FLGC News

The IPO market had a tumultuous week with five IPOs and three postponements: Brazilian customer service platform Zenvia (ZENV), mortgage insurance spinoff Enact Holdings (ACT), and hearing care services provider hear.com (HCG). SPAC activity remained steady, with two blank check IPOs raising $430 million. New filers continued...read more

Flora Growth, a Canadian developer of low-cost cannabis products in Colombia, raised $17 million by offering 3.3 million shares at $5, the high end of the range of $4 to $5. Flora cultivates and processes natural medicinal-grade cannabis oil and high quality cannabis-derived medical and wellbeing products that it intends to supply to large channel distributors, including...read more

Updated Monday, 5/10. Eight IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance company Enact Holdings (ACT). The largest deal of the week, Enact Holdings (ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private...read more

Following some turbulence in the IPO market, eight IPOs are scheduled to raise $3.0 billion in the shortened holiday week. Online real estate brokerage Compass (COMP) plans to raise $882 million at a $12.5 billion market cap. Compass provides a platform for real estate agents to manage and deliver service to seller and buyer clients. Fast growing but...read more