Intriguing IPOs: Titan America (TTAM) and Karman Holdings (KRMN)

From a business dating back millennia to the next frontier.

The Starry Night, Vincent Van Gogh, 1889, oil on canvas (Museum of Modern Art)

I know I’ve only been following IPOs closely for a few years, but one thing I’ve noticed so far this year. Quite a few companies are going public at higher prices than the initial offering. When Metsera (NASDAQ: MTSR) went public last week, its IPO was priced almost 40% higher than what it was looking for.

Combine that with an increased rate of IPOs, and this part of the market is much more intriguing than when the only things going public were companies that reeked of deceptive behavior.

One company going public today, Karman Holdings (NYSE: KRM), also got an IPO price well above its initial range. So let’s take a look at Karman and a spinoff from one of the world's largest cement companies, Titan America (NYSE: TTAM). Both of which have their merits (and warts).

Let’s dig in.

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