The IPO Buzz: SmartStop Self Storage REIT (SMA Proposed) Starts April Parade

A super-sized REIT IPO – SmartStop Self Storage REIT, Inc. (SMA Proposed) – gets the April parade going for the IPO market. SmartStop Self Storage REIT is offering 27.0 million shares at a price range of $28.00 to $35.00 to raise $850.5 million – if priced at the $31.50 mid-point of its range.  SmartStop Self Storage REIT’s IPO is set for pricing on Tuesday night, April 1, 2025, to trade Wednesday, April 2, on the New York Stock Exchange. The IPO market’s mood is quiet in the face of U.S. stock futures’ slide on tariff worries on Monday morning, March 31^st, and after last week’s headliner, AI play CoreWeave (CRWV), stumbled in its NASDAQ debut on Friday, March 28th. SmartStop Self Storage REIT, Inc., based in Ladera Ranch, California, is a real estate investment trust (REIT) that owns 159 self-storage properties in major metropolitan areas in 19 states in the U.S. and the Greater Toronto Area in Canada, the prospectus said. The company is not profitable, according to financial statements in the prospectus. J.P. Morgan and Wells Fargo Securities are the lead joint book-runners of SmartStop’s REIT IPO. The joint book-runners’ team includes another eight investment banks – KeyBanc Capital Markets, BMO Capital Markets, Truist Securities, Baird, Stifel, National Bank of Canada Financial Markets, Raymond James and Scotiabank. A crypto mining equipment maker – Bgin Blockchain Ltd. (BGIN Proposed) – and an oilfield equipment supplier – OMS Energy Technologies Inc. (OMSE Proposed) – are also in this week’s IPO mix – with deals at $50.0 million each:

• Chardan and The Benchmark Company are the joint book-runners of Bgin Blockchain’s IPO, which is expected to price tonight – Monday, March 31, 2025, to trade Tuesday, April 1^st, on the NASDAQ.
• Roth Capital Markets is the sole book-runner of OMS Energy Technologies’ IPO, which is set to price tomorrow night – Tuesday, April 1^st, to trade Wednesday, April 2^nd, on the NASDAQ.

The rest of this week’s IPO Calendar consists of micro-cap IPOs ranging in size from $3.0 million to $25.0 million. (Please see the IPO Calendar for the deals and prospective pricing dates.) (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. 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. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.