GTLB News

In October 2021, 40 IPOs raised $12.3 billion, joined by 53 SPACs that raised $9.1 billion. Healthcare dominated activity, accounting for 17 of the month’s IPOs, with technology close behind at 12 deals. Leading US semiconductor foundry GlobalFoundries raised $2.6 billion, the third-largest IPO of the year so far. The month’s IPOs averaged a 12% return from offer, with...read more

The IPO market remained active this past week as seven IPOs raised $2.1 billion. SPAC activity kept steady with 10 blank check IPOs raising $1.6 billion. New filers continued to pour into the IPO pipeline, with 12 IPOs and nine SPACs submitting initial filings. Software development platform GitLab (GTLB) priced above the upwardly revised range to raise $801...read more

GitLab, which provides software development and collaboration tools for programmers, raised $801 million by offering 10.4 million shares (19% secondary) at $77, well above the upwardly revised range of $66 to $69. The company originally planned to offer shares at $55 to $60, before raising the range on Tuesday. GitLab offers The DevOps Platform, a single application that brings...read more

Founder-led GitLab (GTLB) provides an end-to-end DevOps platform to accelerate the software development cycle from weeks to minutes and enable rapid, continuous updates. Seeking to replace inefficiently integrated point solutions, GitLab's platform provides one system of record for the entire DevOps lifecycle with highly integrated tools, including its legacy core...read more