Last Week's Top Funding Rounds

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• Golden Goose pulls the plug on its €600 Million IPO.

• National Bank (TSX: NA) closes a C$1-billion offering.

• Bank of Hawaii (NYSE: BOH) is raising $165 million.

• Savannah Resources (LON:SAV) closes $20.3 million

Golden Goose, known for its €500 distressed-look trainers, unexpectedly pulled its €600mn Milan IPO after 10 months of preparation, citing market nervousness and previous underperforming listings by its private equity owner, Permira.

Despite strong first-quarter sales and an oversubscribed IPO book, concerns over political instability and key investors like BlackRock and GIC opting out led to the decision.

This move impacts the European IPO market, with other companies now reconsidering their plans. Golden Goose’s CEO remains hopeful for a future listing, emphasizing the brand’s strong and profitable business model.

This is another blow to Europe’s IPO market which many were hoping was on the road to recovery.

Weekly Money Moves

• Bank on It

National Bank (TSX: NA) has successfully closed a CAD$1-billion capital raise to support its $5-billion all-stock acquisition of Canadian Western Bank. This capital raise included a public offering and a concurrent private placement.

As part of the public offering, National issued approximately 4.5 million subscription receipts at $112.30 each, generating about $500 million in gross proceeds, managed by a syndicate of underwriters led by National Bank Financial.

Bank of Hawaii (NYSE: BOH) is seeking $165 million in capital due to the ongoing burden of elevated interest rates. This capital raise follows a challenging year marked by significant 'unrealized' losses from its bond investments as interest rates rose.

Savannah Resources (LSE:SAV) successfully closed a £16 million offering last week, marking a significant milestone. This capital raise is expected to bolster the development of their key projects, including the Mina do Barroso lithium project in Portugal.

Their shares jumped 15% in early trading after receiving the investment from AMG Critical Materials Group, an Amsterdam-listed speciality metals group.

Weekly Money Moves

Lead Investors

• Ascentage Pharma: $75,000,000 - Lead Investor: Takeda

• RadioPharm Theranostics: $4,989,973 - Lead Investor: Lantheus Holdings

• Coeptis Therapeutics: $4,300,000 - Lead Investor: CJC

• Tharimmune: $2,080,000 - Lead Investor: SDS Capital Group

• Centum Investment Limited: $47,500,000 - Lead Investor: Vantage Capital

• Bluesail Medical: $195,772,357 - Lead Investor: Hua Kee Company

• Savannah Resources: $20,320,195 - Lead Investor: AMG Advanced Metallurgical Group

• Innergex: $187,350,966 - Lead Investor: Irradiant Partners ​

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]