OM News

In the busiest week yet for the 2020 IPO market, 15 IPOs raised $8.7 billion. Snowflake (SNOW) took the spotlight, completing the largest software IPO ever and bagging the biggest billion-dollar pop in two decades. Eight SPACs joined the week’s diverse group of IPOs. The year’s largest IPO to date, Snowflake (SNOW) priced above...read more

Outset Medical, which provides a hemodialysis system for kidney diseases, raised $242 million by offering 9 million shares at $27, well above the range of $22 to $24. The company offered 1.4 million more shares than anticipated. At pricing, the company raised 38% more in proceeds than expected. Outset Medical plans to list on the Nasdaq under the symbol OM. BofA Securities,...read more

Updated Monday, 9/14. The post-Labor Day IPO frenzy is here as 14 IPOs plan to raise $7.8 billion in the coming week, led by cloud data unicorn Snowflake (SNOW). It is expected to be the biggest week for the IPO market by proceeds since May 2019, when Uber went public, and the most deals in a week since 2014. The largest deal of the...read more

Outset Medical, which provides a hemodialysis system for kidney diseases, announced terms for its IPO on Wednesday. The San Jose, CA-based company plans to raise $175 million by offering 7.6 million shares at a price range of $22 to $24. At the midpoint of the proposed range, Outset Medical would command a fully diluted market value of $1.0 billion. Outset Medical was...read more