Icon Energy Corp

Icon Energy Corp (ICON) priced its initial public offering on Jul 15, 2024 at $4.00 per share, within its $4.00–$6.00 range, raising $5M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $5.8M. Maxim Group was lead-left underwriter. Watson Farley & Williams advised the company and Ellenoff Grossman & Schole advised the underwriters.

Icon Energy Corp is an international shipping company incorporated in the Marshall Islands that acquires, owns, charters and operates dry bulk vessels. It provides worldwide seaborne transportation of dry bulk cargo such as iron ore, coal, grains, bauxite, steel and fertilizers.

Status

IPO

Ticker

ICON

Exchange

Nasdaq Capital Market

Priced

Jul 15, 2024

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$5M

Market cap at IPO price

$5.8M

First filed

May 14, 2024

Underwriters

Maxim Group

Company counsel

Watson Farley & Williams

Underwriters' counsel

Ellenoff Grossman & Schole

Sector

Transportation

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.