CINT News

It was another busy week for the IPO market as 15 new issuers went public, with Rivian (RIVN) in the spotlight. The pre-revenue electric truck developer became the largest IPO of 2021, raising nearly $12 billion in the largest IPO since Alibaba (NYSE: BABA) in 2014, and popped 29% in its public debut. Rivian Automotive (RIVN) upsized and priced...read more

CI&T, a Brazilian provider of outsourced IT development services, raised $196 million by offering 13 million shares (15% secondary) at $15, the low end of the range of $15 to $17. The company originally planned to offer 19.4 million shares (43% secondary), before lowering the offering size on Tuesday. CI&T believes it is differentiated by its value-add strategy, design and...read more

CI&T, a Brazilian provider of outsourced IT development services, lowered the proposed deal size for its upcoming IPO on Tuesday. The São Paulo, Brazil-based company now plans to raise $209 million by offering 13 million shares (15% secondary) at a price range of $15 to $17. The company had previously filed to offer 19.4 million shares (43% secondary) at a range of $17...read more

The IPO market is expected to stay busy with 11 IPOs schedule to raise $10.2 billion in the week ahead.   Electric truck developer Rivian Automotive (RIVN) plans to raise $8.0 billion at a $57.1 billion market cap. This founder-led company is developing and manufacturing a portfolio of electric adventure-ready consumer and commercial SUVs, vans, and pickup...read more