ZH News

In a turbulent week for the IPO market, 17 IPOs and 20 SPACs went public, and one company postponed, defense contractor Leonardo DRS (DRS). While returns cooled off, with just over half of the week’s IPOs finishing below issue, there were a few bright spots, led by biotechs Design Therapeutics (DSGN) and Ikena Oncology...read more

Zhihu, a Chinese question-and-answer platform, raised $523 million by offering 55 million ADSs at $9.50, the low end of the range of $9.50 to $11.50. The company raised an additional $250 million in a concurrent private placement to Alibaba, JD.com, Tencent, and Lilith Games. Zhihu is the largest Q&A-inspired online community and one of the top five comprehensive...read more

Updated Monday, 3/22. 15 IPOs are currently scheduled to raise $5.7 billion in the week ahead as IPO activity continues to pick up. The diverse group spans six sectors and includes cleaning products, defense technology, low-cost TVs, crafting machines, and more. Cleaning products maker Diversey Holdings (DSEY) plans to raise $900 million at a $5...read more

Zhihu, a Chinese question-and-answer platform, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $578 million by offering 55 million ADSs at a price range of $9.50 to $11.50. The company plans to raise an additional $250 million in a concurrent private placement to Alibaba, JD.com, Tencent, and Lilith Games. At the midpoint of the...read more