IBEX News

The IPO market is expected to remain active in the week ahead with nine IPOs scheduled to raise $2.7 billion.  Canadian digital service provider TELUS International (TIXT) plans to raise $800 million at a $6.4 billion market cap. The company provides customer service outsourcing and end-to-end customer experience and digital technology solutions and...read more

Eight IPOs and nine SPACs entered the public markets this past week led by BigCommerce (BIGC), which soared 201% in the best first-day pop for an IPO over $100 million in 15 years. E-commerce platform BigCommerce (BIGC) priced above the upwardly revised range to raise $216 million at a $1.8 billion market cap. With accelerating growth and...read more

IBEX, which provides outsourced customer support and marketing services, raised $90 million by offering 4.8 million shares (75% primary) at $19, below the range of $20 to $22. At pricing, the company commands a fully diluted market value of $358 million. IBEX plans to list on the Nasdaq under the symbol IBEX. Citi, RBC Capital Markets, Baird, Truist Securities and Piper...read more

Updated Monday, 8/3. Eight IPOs and one SPAC are scheduled to raise $4.8 billion in the week ahead, with Rocket Mortgage parent Rocket Companies (RKT) slated to complete the year’s largest US IPO to date. Several companies could join the IPO calendar in the week ahead, including net lease REIT NetSTREIT (NTST), oncology...read more