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>Largest Cash Raise for a company since July 2024 marking important event for Equity Capital Markets to start the calendar year</li>
<li>Rising and volatile natural gas prices combined with rich valuation nearly prices company to perfection</li>
<li>Deal color for potential price sensitive IPOs is crucial in determining near-term performance</li>
</ul>


Largest Cash Raise for a company since July 2024 marking important event for Equity Capital Markets to start the calendar year
Rising and volatile natural gas prices combined with rich valuation nearly prices company to perfection
Deal color for potential price sensitive IPOs is crucial in determining near-term performance


Venture Global (VG): Rich Valuation Marks Questions About Being Already Priced for Perfection

<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

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.

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Venture Global LNG (VG US)

Venture Global (VG): Rich Valuation Marks Questions About Being Already Priced for Perfection

Significant cash raise for company signals strong start for Equity Capital Markets in 2024, but potential IPOs must carefully consider deal...

IPO Boutique

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

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Venture Global (VG): Rich Valuation Marks Questions About Being Already Priced for Perfection

​Significant cash raise for company signals strong start for Equity Capital Markets in 2024, but potential IPOs must carefully consider deal...

IPO Boutique

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

Significant cash raise for company signals strong start for Equity Capital Markets in 2024, but potential IPOs must carefully consider deal...

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...