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Aleph brings digital advertising to the IPO market with February's first filing

ALEF

Between poor returns and the normal February lull, the IPO pipeline has been relatively quiet. This week, a digital advertising firm broke the silence with the month’s first US IPO filing. Dubai-based Aleph Group (ALEF) filed on Monday for a deal we estimate could raise up to $300 million, the first issuer to file for a $100+ million US IPO in several...read more

US IPO Week Ahead: The IPO market takes a break during the shortened holiday week

OZON

The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and a few SPACs scheduled to raise at least $900 million. Russian e-commerce company Ozon Holdings (OZON) plans to raise $750 million at a $4.4 billion market cap. Backed by private equity firm Baring Vostok and Russian conglomerate Sistema, Ozon is a direct play on the...read more

US IPO Weekly Recap: Big fintechs fall as 11 IPOs squeeze in ahead of the election

LU

Eleven IPOs and nine SPACs priced this past week, getting out ahead of the US election. Markets tumbled and volatility spiked, as several deals broke issue and three IPOs postponed. The diverse group had very mixed trading, and averaged a return of 9.9%. New filings kept steady with six IPOs and five SPACs (...read more

MediaAlpha prices IPO at $19 midpoint

MAX

MediaAlpha, which provides an automated digital ad buying platform for the insurance industry, raised $176 million by offering 9.3 million shares at $19, the midpoint of the range of $18 to $20. MediaAlpha plans to list on the NYSE under the symbol MAX. J.P. Morgan, Citi, Credit Suisse, RBC Capital Markets, Canaccord Genuity and William Blair acted as joint bookrunners on the deal...read more