EXFY News

During November, 34 IPOs raised $17.6 billion, the IPO market's biggest November since 1999. Blank check companies continued to gain momentum, as 60 SPACs raised $11.1 billion. The most active sector was technology, which accounted for 11 of the month's IPOs and included a mix of consumer engagement software, cloud storage, and crypto mining. Familiar consumer brands like Hertz,...read more

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

Expensify, which provides a cloud-based expense management software platform for SMBs, raised $263 million by offering 9.7 million shares (73% secondary) at $27, the high end of the upwardly revised range of $25 to $27. The company originally planned to offer 9.7 million shares at $23 to $25, before raising the range on Monday. Expensify is a cloud-based expense management software...read more

Expensify, which provides a cloud-based expense management software platform for SMBs, raised the proposed deal size for its upcoming IPO on Monday. The Portland, OR-based company now plans to raise $253 million by offering 9.7 million shares (73% secondary) at a price range of $25 to $27. The company had previously filed to offer the same number of shares at a range of $23 to $25...read more