FTCI News

The IPO market stayed active this past week with seven IPOs raising $1.9 billion. One company withdrew ahead of its expected pricing, specialty insurer The Fortegra Group (FRF). SPAC activity picked up slightly, with three blank check IPOs raising $560 million. New filers took a breather, with six IPOs and five SPACs submitting initial filings. Entertainment...read more

FTC Solar, which provides utility-scale advanced solar tracker systems, raised $258 million by offering 19.8 million shares (40% synthetic secondary) at $13, well below the range of $18 to $20. At pricing, the company commands a fully diluted market value of $1.3 billion. FTC is a global provider of solar tracker systems, supported by proprietary software and...read more

Updated Monday, 4/26. With the end of April on the horizon, seven IPOs are currently slated to raise $2.2 billion in the week ahead. The diverse group features a home care provider, a talent agency, and more. Home care provider Aveanna Healthcare Holdings (AVAH) plans to raise $650 million at a $3.2 billion market cap. Aveanna’s clinical...read more

FTC Solar, which provides advanced solar tracker systems, announced terms for its IPO on Monday. The Austin, TX-based company plans to raise $350 million by offering 18.4 million shares (43% synthetic secondary) at a price range of $18 to $20.  At the midpoint of the proposed range, FTC Solar would command a fully diluted market value of $1.9 billion and an enterprise...read more