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US IPO Weekly Recap: Coinbase’s direct listing headlines a 9 IPO week

COIN

The IPO market revved back to life with nine IPOs raising $5.4 billion, joined by crypto exchange Coinbase’s direct listing. SPAC activity continued to decline, with just two raising $700 million. Pipeline activity held steady, with 10 IPOs, six SPACs, and one direct listing submitting initial filings. The first major direct listing on the Nasdaq, ...read more

Disposable packaging provider Karat Packaging prices IPO below the range at $16

KRT

Karat Packaging, which produces single-use food packaging, raised $63 million by offering 4 million shares at $16, below the range of $18 to $20. Karat is a specialty distributor and select manufacturer of environmentally-friendly disposable foodservice products and related items. Its products are available in plastic, paper, biopolymer-based, and other compostable forms,...read more

US IPO Week Ahead: Coinbase direct-lists in a 5 IPO week

COIN

Five IPOs are scheduled to raise $4.5 billion in the week ahead, joined by Coinbase’s widely anticipated direct listing. Digital banking platform Coinbase (COIN) will be the Nasdaq’s first major direct listing, with an estimated market value at listing of more than $50 billion. The company operates a platform that allows individuals and...read more

Disposable packaging provider Karat Packaging sets terms for $75 million IPO

KRT

Karat Packaging, which produces single-use food packaging, announced terms for its IPO on Wednesday. The Chino, CA-based company plans to raise $75 million by offering 4 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Karat Packaging would command a fully diluted market value of $368 million. Karat is a specialty distributor and...read more