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US IPO Week Ahead: An empty calendar and a quiet week for the IPO market

ACI

There are no IPOs scheduled for the week ahead. The most likely April IPOs Despite the encouraging market rally this past week, the Renaissance IPO Volatility Index is still about double the five-year average and few companies have filed, indicating the IPO market’s slow April will continue. April’s headline IPO could come from grocery giant...read more

US IPO Week Ahead: Just 1 biotech is on the calendar in a slow week for the IPO market

ETNB

After a busy week in the IPO market, just one biotech is scheduled to go public in the week ahead. NASH biotech 89bio (ETNB) plans to raise $85 million at a $225 million market cap. The company’s target indication represents a multi-billion-dollar market with no FDA-approved therapy; consequently, there are ...read more

Challenging IPO market causes October deals to price down

ZM

Disappointing returns have made investors especially sensitive to the valuations of new IPOs. Along with a broad contraction in high-flying growth stocks (e.g. ZM, PD), many of the year's most high-profile, highly-valued growth IPOs have lost 20% or more since listing (UBER, LYFT, WORK, SDC, PTON). In October, 6 out of the 17 IPOs have priced below the range, or...read more

US IPO Weekly Recap: Post’s BellRing Brands pops 17% in a 4-IPO week

BRBR

Two companies and two SPACs entered the public market this week, while Karat Packaging (KRAT) postponed and withdrew its $40 million IPO. Two companies and one SPAC submitted initial filings. Post spin-off BellRing Brands (BRBR) priced its $480 million IPO well below the range to command a $1.8 billion market cap (-17% v. original midpoint). BellRing came...read more