Renaissance Capital logo

FHL News

US IPO Weekly Recap: A pair of jeans and a decacorn

LEVI

After more than 30 years, iconic jeans brand Levi Strauss & Co.  (LEVI) returned the public market this week, along with UP Fintech Holding (TIGR) and another SPAC, Insurance Acquisition (ILSUU). Photo sharing platform Pinterest (PINS) filed for an IPO that we...read more

IPO of the Tiger: UP Fintech prices US offering above the range at $8

TIGR

UP Fintech Holding, an online brokerage focused on global investors in China, raised $104 million by offering 13 million ADSs at $8, above the range of $5 to $7.  UP Fintech Holding, also known as Tiger Brokers, plans to list on the Nasdaq under the symbol TIGR. Citi and Deutsche Bank acted as lead managers on the deal. ...read more

US IPO Weekly Recap: Two growth IPOs pop

SWAV

Growth IPOs are finally coming to market, and IPO investors are profiting. ShockWave Medical (SWAV) priced above the range and jumped 79% on its debut, the best first-day pop since Elastic (ESTC) in October (+94%). While it is relatively early stage ($12mm in LTM sales), the company's cardiovascular device has shown advantages over competitors, and its products have...read more

Futu Holdings prices IPO at $12, the high end of the range

FHL

Futu Holdings, which is a fast-growing low-commission online brokerage in China, raised $90 million by offering 7.5 million shares at $12, the high end of the range of $10 to $12. Futu Holdings plans to list on the Nasdaq under the symbol FHL. Goldman Sachs (Asia), UBS Investment Bank and Credit Suisse acted as lead managers on the deal....read more