Renaissance Capital logo

GNLN News

Vice stocks get a lump of coal: Cannabis and vaping IPOs are among the worst of 2019

SNDL

Two "vice" stocks are among the worst-performing IPOs of 2019. Canadian cannabis producer Sundial Growers (SNDL) is down 82% from its IPO. Greenlane Holdings (GNLN), a national distributor of vape products, is down 84%. ...read more

US IPO Weekly Recap: All IPOs up or flat in an 8-IPO week led by Pinterest and Zoom

ZM

Despite losing a day, this has been the busiest week of the year for IPOs with 8 IPOs raising $8.9 billion led by  Zoom Video (ZM), which popped 72% on its first day of trading after raising $751 million in an IPO that priced above its upwardly revised range. Zoom's first day performance marks the biggest first day return for a decacorn since 2013.  ...read more

US IPO Week Ahead: Pinterest and Zoom headline year's busiest week with 8 IPOs

PINS

A whopping eight IPOs plan to raise $2.5 billion ahead of the Easter holiday weekend, the busiest week of the 2019 IPO market. Year-to-date, 26 IPOs have raised $6.6 billion. While April won't have much pricing activity after this week, May already looks busy, with 12 new filings this past week, including Uber (UBER). Aside from this week's headliner tech...read more

Vaporization products distributor Greenlane Holdings sets terms for $80 million IPO

GNLN

Greenlane Holdings, a national distributor of vaporization products and accessories, announced terms for its IPO on Monday. The Boca Raton, FL-based company plans to raise $80 million by offering 5.3 million shares (13% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Greenlane Holdings would command a market value of $620 million. Greenlane...read more