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>SpyGlass Pharma surged 65% on its first day, reflecting strong demand for its novel glaucoma and cataract treatment platform.</li>
<li>Shares declined from the IPO high but maintained a premium to the $16.00 offering price throughout the first 180 days.</li>
<li>Future upside will likely require positive clinical progress, with potential financing opportunities if investor momentum returns.</li>
</ul>


SpyGlass Pharma surged 65% on its first day, reflecting strong demand for its novel glaucoma and cataract treatment platform.
Shares declined from the IPO high but maintained a premium to the $16.00 offering price throughout the first 180 days.
Future upside will likely require positive clinical progress, with potential financing opportunities if investor momentum returns.


SpyGlass Pharma (SGP): Six Months Later: Strong Debut Holds Above Water as Investors Await Data

<ul>
<li>SpyGlass Pharma priced at $16.00 and closed day one at $26.40, up 65%, after opening 50% higher and trading to $32.44.</li>
<li>The deal was multiple-times oversubscribed, with strong participation from mutual funds and healthcare-dedicated investors supporting the aftermarket.</li>
<li>Med-Tech positioning and backing from top-tier investors—especially RA Capital—helped drive one of the strongest first-day IPO performances this cycle.</li>
</ul>


SpyGlass Pharma priced at $16.00 and closed day one at $26.40, up 65%, after opening 50% higher and trading to $32.44.
The deal was multiple-times oversubscribed, with strong participation from mutual funds and healthcare-dedicated investors supporting the aftermarket.
Med-Tech positioning and backing from top-tier investors—especially RA Capital—helped drive one of the strongest first-day IPO performances this cycle.


SpyGlass Pharma Inc (SGP): Med-Tech Vision Pays Off: SpyGlass Pharma IPO Pops on Day One

<ul>
<li>Channel checks indicate SpyGlass Pharma’s IPO is oversubscribed at launch, with interest from both new investors and existing shareholders.</li>
<li>Lead BIM-IOL System combines cataract surgery with long-acting drug delivery, addressing glaucoma adherence challenges through a streamlined, surgeon-friendly approach.</li>
<li>Backed by top-tier investors and advancing Phase 3 trials, SpyGlass presents a late-stage, differentiated healthcare IPO setup.</li>
</ul>


Channel checks indicate SpyGlass Pharma’s IPO is oversubscribed at launch, with interest from both new investors and existing shareholders.
Lead BIM-IOL System combines cataract surgery with long-acting drug delivery, addressing glaucoma adherence challenges through a streamlined, surgeon-friendly approach.
Backed by top-tier investors and advancing Phase 3 trials, SpyGlass presents a late-stage, differentiated healthcare IPO setup.


SpyGlass Pharma Inc (SGP): IPO Draws Demand as Med-Tech Story Gains Traction

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IPO Prophet

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At IPO Prophet®, our team leverages over three decades of expertise to deliver actionable quantitative analytics for the IPO market in real-time. This platform synthesizes our extensive experience investing in IPOs, providing investors with revolutionary tools to navigate the complexities of issuance day. Our mission is to empower investors with data-driven insights to make more informed decisions.

<ul><li>✅ IPO PROPHET RATING: 7.6/10 🏦 Deal Quality &amp; Underwriters: 8.2/10 Spyglass Therapeutics is preparing to list on the Nasdaq under the ticker SPYX as a clinical-stage biopharmaceutical company developing targeted therapies for chronic diseases with limited treatment options.</li><li>The company plans to offer 9.375 million shares at a price range of $15 to $17 per share, implying gross proceeds of approximately $150 million at the midpoint, before any overallotment.</li><li>At this level, Spyglass is entering the public markets with a sub-$1 billion equity valuation, placing it squarely within the mid-cap clinical biotech universe.</li></ul>

✅ IPO PROPHET RATING: 7.6/10 🏦 Deal Quality &amp; Underwriters: 8.2/10 Spyglass Therapeutics is preparing to list on the Nasdaq under the ticker SPYX as a clinical-stage biopharmaceutical company developing targeted therapies for chronic diseases with limited treatment options.The company plans to offer 9.375 million shares at a price range of $15 to $17 per share, implying gross proceeds of approximately $150 million at the midpoint, before any overallotment.At this level, Spyglass is entering the public markets with a sub-$1 billion equity valuation, placing it squarely within the mid-cap clinical biotech universe.

<ul>
<li>Spyglass Pharma, Inc .has set terms for its initial public offering, positioning the late-stage ophthalmology biotech to enter the public markets.</li>
<li>The company plans to offer 9.375 million shares at a proposed price range of $15.00 to $17.00 per share , raising approximately $150 million in gross proceeds at the $16.00 midpoint , before underwriting expenses.</li>
<li>At the midpoint, SpyGlass Pharma would carry an implied equity value of approximately $510 million, based on roughly 31.9 million shares outstanding following the offering.</li>
</ul>


Spyglass Pharma, Inc .has set terms for its initial public offering, positioning the late-stage ophthalmology biotech to enter the public markets.
The company plans to offer 9.375 million shares at a proposed price range of $15.00 to $17.00 per share , raising approximately $150 million in gross proceeds at the $16.00 midpoint , before underwriting expenses.
At the midpoint, SpyGlass Pharma would carry an implied equity value of approximately $510 million, based on roughly 31.9 million shares outstanding following the offering.


SpyGlass Pharma Sets Terms for IPO as Ophthalmology-Focused Biotech Advances Sustained-Release Platform

United States

Spyglass Pharma, Inc. operates as an ophthalmic biotechnology company. The company provides drug delivery platform, lasting treatment, and routine ophthalmic surgery. Spyglass Pharma serves glaucoma patients worldwide.

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SpyGlass Pharma (SGP US)

SpyGlass Pharma (SGP): Six Months Later: Strong Debut Holds Above Water as Investors Await Data

SpyGlass Pharma's strong IPO debut reflects high demand for its innovative glaucoma and cataract treatment platform, with potential for future...

IPO Boutique

SpyGlass Pharma Inc (SGP): Med-Tech Vision Pays Off: SpyGlass Pharma IPO Pops on Day One

SpyGlass Pharma's IPO priced at $16.00, closed at $26.40 (+65%), oversubscribed deal with strong investor support, backed by top-tier investors...

IPO Boutique

SpyGlass Pharma Inc (SGP): IPO Draws Demand as Med-Tech Story Gains Traction

SpyGlass Pharma's oversubscribed IPO offers innovative BIM-IOL System for cataract surgery with glaucoma treatment, backed by top investors and...

IPO Boutique

IPO Rating: Spyglass Pharma Inc.

✅ IPO PROPHET RATING: 7.6/10 🏦 Deal Quality & Underwriters: 8.2/10 Spyglass Therapeutics is preparing to list on the Nasdaq under the ticker...

IPO Prophet

SpyGlass Pharma Sets Terms for IPO as Ophthalmology-Focused Biotech Advances Sustained-Release Platform

Spyglass Pharma, Inc . has set terms for its initial public offering, positioning the late-stage ophthalmology biotech to enter the public...

IPO Prophet

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SpyGlass Pharma (SGP): Six Months Later: Strong Debut Holds Above Water as Investors Await Data

​SpyGlass Pharma's strong IPO debut reflects high demand for its innovative glaucoma and cataract treatment platform, with potential for future...

IPO Boutique

SpyGlass Pharma Inc (SGP): Med-Tech Vision Pays Off: SpyGlass Pharma IPO Pops on Day One

​SpyGlass Pharma's IPO priced at $16.00, closed at $26.40 (+65%), oversubscribed deal with strong investor support, backed by top-tier investors...

IPO Boutique

SpyGlass Pharma Inc (SGP): IPO Draws Demand as Med-Tech Story Gains Traction

​SpyGlass Pharma's oversubscribed IPO offers innovative BIM-IOL System for cataract surgery with glaucoma treatment, backed by top investors and...

IPO Boutique

IPO Rating: Spyglass Pharma Inc.

✅ IPO PROPHET RATING: 7.6/10 🏦 Deal Quality & Underwriters: 8.2/10 Spyglass Therapeutics is preparing to list on the Nasdaq under the ticker...

IPO Prophet

SpyGlass Pharma Sets Terms for IPO as Ophthalmology-Focused Biotech Advances Sustained-Release Platform

Spyglass Pharma, Inc . has set terms for its initial public offering, positioning the late-stage ophthalmology biotech to enter the public...

IPO Prophet

SpyGlass Pharma's strong IPO debut reflects high demand for its innovative glaucoma and cataract treatment platform, with potential for future...

SpyGlass Pharma's IPO priced at $16.00, closed at $26.40 (+65%), oversubscribed deal with strong investor support, backed by top-tier investors...

SpyGlass Pharma's oversubscribed IPO offers innovative BIM-IOL System for cataract surgery with glaucoma treatment, backed by top investors and...