GO News

The US IPO Index has plummeted 51% year-to-date, in the IPO market’s sharpest sell-off since at least the 2008 Global Financial Crisis. Of the 397 traditional IPOs in 2021, only 12% are trading above issue. Rampant speculation and near-zero interest rates helped fuel sky-high valuations last year, but with inflation at a 40-year high, the US Fed has begun to rapidly tighten...read more

Slack's (WORK) widely-covered direct listing was hailed as a success. Slack opened on Thursday at $38.50, well above the NYSE's "reference price" of $26, and more than triple its last round less than a year ago. And yet, new public investors ended the week with losses. The stock closed Friday at $37.22, down 3.3% from the opening trade. With millions of users...read more

Grocery Outlet Holdings, which operates a network of more than 300 independently run discount grocery stores, raised $378 million by offering 17.2 million shares at $22, above the upwardly-revised range of $18 to $19. The company originally filed to offer shares at a range of $15 to $17. Grocery Outlet plans to list on the Nasdaq under the symbol GO. BofA Merrill Lynch,...read more

Grocery Outlet Holdings, which operates a network of more than 300 independently run discount grocery stores, raised the proposed deal size for its upcoming IPO on Tuesday. The Emeryville, CA-based company now plans to raise $318 million by offering 17.2 million shares at a price range of $18 to $19, up from a range of $15 to $17. At the midpoint of the revised range, Grocery...read more