AIHS News

As expected, the year's first unicorn was a winner. Cybersecurity provider Zscaler (ZS) priced well above its range and shot up 106% on its debut. That's good news for next week's...read more

Senmiao Technology, an early-stage Chinese marketplace for peer-to-peer lending, raised $12 million by offering 3.0 million shares at $4.00, the low end of the range of $4.00 to $4.50. At $4.00, the company commands an IPO market cap of $102 million and an enterprise value of $90 million. During the LTM period, it booked $0.2 million in revenue and a net loss of $0.7 million. ...read more

Senmiao Technology, an early-stage Chinese marketplace for peer-to-peer lending, announced terms for its IPO on Tuesday. The Chengdu, China-based company plans to raise $14 million by offering 3.3 million shares at a price range of $4.00 to $4.50. At the midpoint of the proposed range, Senmiao Technology would command a market value of $109 million. Senmiao Technology was...read more

Average first day pops ranged from -41% to +41% as nine deals raised a combined $2.1 billion this week. High-end software provider Altair was the top performer, returning 41% on its market debut, as investors valued its sticky customer base and track record of profitability. On the other end of the spectrum, Funko fell 41% on its...read more