GTYHU News

Six IPOs raised $2.3 billion this past week, including the year's largest US offering, China's logistics giant ZTO Express. ZTO priced above the range and proceeded to drop 15% on its first day, highly unusual given its pricing premium, size and origin. In fact, all four of this week's broken IPOs raised more proceeds than expected. The IPO market's one bright spot...read more

GTY Technology Holdings, a blank check company formed by the former CEOs of Accenture and EMC to acquire a technology business, raised $480 million by offering 48 million shares at $10. The company originally planned to raise $300 million, but increased its deal size to $400 million last week. GTY Technology Holdings plans to list on the Nasdaq under the symbol GTYHU. Citi acted...read more

Six companies are on the US IPO calendar to raise $2.2 billion in the week ahead, or $2.6 billion including a large SPAC. October is set to surpass September as the year's most active month for IPOs. Filing activity has slowed heading into November, as expected.

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GTY Technology Holdings, a blank check company formed by the former CEOs of Accenture and EMC to acquire a technology business, raised the proposed deal size for its upcoming IPO on Monday. The Las Vegas, NV-based company now plans to raise $400 million by offering 40 million units at a price of $10. The company had previously filed to offer 30 million shares the same price. At...read more