ZETA 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

10 IPOs and nine SPACs went public this past week as the IPO market continues to heat up heading into summer. The IPO pipeline stayed active as well, with 12 IPOs and seven SPACs submitting initial filings. Payment card platform Marqeta (MQ) priced above the range to raise $1.2 billion at a $15.4 billion market cap. Marqeta provides an open API platform for...read more

Zeta Global Holdings, which offers a customer data platform with automated marketing and advertising tools, raised $215 million by offering 21.5 million shares (31% insider) at $10, the low end of the range of $10 to $12. The company originally filed to offer 22.7 million shares (31% inside) at the same range. At pricing Zeta commands a fully diluted market value of $1.9 billion, 9%...read more

Updated Monday, 6/7. Nine IPOs are currently slated to raise $3.9 billion, featuring digital payments, mental health services, and more. Payments platform Marqeta (MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or...read more