CMTG News

November kicked off with a 12 IPO week and shoe brand Allbirds (BIRD) was at the front of the flock, posting a first-day pop of 93%. 23 SPACs also went public. New issuers continued to join the pipeline, with five IPOs and 13 SPACs submitting initial filings. Two issuers postponed this past week: Russian car-sharing firm Delimobil (DMOB) and...read more

Claros Mortgage Trust, a commercial mortgage REIT focused on transitional commercial real estate assets, raised $103 million by offering 5.5 million shares at $18.65, the low end of the range of $18.65 to $19.65. The company offered 1.5 million fewer shares than anticipated. It plans to issue a quarterly dividend of all or substantially all of its REIT taxable income. Claros is a...read more

Updated Monday, 11/1. The IPO market has seen double digit offerings for the past two weeks, and is scheduled to continue its streak, with 13 IPOs expected to raise $2.7 billion. Drug discovery company Evotec (EVO) plans to raise $576 million at a $9.2 billion market cap. The company aims to accelerate and improve the efficiency of the drug discovery...read more

Claros Mortgage Trust, a commercial mortgage REIT focused on transitional commercial real estate assets, announced terms for its IPO on Tuesday. The New York, NY-based company plans to raise $134 million by offering 7 million shares at a price range of $18.65 to $19.65. At the midpoint of the proposed range, Claros Mortgage Trust would command a market value of $2.7...read more