SHOP News

BigCommerce Holdings, which provides a cloud-based platform for businesses to create online stores, raised $216 million by offering 9.0 million shares (76% primary) at $24, above the upwardly-revised range of $21 to $23. New investor Tiger Global had indicated on buying up to 20% of the IPO.  The company had originally filed to to offer 6.9 million shares (100%...read more

Tech IPOs see a hard road in 2016: Higher volatility, lower returns, contracting multiples 2015 saw the lowest tech IPO activity since 2009, and 2016 is not looking much better. The VIX Volatility Index rose again this week - it has remained above 20 almost every day this year. Consumer-focused tech and internet names like Twitter (TWTR; -32%...read more

The Renaissance IPO Index (Ticker: IPOUSA), the underlying index for the Renaissance IPO ETF (Ticker: IPO), will implement the following constituent changes at the market’s close on Friday, December 18, 2015: Additions: Antero Midstream Partners LP Ares...read more

The later in 2015 that a company has filed, the more likely it is that it will price down in its IPO. In 2015, 168 IPOs have raised $29.5 billion, pricing an average of -4.8% below their midpoints. Before Labor Day, 35% of 131 deals priced below the range; after Labor Day, 70% of 37 deals did. It has been a tough year for the IPO market overall, but perhaps...read more