GLBE News

2022's broad sell-off in growth stocks has hit the IPO market especially hard, and last year’s best-performing IPOs are no exception. Of the top 10 best-performing IPOs at the end of last year, all but one have traded down in 2022, and half are now trading below issue. The table below contains the 10 names featured in our ...read more

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

Global-E Online, which provides a platform for cross-border e-commerce, raised $375 million by offering 15 million shares at $25, the high end of the range of $23 to $25. New investor Dragoneer Investment Group had indicated on 2 million shares on the offering.  Global-E Online plans to list on the Nasdaq under the symbol GLBE. Goldman Sachs, Morgan Stanley and Jefferies...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