BRZE News

During November, 34 IPOs raised $17.6 billion, the IPO market's biggest November since 1999. Blank check companies continued to gain momentum, as 60 SPACs raised $11.1 billion. The most active sector was technology, which accounted for 11 of the month's IPOs and included a mix of consumer engagement software, cloud storage, and crypto mining. Familiar consumer brands like Hertz,...read more

The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. 12 SPACs also priced. Two deals failed to get done: childcare giant KinderCare (KLC) postponed, and Canada-listed Sangoma Technologies (SANG) terminated its proposed US offering. New issuers continued to join the pipeline in preparation for...read more

Braze, which provides a cross-channel customer engagement platform, raised $520 million by offering 8 million shares (16% secondary) at $65, above the range of $55 to $60. Braze states that it is a leading comprehensive customer engagement platform that powers customer-centric interactions between consumers and brands. Using Braze's platform, brands ingest and process customer...read more

Customer engagement has been a common buzzword in the 2021 IPO market. A dozen issuers have sold investors on the roles of digital transformation and personalization in the changing marketing landscape, and two more are making their pitches this week. Braze (BRZE) and UserTesting (USER) are the latest to jump on the IPO trend. Both companies...read more