ZIP News

Last month, early-stage US cannabis producer Bright Green (BGXX) completed the first direct listing of 2022, and began trading on the Nasdaq at a market cap of more than $1 billion. Despite registering nearly 100% of its shares, Bright Green has traded like the often low float, “pop-and-drop” IPOs that have become commonplace this year. The company...read more

In May, 23 IPOs raised $5.8 billion, joined by direct listings ZipRecruiter and Squarespace, along with 18 SPACs. Including the direct listings, technology was the most active sector with eight deals, featuring several platforms supporting payments and e-commerce. Healthcare stayed active with seven IPOs, mostly biotechs. Swedish oat milk brand Oatly produced the largest deal,...read more

Six IPOs raised $1.8 billion ahead of the short holiday week, joined by one direct listing and five SPACs. Returns bounced back after tumultuous trading earlier this month, with the week’s deals all finishing above issue. New filers began to flood the summer IPO pipeline, with 19 IPOs and eight SPACs submitting initial filings. Healthcare apparel brand FIGS...read more

ZipRecruiter's NYSE reference price has been set at $18 ahead of its direct listing. At that price, the company would command a fully diluted market value of $2.3 billion.  The New York, NY-based company plans to list on the NYSE today under the symbol ZIP. The NYSE reference price does not reflect an offering price, or the opening price for ZipRecruiter's shares....read more