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Fintech SPAC South Mountain Merger prices upsized IPO at $10

SMMCU

South Mountain Merger, a blank check company led by former CardConnect executives and focused on the fintech industry, raised $225 million by offering 22.5 million shares at $10. The company had originally filed to raise $200 million. Each unit consists of one share of the company's Class A common stock and one half of one warrant; whole warrants are exercisable at $11.50 per...read more

US IPO Week Ahead: No IPOs during the final week of the August lull

VNTR

There are no IPOs scheduled to price in the week ahead. While nothing is currently on the calendar, expect that to change after Labor Day, when recent filers start launching. With just five IPOs this month (six, including the one SPAC), August 2017 will be the slowest August since 2011. Quiet Period The quiet periods for two recent IPOs are set to expire...read more

US IPO Weekly Recap: Two IPOs start off the annual August lull

VNTR

Two IPOs raised a combined $574 million this past week and notched modest gains. Pigments supplier Venator Materials raised $454 million and ultra-rare bone disease biotech Clementia Pharmaceuticals raised $120 million. July 2017 was the ...read more

US IPO Weekly Recap: First 2 IPOs of the year launch as unicorn AppDynamics gallops ahead

IPO

The first IPOs of 2017 are on the calendar. AppDynamics set terms this past week, becoming the first tech unicorn to launch in 2017.  ...read more