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AI is the IPO market's next buzzword


Major advancements in artificial intelligence (AI) have attracted billions of dollars in new investment, and the IPO market has taken notice. The percentage of US IPOs referencing AI in their prospectuses has climbed in each of the past six years, and leapt to 54% in the year-to-date period. These references range from explanations of how a company uses AI, its plans to adopt more

Updated: Renaissance Capital's 2Q 2021 US IPO Market Review


IPO Market Sets Another Post-2000 Record in the Second Quarter The US IPO market delivered another landmark quarter in the 2Q21, with 115 IPOs raising $40.7 billion. It was the biggest quarter for IPOs in over two decades in terms of both deal count and proceeds, a record that was just broken last quarter. After more

US IPO Weekly Recap: UiPath’s billion-dollar deal leads a 12 IPO Week


12 IPOs raised $3.7 billion this past week, led by software maker UiPath (PATH), which raised more than $1 billion in its public debut. The pipeline remained active, with 11 IPOs and one direct listing submitting initial filings. SPAC activity continued to decline, with no pricings for the first week ever in 2021 and just four new filings. The largest more

Software maker UiPath prices IPO at $56, above the upwardly revised range


UiPath, which provides software for robotic process automation, raised $1.3 billion by offering 23.9 million shares (61% insider) at $56, above the upwardly revised range of $52 to $54. The company originally planned to offer 21.3 million shares (68% insider) at a range of $43 to $50, before revising the terms on Monday. UiPath provides a set of capabilities more