ESMT News

It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products company Knowlton Development (KDC). The pipeline was fairly active, with seven IPOs and five SPACs...read more

EngageSmart, which provides SaaS solutions for invoicing, payments, and health practice management, raised $378 million by offering 14.6 million shares (11% secondary) at $26, above the range of $23 to $25. EngageSmart provides single instance, multi-tenant, SaaS customer engagement software and integrated payments solutions across five core verticals: Health & Wellness,...read more

Summer may be over, but the IPO market is just heating up as 14 IPOs are slated to raise $5.3 billion in the week ahead. The diverse group includes software, consumer products, payment technology, and more. The largest deal of the week, Freshworks (FRSH) plans to raise $855 million at a $9.6 billion market cap. The company’s core product is its customer...read more

EngageSmart, which provides SaaS solutions for invoicing, payments, and health practice management, announced terms for its IPO on Monday. The Braintree, MA-based company plans to raise $349 million by offering 14.6 million shares (11% insider) at a price range of $23 to $25. New investor Dragoneer Investment Group has indicated on 2.1 million shares, or 14% of the offering. At...read more