Neptune Wellness Solutions

Neptune set the price for a secondary offering of 9,841,395 Class A shares at $27.50 per share; the shares are being sold by selling shareholders and the company will not receive any proceeds. Neptune intends to repurchase and retire 984,140 shares from the underwriters at $26.40 per share; closing is expected on Friday and is subject to customary conditions and the successful completion of the offering. The underwriters have been granted a 30-day option to purchase up to 1,476,209 additional shares at the offering price. Morgan Stanley is lead left bookrunner; the S-1 was declared effective by the SEC on May 13, 2026. The stock is trading at $27.94, market capitalization is $3.95 billion, analysts expect a return to profitability, and InvestingPro currently views the stock as overvalued. » Więcej na de.investing.com

Certain selling shareholders of Neptune intend to publicly place 8,355,615 class A common shares; the syndicate banks have a 30-day option on up to 1,253,342 additional shares. Neptune will also repurchase 835,561 shares from the syndicate banks at the same price and cancel them, subject to customary closing conditions and a successful offering. Morgan Stanley is lead left bookrunner, J.P. Morgan and Goldman Sachs are active bookrunners; a Form S-1 registration statement has been filed with the SEC but is not yet effective. The announcement follows a 22% rise in the stock last week; Neptune is due to report results in two days, and analysts expect a return to profitability. » Więcej na de.investing.com

Flood insurer Neptune has filed for an IPO in New York and plans to list under the ticker NP. The company, founded in 2018, reported $119.3m in revenue and $34.6m in net income in 2024, implying roughly a 29% margin; H1 2025 also showed further strong growth. The offering is being led by Morgan Stanley, J.P. Morgan and BofA Securities, with BMO Capital Markets, Goldman Sachs and Evercore ISI as additional syndicate banks. » Więcej na de.investing.com