FA News

16 IPOs went public in another active week for the IPO market, led by digital physicians network Doximity (DOCS), which soared 104% in its debut. The week’s IPOs were joined by four SPACs, as well as one postponement, Chinese social networking platform Soulgate (SSR). Doximity (DOCS) priced above the range to raise...read more

First Advantage, which provides background checks and other services to corporate customers, raised $383 million by offering 25.5 million shares (22% from selling shareholders) at $15, the high end of the range of $13 to $15. The company had originally filed to sell 21.25 million shares (16% from selling shareholders) before increasing both the primary and secondary components of...read more

Updated Monday, 6/21/21. 17 IPOs are scheduled to raise $6.3 billion in the week ahead, led by two billion-dollar deals. Chinese freight platform Full Truck Alliance (YMM) plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights,...read more

First Advantage, which provides technology solutions for human capital management, announced terms for its IPO on Monday. The Atlanta, GA-based company plans to raise $298 million by offering 21.3 million shares (16% insider) at a price range of $13 to $15. At the midpoint of the proposed range, First Advantage would command a fully diluted market value of $2.1 billion. ...read more