GMM News

Five companies priced IPOs this week, led by Birkenstock’s (BIRK) $1.5 billion offering. Three small issuers submitted initial filings. Birkenstock priced its IPO just below the midpoint to raise $1.5 billion at an $8.6 billion market cap, making it one of the largest consumer discretionary IPOs of the past two decades. Cornerstone...read more

Global Mofy Metaverse, a Chinese provider of virtual content and digital marketing services, raised $6 million by offering 1.2 million shares at $5, the midpoint of the range of $4.50 to $5.50. The company engages in virtual content production, digital marketing, and digital assets development for the metaverse industry utilizing its proprietary "Mofy Lab" technology platform...read more

The IPO market’s tech unicorn drought ended this past week, with grocery deliver platform Instacart (CART) and marketing SaaS company Klaviyo (KVYO). Despite the fanfare leading up to their big debuts, reception was lackluster. Both issuers opened well above their IPO prices on the first day but fell from there, and trading was mixed...read more

Updated Monday, 9/18. Five deals are currently on the calendar for the week ahead, led by the IPO market’s first US tech unicorns in nearly two years. After raising the range on Friday, grocery delivery platform...read more