BLND News

After a slow start to the month, the IPO market revved back to life with 13 IPOs coming to market this past week. SPAC activity picked up, with seven blank check IPOs raising $940 million. New filers continued to flood the IPO pipeline, with fourteen IPOs and nine SPACs submitting initial filings.   Italian drug container supplier Stevanato Group (STVN)...read more

Blend Labs, which provides a digital platform for lenders to offer mortgages and consumer loans, raised $360 million by offering 20 million shares at $18, the high end of the range of $16 to $18. Blend Labs' growing suite of products currently powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit...read more

Updated Monday, 7/12. After a slow holiday week, 15 IPOs are scheduled to raise nearly $4 billion in the week ahead. A handful of SPACs should also price. Italian drug container supplier Stevanato Group (STVN) plans to raise $900 million at a $6.8 billion market cap. Controlled by its founding family, the profitable company supplies glass vials,...read more

Blend Labs, which provides a digital platform for consumer banking, announced terms for its IPO on Tuesday. The San Francisco, CA-based company plans to raise $340 million by offering 20 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Blend Labs would command a fully diluted market value of $4.5 billion. Blend Labs' growing suite...read more