IPO Boutique

We offer ratings, research and color for IPOs and secondary offerings. Our team has more than 50 years of experience in this arena.

[IPO Boutique @IPOBoutique]

$QNT #IPO: Quantinuum Inc. (QNT) priced 28.0mm shares (upsized from 26.5mm) at $60.00 ($5 above the upwardly-revised range) and will debut on Thursday.

[IPO Boutique @IPOBoutique]

SpaceX officially sets terms for its #IPO.

Shares: 555.5 million
Price Range: $135.00-$135.00
Market Cap: $1.75 Trillion
Trade Date: Friday, 6/12
Underwriters: Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital, UBS Investment Bank, Wells Fargo Securities

[IPO Boutique @IPOBoutique]

Applied Aerospace & Defense, Inc. (AADX) priced a full-size deal of 32.5mm shares at $20.00 (upper half of the range) and opened at $20.75 for a gain of 3.8% at first trade. #IPO $AADX

[IPO Boutique @IPOBoutique]

Applied Aerospace & Defense, Inc. (AADX) priced a full-size deal of 32.5mm shares at $20.00 (upper half of the range) and will debut on Wednesday. #IPO $AADX

[IPO Boutique @IPOBoutique]

Link to $SPCX S-1: https://t.co/PiJ82ZtLbE

[IPO Boutique @IPOBoutique]

Space Exploration Technologies Corp. officially files for #IPO. $SPCX

Underwriters: Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital, UBS Investment Bank, Wells Fargo Securities

Co-Managers: Allen & Co., Cantor, Neeham, Raymond James, Societe Generale, Stifel, William Blair, BTG Pactual, ING, Macquarie Capital, Mirae Asset Securities, Mizuho Santander

[IPO Boutique @IPOBoutique]

5/5 💰 Capital expenditures remain staggering, especially in AI where the company spent $12.7B in 2025 alone. Investors are betting today’s spending spree creates tomorrow’s dominant infrastructure platform. $SPCX

[IPO Boutique @IPOBoutique]

10/ Looking ahead, next week’s IPO calendar is light with only Lincoln International ($LCLN) expected to debut.

But after the monster performances from $CBRS and $FRVO, the broader takeaway is simple:

The IPO market is alive again — especially for AI-linked stories.

[IPO Boutique @IPOBoutique]

1/ AI IPO mania is officially here.

This week’s IPO market was dominated by one theme: investors aggressively chasing AI infrastructure, power demand, and next-gen compute platforms.

Leading the charge? Cerebras Systems ($CBRS). 🚀

[IPO Boutique @IPOBoutique]

9/ Meanwhile, GMR Solutions ($GMRS) struggled.

• IPO priced BELOW the original range
• Opened down 10%
• Closed week: $13.37
Leverage concerns and private equity overhang weighed heavily on sentiment.