WEAV News

Customer engagement has been a common buzzword in the 2021 IPO market. A dozen issuers have sold investors on the roles of digital transformation and personalization in the changing marketing landscape, and two more are making their pitches this week. Braze (BRZE) and UserTesting (USER) are the latest to jump on the IPO trend. Both companies...read more

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

Weave Communications, which provides a customer communication and engagement platform for SMBs, raised $120 million by offering 5 million shares at $24, below the range of $25 to $28. Existing shareholders Pelion Venture Partners, Crosslink Capital, and Lead Edge Capital had indicated on $20 million worth of shares in the offering (17% of the deal). Weave states that it is a...read more

The IPO market is expected to stay busy with 11 IPOs schedule to raise $10.2 billion in the week ahead.   Electric truck developer Rivian Automotive (RIVN) plans to raise $8.0 billion at a $57.1 billion market cap. This founder-led company is developing and manufacturing a portfolio of electric adventure-ready consumer and commercial SUVs, vans, and pickup...read more