MLNK News

The 2021 US IPO market continues to break records. 20 IPOs went public this past week, the most in a single week since the year 2000. New filers have slowed ahead of the August lull, with just one IPO submitting an initial filing. Three issuers postponed, citing either volatility or market conditions: vehicle battery maker Clarios International (BTRY), specialty...read more

MeridianLink, which provides a digital lending platform to mid-market financial institutions, raised $343 million by offering 13.2 million shares (24% secondary) at $26, the high end of the range of $24 to $26. The selling shareholders sold 1.2 million more shares than anticipated. New investor Darlington Partners Capital Management had indicated on $50 million worth of shares in...read more

Updated Monday, 7/26. After another week of record activity, the IPO market is expected to remain hot with 25 IPOs scheduled for the week ahead. If all scheduled IPOs begin trading as expected, it would be the busiest week for the US IPO market in more than two decades. Long-awaited retail brokerage Robinhood Markets (HOOD) plans to raise $2.2...read more

MeridianLink, which provides cloud-based software solutions for financial institutions, announced terms for its IPO on Monday. The Costa Mesa, CA-based company plans to raise $300 million by offering 12 million shares (17% secondary) at a price range of $24 to $26. New investor Darlington Partners Capital Management has indicated on up to $50 million worth of shares in the offering...read more