Companies line up with IPOs as June heads to a close

Investing.com -- After CAVA Group Inc 's (NYSE: CAVA) successful initial public offering this month, a number of debuts are lined up to close out June.

Bermuda-based reinsurer Fidelis Insurance plans to raise about $298 million, selling 17M shares in a range of $16 to $19 a share.

In addition, natural gas compression company Kodiak Gas Services plans to raise $328M in a sale of 16M shares at $19 to $22 apiece.

And thrift store chain Savers Value Village aims to raise $300M selling 18.8M shares at a range of $15 to $17 a share.

GEN Restaurant Group, a Korean food chain, could start trading as early as Tuesday after aiming to raise $33M by selling 3M shares at around $10 to $12 each.

Cava, a Mediterranean food restaurant chain, priced above an already revised range earlier this month and jumped 99% in its trading debut. The showing boosted hopes that the IPO market, which has been quiet this year except for a few noted deals, could be opening up.

On Monday, Aixin Life International, a seller of nutritional products in China, lowered the proposed deal size for its upcoming IPO, according to Renaissance Capital. The company now plans to raise $7M in the sale of 1.8M shares at around $4 each. It previously planned to offer more shares for sale at that price.

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