ELVT News

Sequoia Capital the is the largest shareholder of Chinese credit platform Jianpu Technology (JT), which begins trading on the NYSE on Thursday. The big kahuna of Silicon Valley has been the #1 investor of 6 US IPOs since 2015. While its three IPOs from 2015 to 2016...read more

This week saw a diverse group of four IPOs price to generally positive reactions, three had double-digit returns. Okta (OKTA) was the latest high-growth, high-loss software company to go public this year and like the others it had a stellar performance, closed Friday up 39% after pricing at the high-end of the range (software IPOs have averaged 42% first day...read more

Elevate Credit, an online provider of loans and lines of credits to non-prime consumers, expects to raise $81 million by offering 12.4 million shares at $6.50. It originally planned to offer 7.7 million shares at a range of $12 to $14. Elevate Credit plans to list on the NYSE under the symbol ELVT. UBS Investment Bank, Credit Suisse, Jefferies, Stifel and William Blair acted as...read more

Five IPOs are set to raise a combined $1.5 billion in the next week. Each company in this diverse group is targeting raising over $100 million. Two transportation companies are marketing the largest deals: Brazilian airline Azul is set to raise $478 million as the first airline with a US IPO since 2014 and family-owned US trucker Schneider is...read more