REFI News

A number of IPO lock-up agreements are set to expire next week, including for VC-backed HashiCorp and Samsara, the last major deals of 2021. As a result of these lock-up expirations, hundreds of millions of shares held by insiders will become eligible for sale. Lock-ups can sometimes represent an important trading event, which Rivian (RIVN)...read more

After a quiet start to the month, the IPO market picked up slightly with three IPOs this past week, joined by 21 SPACs. The pipeline stayed relatively quiet, with just two IPOs and six SPACs submitting initial filings. Brazil-based Nu Holdings (NU) priced at the high end of downwardly revised range to raise $2.6 billion at a $43.4 billion market cap. Operating as...read more

Chicago Atlantic Real Estate Finance, a newly-formed commercial mortgage REIT focused on the cannabis industry, raised $100 million by offering 6.3 million shares at $16, the low end of the range of $16 to $18. Chicago Atlantic Real Estate Finance is a newly-formed commercial real estate finance company whose objective is to originate, structure, and invest in first mortgage...read more

The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion. Buffett-backed Nu Holdings (NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since...read more