IPW News

The IPO market had a tumultuous week with five IPOs and three postponements: Brazilian customer service platform Zenvia (ZENV), mortgage insurance spinoff Enact Holdings (ACT), and hearing care services provider hear.com (HCG). SPAC activity remained steady, with two blank check IPOs raising $430 million. New filers continued...read more

iPower, an online hydroponic equipment supplier, raised $17 million by offering 3.4 million shares at $5, below the range of $7 to $9. The company offered 0.4 million more shares than anticipated. It originally planned to offer 5 million shares at a range of $9 to $11, before revising the terms last week.  The company believes that it is one of the largest online...read more

Updated Monday, 5/10. Eight IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance company Enact Holdings (ACT). The largest deal of the week, Enact Holdings (ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private...read more

iPower, an online hydroponic equipment supplier, lowered the proposed deal size for its upcoming IPO on Friday. The Duarte, CA-based company now plans to raise $24 million by offering 3 million shares at a price range of $7 to $9. The company had previously filed to offer 5 million shares at a range of $9 to $11. At the midpoint of the revised range, iPower will raise -52% less...read more