Twenty years ago, StubHub’s co-founder and CEO Eric Baker was ousted from his company, a fate he made sure to prevent this time around. Last week, StubHub (STUB) completed its long-anticipated public listing, and thanks to super-voting dual class...read more
7 sizable IPOs debuted this week, the most in nearly four years, joined by 3 SPACs. 10 IPOs and 6 SPACS submitting initial filings. Buy-now-pay-later e-commerce platform Klarna (KLAR) priced above its range to raise $1.4 billion at a market cap of...read more
Black Rock Coffee Bar, a drive-thru coffee chain with over 150 locations in the Western US, raised $294 million by offering 14.7 million shares at $20, above the range of $16 to $18. PE sponsor Cynosure Group planned to sell 73% of the offering via...read more
The fall IPO season is in full swing with seven sizable deals on the calendar for this week, a nearly four year record in weekly activity. The seven issuers aim to raise a combined $3.9 billion, led by a billion-dollar offering from fintech unicorn Klarna. ...read more
StubHub founder's 100-to-1 super-voting rights signal the return of dual class shares in the IPO market
Twenty years ago, StubHub’s co-founder and CEO Eric Baker was ousted from his company, a fate he made sure to prevent this time around. Last week, StubHub (STUB) completed its long-anticipated public listing, and thanks to super-voting dual class...read more
US IPO Weekly Recap: Klarna leads busiest week for IPOs since 2021, as more names join the pipeline
7 sizable IPOs debuted this week, the most in nearly four years, joined by 3 SPACs. 10 IPOs and 6 SPACS submitting initial filings. Buy-now-pay-later e-commerce platform Klarna (KLAR) priced above its range to raise $1.4 billion at a market cap of...read more
Coffee chain Black Rock Coffee prices IPO at $20, above the range
Black Rock Coffee Bar, a drive-thru coffee chain with over 150 locations in the Western US, raised $294 million by offering 14.7 million shares at $20, above the range of $16 to $18. PE sponsor Cynosure Group planned to sell 73% of the offering via...read more
The IPO market gears up for the most active week since 2021 with 7 deals
The fall IPO season is in full swing with seven sizable deals on the calendar for this week, a nearly four year record in weekly activity. The seven issuers aim to raise a combined $3.9 billion, led by a billion-dollar offering from fintech unicorn Klarna. ...read more