DTC News

The IPO market remained active this past week as 14 IPOs raised $6.3 billion. SPAC activity kept steady with 13 blank check IPOs raising $2.1 billion. New filers continued to pour into the IPO pipeline, with eight IPOs and seven SPACs submitting initial filings. Semiconductor foundry GlobalFoundries (GFS) priced at the high end to raise $2.6 billion at a $26...read more

Solo Brands, which sells branded smokeless fire pits and other outdoor gear, raised $219 million by offering 12.9 million shares at $17, the high end of the range of $14 to $17. Backed by Summit Partners, Solo Brands is a direct-to-consumer (DTC) platform that operates four premium outdoor lifestyle brands: Solo Stove, Chubbies apparel, Oru Kayak, and ISLE Paddle Boards. Solo...read more

Updated Monday, 10/25. The IPO market continues to stay busy with 15 IPOs schedule to raise $7.2 billion in the week ahead.   Semiconductor foundry GlobalFoundries (GFS) plans to raise $2.4 billion at a $24.6 billion market cap. Backed by Abu Dhabi’s Mubadala, US-based GlobalFoundries is one of the world’s leading specialty...read more

Solo Brands, which sells branded fire pits, camp stoves, and other outdoor gear, announced terms for its IPO on Wednesday. The Southlake, TX-based company plans to raise $200 million by offering 12.9 million shares at a price range of $14 to $17. At the midpoint of the proposed range, Solo Brands would command a market value of $1.5 billion. Solo Brands is a direct-to-consumer...read more