JOAN News

A total of 32 companies entered the public market this past week, with the week’s 7 IPOs joined by one direct listing and 24 SPACs. In the largest US IPO of the year to date, Coupang (CPNG) upsized and priced above the upwardly revised range to raise $4.6 billion at a $62.9 billion market cap. The largest e-commerce player in Korea, Coupang nearly...read more

JOANN, a multi-channel fabric and crafts retailer with 855 stores, raised $131 million by offering 10.9 million shares (50% insider) at $12, far below the range of $15 to $17. At pricing, JOANN commands a fully diluted market value of $505 million. JOANN operates a nationwide network of sewing, fabrics, and arts and crafts retail stores, leveraged by an online digital platform....read more

Updated Monday, 3/8. Seven IPOs and one direct listing are currently scheduled for the week ahead. Korean e-commerce giant Coupang (CPNG) plans to raise $3.4 billion at a $51.0 billion market cap. A leading player in its market, the company nearly doubled revenue in 2020 and has expanded its margins in recent years. Coupang is unprofitable, and...read more

JOANN, a multi-channel fabric and crafts retailer with about 860 stores, announced terms for its IPO on Thursday. The Hudson, OH-based company plans to raise $175 million by offering 10.9 million shares (50% insider) at a price range of $15 to $17. At the midpoint of the proposed range, JOANN would command a fully diluted market value of $679 million. JOANN operates a...read more