Alliance Laundry Holdings Inc.

Phoenix Education Partners, Inc.

Europe saw its largest IPO since 2022: security company Verisure floated its securities and they jumped 21% in early trading. Leading laundry equipment maker Alliance Laundry successfully debuted in New York after an $826 million offering. Nasdaq has recently become a favorite platform for IPOs of "penny stocks" and, despite criticism, continues to approve such listings, according to The Wall Street Journal. The main IPO market news for October 12 - in our selection.

Europe's largest listing since 2022 and criticism of Nasdaq: What's important about the IPO by October 12

The Wisconsin-based manufacturer, which has a 40% North American market share, will use the proceeds to repay debt and fund expansion