services to...

In Good Company with Nicolai Tangen

IBM’s 12,000-Atom Quantum Moment Is Bigger Than It Sounds!

International Business Machines Corporation is usually discussed as a legacy technology company trying to stay relevant in artificial...

Baptista Research

CoreWeave (CRWV US) files for IPO with impressive revenue growth and a debut expected in March. This article outlines key takeaways from the...