OB News

IPO activity continued at a record pace this past week with 19 IPOs, marking the fourth week in 2021 with at least 17 US IPOs, the most since the year 2000. With the August lull around the corner, the pipeline saw less activity than usual; five IPOs and 13 SPACs submitted initial filings. Protein therapy platform Absci (ABSI) priced at the midpoint to raise...read more

Outbrain, which provides an online content marketing platform, raised $160 million by offering 8 million shares at $20, below the range of $24 to $26. Outbrain states that it pioneered the online content recommendation category. Today, its platform enables over 7,000 online properties, helping them engage their users and monetize their visits by gathering over 1 billion data...read more

Updated Monday, 7/19. The IPO market’s breakneck pace is expected to continue in the week ahead, with a whopping 19 IPOs slated to raise $5.2 billion. The largest deal of the week, specialty insurance brokerage Ryan Specialty Group (RYAN) plans to raise $1.3 billion at a $6.1 billion market cap. The company assists in the placement of hard...read more

Outbrain, which provides an online content marketing platform, announced terms for its IPO on Wednesday. The New York, NY-based company plans to raise $200 million by offering 8 million shares at a price range of $24 to $26. The Baupost Group intends to purchase 9.9% of shares in the offering. At the midpoint of the proposed range, Outbrain would command a fully diluted market...read more