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

Venture Global LNG / Equity Capital Markets

<ul>
<li>Report Below Includes Key Components from Prospectus Including Overview, Market Advantages, Competitors &amp; Risks</li>
<li>
<a href="https://www.smartkarma.com/entities/venture-global" target="_blank" data-smartkarma-citation="entities:44241:1" rel="noopener">Venture Global (VG US) </a>will still own 97.9% of the Voting Power</li>
<li>Revenue -45% in the Last Nine Months in 2024 vs. 2023</li>
</ul>


Report Below Includes Key Components from Prospectus Including Overview, Market Advantages, Competitors &amp; Risks

Venture Global (VG US) will still own 97.9% of the Voting Power
Revenue -45% in the Last Nine Months in 2024 vs. 2023


Venture Global Inc (VG): Massive $2b+ Cash Raise to Kick-Off 2025 IPO Calendar

<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

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>U.S. LNG capacity is set to nearly double by 2028, reinforcing America’s dominance in global energy markets.</li>
<li>Golden Pass LNG faces major delays due to contractor bankruptcy, highlighting execution risks in megaprojects.</li>
<li>Most other projects, including Plaquemines, Rio Grande, and Port Arthur LNG, remain on or near schedule.</li>
</ul>


U.S. LNG capacity is set to nearly double by 2028, reinforcing America’s dominance in global energy markets.
Golden Pass LNG faces major delays due to contractor bankruptcy, highlighting execution risks in megaprojects.
Most other projects, including Plaquemines, Rio Grande, and Port Arthur LNG, remain on or near schedule.


U.S. LNG Surge: Growth on Track, but Golden Pass Stumbles

Infinity Natural Resources / Equity Capital Markets

<ul>
<li>Infinity Natural Resources (INR US)  came to market on January 31st pricing 13.25 million shares at $20.00 and opening at $22.16 for an 11.3% first-trade gain.</li>
<li>After peaking early in its first week, INR has experienced steady downward pressure. July was particularly brutal, with the stock declining 18%—its worst monthly performance since listing.</li>
<li>Infinity Natural Resources managed weakness from a broken IPO from its sector, Venture Global (VG). Six months later the sector winds have not calmed down.</li>
</ul>


Infinity Natural Resources (INR US)  came to market on January 31st pricing 13.25 million shares at $20.00 and opening at $22.16 for an 11.3% first-trade gain.
After peaking early in its first week, INR has experienced steady downward pressure. July was particularly brutal, with the stock declining 18%—its worst monthly performance since listing.
Infinity Natural Resources managed weakness from a broken IPO from its sector, Venture Global (VG). Six months later the sector winds have not calmed down.


Infinity Natural Resources (INR) Six Month Summary: Energy Sector Weakness Weighs on Stock Post-IPO

<ul>
<li>The company priced an upsized 12.0 million share offering at $17.00—above the initial range—and opened 29.4% higher at $22.00.</li>
<li>In March, amid broader sector weakness across the medical device space, the stock broke below its IPO price.</li>
<li>The company did report better than expected sales in its most recent quarterly report last week with guidance raised giving long term investors more confidence in its execution moving forward.</li>
</ul>


The company priced an upsized 12.0 million share offering at $17.00—above the initial range—and opened 29.4% higher at $22.00.
In March, amid broader sector weakness across the medical device space, the stock broke below its IPO price.
The company did report better than expected sales in its most recent quarterly report last week with guidance raised giving long term investors more confidence in its execution moving forward.


Beta Bionic Inc (BBNX) Six Month Summary: From Breakout to Breakdown

United States

Venture Global LNG, Inc. operates as a producer of liquefied natural gas pipelines. The Company develops and constructs LNG export projects to provide clean, affordable energy to the world. Venture Global LNG serves worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Venture Global LNG (VG US)

Venture Global Inc (VG): Massive $2b+ Cash Raise to Kick-Off 2025 IPO Calendar

Summary: The article discusses key components from a prospectus on Venture Global, highlighting market advantages, competitors, and risks. The...

IPO Boutique

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

U.S. LNG Surge: Growth on Track, but Golden Pass Stumbles

US LNG capacity to nearly double by 2028, but Golden Pass LNG faces delays due to contractor bankruptcy, showing risks in megaproject execution....

Mint Finance

Infinity Natural Resources (INR) Six Month Summary: Energy Sector Weakness Weighs on Stock Post-IPO

Infinity Natural Resources had a strong IPO debut but has since struggled, with July marking its worst monthly performance since listing due to...

IPO Boutique

Beta Bionic Inc (BBNX) Six Month Summary: From Breakout to Breakdown

Company prices upsized share offering above initial range, opens 29.4% higher. Stock broke below IPO price in March but recent quarterly may begin...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Venture Global Inc (VG): Massive $2b+ Cash Raise to Kick-Off 2025 IPO Calendar

​Summary: The article discusses key components from a prospectus on Venture Global, highlighting market advantages, competitors, and risks. The...

IPO Boutique

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

U.S. LNG Surge: Growth on Track, but Golden Pass Stumbles

​US LNG capacity to nearly double by 2028, but Golden Pass LNG faces delays due to contractor bankruptcy, showing risks in megaproject execution....

Mint Finance

Infinity Natural Resources (INR) Six Month Summary: Energy Sector Weakness Weighs on Stock Post-IPO

​Infinity Natural Resources had a strong IPO debut but has since struggled, with July marking its worst monthly performance since listing due to...

IPO Boutique

Beta Bionic Inc (BBNX) Six Month Summary: From Breakout to Breakdown

​Company prices upsized share offering above initial range, opens 29.4% higher. Stock broke below IPO price in March but recent quarterly may begin...

IPO Boutique

Summary: The article discusses key components from a prospectus on Venture Global, highlighting market advantages, competitors, and risks. The...

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

US LNG capacity to nearly double by 2028, but Golden Pass LNG faces delays due to contractor bankruptcy, showing risks in megaproject execution....

Infinity Natural Resources had a strong IPO debut but has since struggled, with July marking its worst monthly performance since listing due to...

Company prices upsized share offering above initial range, opens 29.4% higher. Stock broke below IPO price in March but recent quarterly may begin...