CRCT News

In a turbulent week for the IPO market, 17 IPOs and 20 SPACs went public, and one company postponed, defense contractor Leonardo DRS (DRS). While returns cooled off, with just over half of the week’s IPOs finishing below issue, there were a few bright spots, led by biotechs Design Therapeutics (DSGN) and Ikena Oncology...read more

Cricut, which makes smart machines used for crafting and DIY, raised $306 million by offering 15.3 million shares (13% secondary) at $20, the low end of the range of $20 to $22. Cricut's versatile connected machines, design apps, and accessories and materials allow its community of 3.7 million users to make personalized crafts. Along with its machines, the company also...read more

Updated Monday, 3/22. 15 IPOs are currently scheduled to raise $5.7 billion in the week ahead as IPO activity continues to pick up. The diverse group spans six sectors and includes cleaning products, defense technology, low-cost TVs, crafting machines, and more. Cleaning products maker Diversey Holdings (DSEY) plans to raise $900 million at a $5...read more

Cricut, which makes smart machines used for crafting and DIY, announced terms for its IPO on Tuesday. The South Jordan, UT-based company plans to raise $322 million by offering 15.3 million shares (13% insider) at a price range of $20 to $22. At the midpoint of the proposed range, Cricut would command a fully diluted market value of $4.7 billion. Cricut's versatile...read more