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Bright Green to flashing red: 2022's first direct listing plummets after explosive early trading


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 more

Updated: Renaissance Capital's 2020 US IPO Market Review


The IPO Market Has the Best of Times in the Worst of Times 2020 was a year to forget for many people, but it was unforgettable for IPO investors who benefitted from both the number of IPOs and their outsized average returns. While the COVID-19 pandemic sent global markets into a nosedive in March, the IPO more

US IPO Weekly Recap: IPOs, SPACs, and direct listings, oh my!


A total of 29 companies entered the public market this past week, the most ever in a single week. The week’s 11 IPOs were joined by 15 SPACs and three direct listings. Notable new IPO filings included TPG-backed antivirus provider McAfee (MCFE), Vista Equity’s IT software provider Datto (MSP), and three mortgage companies. more

Updated: Renaissance Capital's 3Q 2020 US IPO Market Review


IPO Frenzy Drives Busiest Third Quarter Since 2000 The US IPO market had its busiest third quarter by deal count since the Dot-com era, with 81 IPOs raising $28.5 billion. The high volume combined with several large deals resulted in the largest quarter by proceeds in six years. IPOs performance remained strong, more