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

<ul><li>Venture Global, Incorporated reported its first quarter 2026 financial results demonstrating growth amid a complex market environment.</li><li>The company remains on course to become the largest LNG producer in North America by the end of 2027, with projections exceeding 100 million tonnes of annual production by 2030.</li><li>Total assets increased substantially year-over-year by over $11 billion, reaching $56 billion as of Q1 2026.</li></ul>

Venture Global, Incorporated reported its first quarter 2026 financial results demonstrating growth amid a complex market environment.The company remains on course to become the largest LNG producer in North America by the end of 2027, with projections exceeding 100 million tonnes of annual production by 2030.Total assets increased substantially year-over-year by over $11 billion, reaching $56 billion as of Q1 2026.

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

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Event-Driven

Cheniere Energy Partners LP / Event-Driven

<ul>
<li>Iranian drone strikes on 2-3 March fully halted QatarEnergy LNG output and Ras Tanura operations.</li>
<li>The event removes ~20% of global LNG and ~33% of Gulf LPG exports overnight, triggering Brent +13%, TTF +50% and JKM +39% spikes with multi-week volatility.</li>
<li>This will disrupt India's 50% LPG sourcing and also impact the crude oil inventory.</li>
</ul>


Iranian drone strikes on 2-3 March fully halted QatarEnergy LNG output and Ras Tanura operations.
The event removes ~20% of global LNG and ~33% of Gulf LPG exports overnight, triggering Brent +13%, TTF +50% and JKM +39% spikes with multi-week volatility.
This will disrupt India's 50% LPG sourcing and also impact the crude oil inventory.


Iran Attack: Qatar LNG Halt,Global & Indian Implication

<ul>
<li>Medline’s IPO is poised to be 2025’s largest, with a potential $5.4bn raise, positioning it as a key bridge deal into the 2026 IPO pipeline.</li>
<li>Strong anchor demand and an oversubscribed book highlight investor appetite for scaled, mature healthcare platforms with durable cash flows.`</li>
<li>Proceeds will materially reduce leverage, supporting a more balanced capital structure and reinforcing Medline’s long-term investment appeal.</li>
</ul>


Medline’s IPO is poised to be 2025’s largest, with a potential $5.4bn raise, positioning it as a key bridge deal into the 2026 IPO pipeline.
Strong anchor demand and an oversubscribed book highlight investor appetite for scaled, mature healthcare platforms with durable cash flows.`
Proceeds will materially reduce leverage, supporting a more balanced capital structure and reinforcing Medline’s long-term investment appeal.


Medline Inc. (MDLN): Largest Cash Raise IPO Since 2021's Rivian Brings End of Year Opportunity

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)

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

Venture Global: Initiation Of Coverage

Venture Global, Incorporated reported its first quarter 2026 financial results demonstrating growth amid a complex market environment. The company...

Baptista Research

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

Iran Attack: Qatar LNG Halt,Global & Indian Implication

Iranian drone strikes on QatarEnergy and Ras Tanura operations caused a significant disruption in global LNG and LPG exports, leading to price...

Nimish Maheshwari

Medline Inc. (MDLN): Largest Cash Raise IPO Since 2021's Rivian Brings End of Year Opportunity

Medline's upcoming IPO is set to be the largest of 2025, raising up to $5.4bn. Medline is a mature healthcare platforms with stable cash flows,...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

Venture Global: Initiation Of Coverage

Venture Global, Incorporated reported its first quarter 2026 financial results demonstrating growth amid a complex market environment. The company...

Baptista Research

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

Iran Attack: Qatar LNG Halt,Global & Indian Implication

​Iranian drone strikes on QatarEnergy and Ras Tanura operations caused a significant disruption in global LNG and LPG exports, leading to price...

Nimish Maheshwari

Medline Inc. (MDLN): Largest Cash Raise IPO Since 2021's Rivian Brings End of Year Opportunity

​Medline's upcoming IPO is set to be the largest of 2025, raising up to $5.4bn. Medline is a mature healthcare platforms with stable cash flows,...

IPO Boutique

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....

Iranian drone strikes on QatarEnergy and Ras Tanura operations caused a significant disruption in global LNG and LPG exports, leading to price...

Medline's upcoming IPO is set to be the largest of 2025, raising up to $5.4bn. Medline is a mature healthcare platforms with stable cash flows,...