Renaissance Capital logo

COUP News

US IPO Weekly Recap: Another tech IPO pops in a week with 6 IPOs

COUP

Six companies went public, making it the year's second most-active week. Coupa Software was the latest software IPO to price above its range and pop on the first day (+85%) as IPO investors continue to embrace high growth and strong margins, offered at a discount to public peers. Three large PE-backed IPOs also traded up this week (12% on average), while the week's two smallest...read more

Big Spenders! Coupa Software prices IPO at $18, the high end of the range

COUP

Coupa Software, which provides cloud-based software that helps enterprises manage their spend, raised $133 million by offering 7.4 million shares at $18, the high end of the range of $16 to $18. Coupa Software plans to list on the Nasdaq under the symbol COUP. Morgan Stanley, J.P. Morgan, Barclays and RBC Capital Markets acted as lead managers on the deal....read more

Super Coupa: Coupa Software raises deal size ahead of IPO

COUP

Coupa Software, which provides cloud-based software that helps enterprises manage their spend, raised the proposed deal size for its upcoming IPO on Tuesday. The San Mateo, CA-based company now plans to raise $126 million by offering 7.4 million shares at a price range of $16 to $18. The company had previously filed to offer 6.7 million shares at a range of $14 to $16. At the...read more

US IPO Week Ahead: Seven deals slotted to raise $1 billion total

FMAX

Coming off a strong end to the third quarter, October is set to get off to a quick start with seven deals on the calendar in the week ahead. Investors will undoubtedly be paying close attention to the next notable tech deal, Coupa Software (COUP), which comes on the heels of strong third quarter performance for tech deals (+66% on average) and...read more