US Equity Futures Higher Pre-Bell as Traders Monitor Oil Prices, Await September Jobs Report

According to Jinse Finance, it has been reported that Iambic Therapeutics (IAM.US), a biotechnology company developing small-molecule anti-cancer therapies based on its self-developed artificial intelligence (AI) platform and currently in Phase I clinical trials, announced its IPO terms on Thursday. The San Diego, California-based company plans to raise $150 million by offering 9.4 million shares at a price range of $15 to $17 per share. Some investors have already expressed their intention to purchase $60 million worth of shares in this offering, accounting for 40% of the deal. At the midpoint of the proposed price range, Iambic Therapeutics would have a fully diluted market value of $809 million.

According to information from Zhitong Finance APP, Amaero (AMRO.US), a producer specializing in titanium and refractory metal powders for 3D printing in the defense and aerospace sectors, has resumed its initial public offering (IPO) plans in the United States as of Thursday, submitting new documents to the U.S. Securities and Exchange Commission (SEC) revealing a reduced offering size. The company is currently listed on the Australian Securities Exchange and had previously attempted a cross-listing on Nasdaq in September, but postponed the listing due to unfavorable market conditions. The exact timing of the IPO remains undetermined.

(1) A statement indicates that, so far in October, the average daily coal supply to thermal power plants has increased by 9% compared to last month, while the pace of inventory consumption has also slowed down. (2) India's Ministry of Coal said on Friday that the situation is stabilizing, but restocking of inventories has not yet begun. (3) The ministry stated that in October, the average daily reduction in power plant inventory was 116,000 tons, compared to 243,000 tons in September. (4) On October 7, among the nearly 190 power plants monitored by the Ministry of Power, half had coal inventories below a quarter of their demand, categorizing them as in a critical inventory situation. (5) The Ministry of Coal said that maintaining 465 to 475 dedicated coal train shipments per day would help further stabilize supply and allow inventory replenishment ahead of the festival season and winter. (6) Peak electricity demand is expected to decline by mid-October.

Finnish Ministry of Finance: Finland will hold an auction of euro-denominated Treasury bills on October 13, with a maximum auction amount of 2 billions euros.