ACT News

The IPO market was full steam ahead this past week as 11 IPOs came to market. SPAC activity remained steady with seven blank check IPOs. New filers continue to pour into the IPO pipeline, with 15 IPOs and eight SPACs submitting initial filings. Tech consultancy Thoughtworks (TWKS) raised $774 million at a $7.0 billion market cap. This agile software developer...read more

Enact Holdings, a private mortgage insurance company being spun out of Genworth Financial, raised $253 million by offering 13.3 million shares (100% secondary) at $19, the low end of the range of $19 to $20. Bayview Asset Management agreed to purchase 14.7 million shares (100% secondary) in a concurrent private placement. Enact states that it is a leading private mortgage...read more

Enact Holdings, a private mortgage insurance company being spun out of Genworth Financial, announced terms for its IPO on Monday. The company previously postponed its $497 million IPO in May 2021.  The Raleigh, NC-based company now plans to raise $260 million by offering 13.3 million shares (100% secondary) at a price range of $19 to $20, down from its previous terms of 22.6...read more

Updated Monday, 9/13. After a wave of launches in the short holiday week, 11 IPOs are scheduled to raise over $3 billion in the week ahead. Tech consultancy Thoughtworks (TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more...read more