MRX News

Eighteen IPOs raised a combined $5.3 billion in April, above the 10-year historical average by deal count and proceeds (16 IPOs, $3.7B). It was the busiest month for both overall new issuance and $100+ million IPOs since November 2021. Nine deals raised $100 million or more, led by the billion-dollar offering of cruise operator Viking (VIK). Large VC-backed tech...read more

Six IPOs debuted this past week, four of which were included on our stats, and two IPOs submitted initial filings. Enterprise data management and security platform Rubrik (RBRK) priced its upsized IPO above the range to raise $752 million at a $6.6 billion market cap. Its Rubrik Security Cloud platform delivers a cloud native SaaS platform that detects, analyzes,...read more

Marex Group, a UK commodities broker and trading services firm, raised $292 million by offering 15.4 million shares (75% secondary) at $19, within the range of $18 to $21. A new investor had indicated on $50 million worth of shares in the offering (17% of the deal). Marex is a diversified global financial services platform that provides critical services to clients across energy,...read more

The summer IPO market is on the horizon, and despite the latest bout of volatility, we expect a gradual pickup in new issuance in the coming months. After the strong rally in IPO returns last year, recent trading has been muted overall, but a few sectors have delivered solid performance amid broader market turbulence. ...read more