DRVN News

In another busy week for the IPO market, eight IPOs and 24 SPACs went public, headlined by two billion-dollar deals. Activity shows no sign of letting up as 18 IPOs and 23 SPACs submitted initial filings. Casino game developer Playtika Holding (PLTK) priced above the range to raise $1.9 billion at an $11.4 billion market cap. The company is a leading...read more

Driven Brands Holdings, North America's largest automotive services company with more than 4,100 locations, raised $700 million by offering 31.8 million shares at $22, above the range of $17 to $20. The company offered 6.2 million fewer shares than anticipated. At pricing, the company commands a fully diluted market value of $3.6 billion. Driven Brands Holdings plans to list on...read more

Eight IPOs are scheduled to raise $4.3 billion in the week ahead, featuring the year’s first billion-dollar offering from mobile game developer Playtika (PLTK). Playtika Holding (PLTK) plans to raise $1.6 billion at a $9.7 billion market cap. The company is a leading developer of mostly casino-based mobile games, producing nine of the...read more

Driven Brands Holdings, North America's largest automotive services company with more than 4,100 locations, announced terms for its IPO on Thursday. The Charlotte, NC-based company plans to raise $703 million by offering 38 million shares at a price range of $17 to $20. At the midpoint of the proposed range, Driven Brands Holdings would command a fully diluted market value of...read more