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US IPO Weekly Recap: Coronavirus vaccine developer CureVac pops 249% in a 4 IPO week

CVAC

Four IPOs and six SPACs entered the public markets this past week led by CureVac (CVAC), which posted the largest first-day pop for a US IPO since 2005. German biotech CureVac (CVAC) raised $213 million at a $2.8 billion market cap and soared 249% on its first day of trading. With a portfolio of mRNA-based therapies and vaccines, the company developing a...read more

Diversified retail REIT NetSTREIT prices downsized IPO at $18, below the range

NTST

NetSTREIT, a net lease REIT that manages single-tenant retail commercial properties, raised $225 million by offering 12.5 million shares (98% primary) at $18, below the range of $19 to $21. The company offered 3 million fewer shares than anticipated. At pricing, the company commands a fully diluted market value of $574 million including redeemable OP Units. NetSTREIT plans to...read more

US IPO Week Ahead: The IPO market takes a breather in a 4 IPO week

BEKE

Updated Monday, 8/10 After an active July, the US IPO market is taking a breather. Three companies are scheduled to raise $2.5 billion in the week ahead, led by Chinese real estate giant KE Holdings (BEKE). KE Holdings (BEKE), China's largest housing platform operating under the Lianjia and Beike brands, plans to raise $1.9 billion at a $20.7...read more

Diversified retail REIT NetSTREIT sets terms for $310 million IPO

NTST

NetSTREIT, a net lease REIT that manages single-tenant retail commercial properties, announced terms for its IPO on Wednesday. The Dallas, TX-based company plans to raise $310 million by offering 15.5 million shares (2% insider) at a price range of $19 to $21. At the midpoint of the proposed range, NetSTREIT would command a fully diluted market value of $554 million.  ...read more