TXO Energy Partners LP, a specialist in conventional oil and natural gas production in the Permian Basin of West Texas and the San Juan basin of New Mexico, stands out as the largest of eight initial public offerings on the calendar this week.
If all eight deals debut, it would mark the busiest week for IPOs in more than a year, according to Renaissance Capital.
With $100 million in potential proceeds, TXO Energy Partners is at least twice the size of the next-biggest IPO on deck. Most of the eight have projected proceeds of less than $10 million.
TXO Energy Partners plans to offer five million shares at an estimated range of $19 to $21 a share to trade on the New York Stock Exchange under the symbol TXO with underwriter Raymond James. The IPO will price on Thursday and trade on Friday, according to the latest projections.
Shareholders in TXO include Global Endowment Management LP and Luther King Capital Management.
TXO will change its name from MorningStar Partners as part of the IPO.
Meanwhile, QuantaSing Group Ltd., a Cayman Islands-based holding company for the largest online learning service provider in China’s adult-learning market, plans to debut its stock on the Nasdaq under the symbol QSG.
QuantaSing plans to raise about $40.6 million by offering 3.25 million American Depositary Shares (ADS) at an estimated range of $11.50 to $13.50 a share with underwriters Citigroup and CICC.
Clinical-stage biopharmaceutical company Genelux plans to offer 2.5 million shares at $6 to $7 a share with underwriters the Benchmark Co. and Brookline Capital Markets for trading on the Nasdaq under the symbol GNLX. At the midpoint of the range, Genelux will raise about $16.3 million.
Also this week, six other companies plan to debut smaller IPOs, including Bullfrog AI Holdings, which looks to raise $8.6 million by selling 1.3 million shares at $6.50 each with underwriters WallachBeth Capital and Kingswood Capital Markets to trade on the Nasdaq under the symbol BFRG.
Curative Biotechnology Inc. plans to raise $8 million with Aegis Capital Corp. for trading on the NYSE-American under the symbol CUBT.
Also on deck are Lucy Scientific Discovery Inc., which plans to raise $8 million with underwriter WestPark Capital for trading on the Nasdaq under the symbol LSDI, and Elate Group Inc., which plans to raise $8 million with underwriter Aegis Capital for trading on the Nasdaq under the symbol ELGP.
Brera Holdings Plc, an Italian soccer club, plans to raise $8.3 million with Revere Securities when it lists on the Nasdaq under the symbol BREA, and Lead Real Estate Co. plans to raise $16 million with underwriter Network 1 Financial Securities for trading on the Nasdaq under the symbol LRE.
Lucy Scientific Discovery and BullFrog AI were on the calendar last week as well but did not debut.