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THE IPO WIRE
Graf Industrial Corp. IIGTOO · NYSE
$10–$10 / share$220M raise22,000,000 shares

Graf Industrial II registers a $220 million NYSE IPO at $10 a share

Graf Industrial Corp. II filed its S-1 for a $220 million NYSE listing, 22 million shares at the standard $10 unit price, with Lucid Capital Markets running the book. Terms and a trading date come next, so the S-1 is the first look investors get at the sponsor's target.

Source: SEC filing
Biggest movers · At the close
  • WDAYWorkday$205.92+6.4%
  • DKNGDraftKings$25.53+5.4%
  • SPOTSpotify$546.01+3.6%
  • AMZNAmazon$265.35+3.5%
  • EXPEExpedia$328.9+3.1%
  • IRENIren$35.38-12.7%
  • RBRKRubrik$94.34-11.8%
  • MARAMarathon Digital$10.65-10.3%
  • HIMSHims & Hers$28.65-9.5%
  • TEMTempus AI$64.17-9.2%

Nearly 20 points separated the best and worst names at Friday's close: Iren gave up 12.72% while Workday added 6.38%. Three losers dropped more than 10% in a single session, a reset worth checking before Monday.

AFRMAffirm
After-hours
$79.20
-8.05%open $86.13

Down 8% to $79.20 from an $86.13 open, a single-session reset that lops roughly $2 billion off a $22.9 billion market cap. Whether the $86 level gets reclaimed is the next thing to watch.

CLOSING BELL
U.S. Markets
  • S&P 500-0.26%
  • Nasdaq Composite-0.50%

Growth names took the harder hit into the weekend, with the Nasdaq down 0.50% while the S&P 500 held up better. That gap is the market repricing a September Fed hike that was unthinkable a month ago.

THE IPO WIRE
Electra Therapeutics, Inc.ETRA · Nasdaq

Electra Therapeutics files S-1 for a Nasdaq IPO under ETRA

Electra Therapeutics filed its S-1 to list on Nasdaq, with Jefferies, TD Cowen, Evercore ISI and Cantor running the book. Terms and deal size are not set yet, so the pricing amendment is the next thing to watch.

Source: SEC filing
Disclosure

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