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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

Magnetic RAM hopes to attract investors: Everspin Technologies prices upsized IPO below range at $8

MRAM

Everspin Technologies, which provides magnetoresistive random access memory (MRAM) chips, raised $40 million by offering 5 million shares at $8. Everspin Technologies plans to list on the Nasdaq under the symbol MRAM. Stifel and Needham & Co. acted as lead managers on the deal....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

Magnetic memory: Everspin Technologies, a memory chip provider, sets terms for $45 million IPO

MRAM

Everspin Technologies, a provider of magnetic-based random access memory, announced terms for its IPO on Monday. The Chandler, AZ-based company plans to raise $45 million by offering 3.8 million shares at a price range of $11 to $13. At the midpoint of the proposed range, Everspin Technologies would command a fully diluted market value of $133 million. Everspin...read more