The IPO Buzz: Loar Holdings Prices IPO at $28 – $2 Above Range

 Most of the proceeds from Loar’s IPO will go toward paying down some debt, the company said in the prospectus. Loar has borrowed money to finance acquisitions.

 For the year that ended Dec. 31, 2023, Loar reported a net loss of $4.62 million on revenue of $317.48 million.

 A third sizable IPO – Marex Group plc (MRX Proposed) – was said to have priced just below the mid-point of its $18.00-to-$21.00 range on the 15.4 million shares in the prospectus, according to a Bloomberg report on Wednesday night. That was in line with the Street’s expectations.

 Marex, a global clearing, commodities and financial services firm based in London, reported a profit for 2023: net income of $141.3 million on revenue of $1.24 billion, according to the prospectus.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s website.)

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Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

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