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Renaissance Capital’s July IPO Market Update

HOOD

55 IPOs raised $15.5 billion in the most active July since 1999 and the biggest for proceeds ever. The month’s IPOs were joined by 26 SPACs. Healthcare was the most active sector with 25 IPOs, mostly biotechs, as well as medical device makers and health service providers. Robinhood Markets produced the largest deal, raising $2.1 billion. The month’s IPOs averaged a 9%...read more

US IPO Weekly Recap: Life sciences, software, and more ride the summer wave in a 19 IPO week

ABSI

IPO activity continued at a record pace this past week with 19 IPOs, marking the fourth week in 2021 with at least 17 US IPOs, the most since the year 2000. With the August lull around the corner, the pipeline saw less activity than usual; five IPOs and 13 SPACs submitted initial filings. Protein therapy platform Absci (ABSI) priced at the midpoint to raise...read more

LBO'd water infrastructure company Core & Main prices IPO at $20 low end

CNM

Core & Main, a leading distributor of pipes and other industrial water infrastructure products, raised $698 million by offering 34.9 million shares at $20, the low end of the range of $20 to $23. Core & Main is a distributor of water infrastructure products that connects 4,500 suppliers to over 60,000 municipal, non-residential, and residential customers. The company...read more

US IPO Week Ahead: Software, soft drinks, specialty insurance, and more debut in a 19 IPO week

RYAN

Updated Monday, 7/19. The IPO market’s breakneck pace is expected to continue in the week ahead, with a whopping 19 IPOs slated to raise $5.2 billion. The largest deal of the week, specialty insurance brokerage Ryan Specialty Group (RYAN) plans to raise $1.3 billion at a $6.1 billion market cap. The company assists in the placement of hard...read more