MRAI News

The IPO market remained active this past week as 14 IPOs raised $6.3 billion. SPAC activity kept steady with 13 blank check IPOs raising $2.1 billion. New filers continued to pour into the IPO pipeline, with eight IPOs and seven SPACs submitting initial filings. Semiconductor foundry GlobalFoundries (GFS) priced at the high end to raise $2.6 billion at a $26...read more

Marpai, a managed health plan platform for self-insured employers, raised $25 million by offering 6.25 million shares at $4, as expected. The company had originally filed to raise the same amount by offering 2.8 million shares at a range of $8 to $10, before cutting the proposed terms on Monday. Marpai aims to create the healthcare payer of the future for self-insured employers by...read more

Marpai, a managed health plan platform for self-insured employers, lowered the proposed deal size for its upcoming IPO on Monday. The Tampa, FL-based company now plans to raise $25 million by offering 6.3 million shares at $4. The company had previously filed to offer 2.8 million shares at a range of $8 to $10. At the revised deal size, Marpai will raise the same amount of proceeds...read more

The Fall IPO market is expected to stay busy with eight IPOs schedule to raise $1.9 billion in the week ahead. Software development platform GitLab (GTLB) plans to raise $598 million at a $9.4 billion market cap. This founder-led company provides an end-to-end DevOps platform to accelerate the software development cycle from weeks to minutes and enable rapid,...read more