SOPA News

It was another busy week for the IPO market as 15 new issuers went public, with Rivian (RIVN) in the spotlight. The pre-revenue electric truck developer became the largest IPO of 2021, raising nearly $12 billion in the largest IPO since Alibaba (NYSE: BABA) in 2014, and popped 29% in its public debut. Rivian Automotive (RIVN) upsized and priced...read more

Society Pass, which acquires and operates e-commerce platforms in South Asia, raised $26 million by offering 2.9 million shares at $9, the midpoint of the $8 to $10 range. Headquartered in Carson City, NV, with its operating subsidiary in Singapore, Society Pass acquires and operates e-commerce platforms through its subsidiaries, which form the Society Pass Group. The Group...read more

Society Pass, which acquires and operates e-commerce platforms in South Asia, announced terms for its IPO on Monday. The Carson City, NV-based company plans to raise $26 million by offering 2.9 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Society Pass would command a market value of $188 million. Society Pass acquires and operates...read more

Society Pass, which acquires and operates e-commerce platforms in South Asia, filed an amendment on Thursday with the SEC disclosing plans to raise up to $18 million. It originally filed on July 20, 2021, with a proposed deal size of less than $5 million, which made it ineligible for tracking. Society Pass acquires and operates e-commerce platforms through its subsidiaries, which...read more