NAPA News

In a record year for the IPO market, the consumer sector is set to post its busiest year in at least two decades, with restaurants and food and beverage companies taking center stage. The newest group to take advantage of the boom are bringing hot dogs, coconut water, and wine to the IPO market in the coming week. Restaurant chain Portillo’s (PTLO), known...read more

The IPO market stayed busy this past week, with 11 IPOs raising $3.0 billion. The week’s IPOs were joined by 24 SPACs that raised $8.4 billion. New filers continued to fill the IPO pipeline, with 8 IPOs and 46 SPACs submitting initial filings. Chinese IoT platform developer Tuya (TUYA) priced above the range to raise $915 million at an $11.8 billion...read more

The Duckhorn Portfolio, which produces and distributes luxury wine in North America, raised $300 million by offering 20 million shares (33% secondary) at $15, within the range of $14 to $16. Based in Napa Valley, Duckhorn produces and sells a portfolio of luxury wines in all 50 states and over 50 countries at prices ranging from $20 to $200 per bottle, distributing brands that...read more

Updated Monday, 3/15. The IPO market starts to pick back up with 10 IPOs scheduled to raise $2.5 billion in the week ahead. Chinese IoT platform developer Tuya (TUYA) plans to raise $806 million at a $10.4 billion market cap. Tuya’s platform offers PaaS and SaaS to over 5,000 customers for the development, management, and monetization of...read more