PWSC News

55 IPOs raised $15.5 billion in the most active July since 1999 and the biggest for proceeds ever. The month’s IPOs were joined by 26 SPACs. Healthcare was the most active sector with 25 IPOs, mostly biotechs, as well as medical device makers and health service providers. Robinhood Markets produced the largest deal, raising $2.1 billion. The month’s IPOs averaged a 9%...read more

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

PowerSchool Holdings, which provides a comprehensive software suite to the K-12 education market, raised $711 million by offering 39.5 million shares at $18, the low end of the range of $18 to $20. New investors Canada Pension Plan Investment Board and Select Equity Group had indicated on $350 million worth of shares in the offering. PowerSchool is a leading provider of...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