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US IPO Weekly Recap: Chinese fintech AMTD Digital leads a 3 IPO week

HKD

Three Chinese issuers and a nano-cap began trading this past week. Fintech spin-off AMTD Digital (HKD) led the group with its $125 million deal, a rare feat in a year that has only produced a dozen $100+ million IPOs. In the pipeline, four small IPOs and one SPAC submitted initial filings. The most notable news came from thrift store chain ...read more

Human capital management platform Justworks withdraws $214 million IPO

JW

Justworks, which provides an outsourced payroll and human resources software platform to SMBs, withdrew its plans for an initial public offering on Wednesday. It had planned to raise $214 million by offering 7 million shares at a price range of $29 to $32, but ...read more

US IPO Weekly Recap: Ivanhoe Electric completes the first major US IPO in over a month

IE

After delaying its debut, Ivanhoe Electric (IE) completed the first major US IPO since mid-May in the week’s sole listing. Just one IPO and one SPAC submitted initial filings. Ivanhoe Electric priced at the bottom of the range to raise $169 million at a $1.1 billion market cap, and plans to dual list on the NYSE American and the TSX. Focused on American...read more

Money makers: The 2022 IPO market puts profitability back on a pedestal

CRBG

Over the last decade, a rising number of companies have come to the IPO market with heavy losses. But for many issuers looking to go public in 2022, profitability will be a prerequisite. There are several factors behind the decade-long increase in unprofitable IPOs. IPO investors at the beginning of last decade were more cautious as markets recovered from the Great Recession. More...read more