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US IPO Week Ahead: Online insurance platform plans largest US IPO since February

SLQT

Updated Monday 5/18 The largest US IPO since February, a SPAC, and a medical device company IPO are on the calendar for the week ahead. SelectQuote (SLQT), an online platform for comparing and purchasing insurance, plans to raise $450 million at a $3.0 billion market cap. The deal marks the largest IPO by a US company since PPD's (PPD) $1.6...read more

US IPO Weekly Recap: Time for semiconductors as SiTime pops 44% in 3-IPO week

SITM

Three companies entered the public market, including the first two semiconductor IPOs in two years, and all priced at the low end in another week marked by mark-downs. They were joined by five SPACs, the most SPACs in a week, ever. Chinese debt collector YX Asset Recovery (YXR) postponed then withdrew its $81 million US IPO, the first of the 4Q19’s China...read more

Retail and office REIT Alpine Income Property Trust prices IPO at $19 low end

PINE

Alpine Income Property Trust, a single-tenant commercial net lease REIT formed by Consolidated-Tomoka, raised $143 million by offering 7.5 million shares at $19, the low end of the range of $19 to $21, to command a market value of $173 million. Alpine Income Property Trust plans to list on the NYSE under the symbol PINE. Raymond James, Baird, B. Riley FBR, and BMO Capital Markets...read more

US IPO Week Ahead: IPO market cashes in on crypto as Canaan leads 5-IPO week

CAN

Five IPOs and two SPACs plan to raise $634 million in the week ahead. One of the leading makers of cryptocurrency mining equipment, Canaan (CAN) plans to raise $100 million at a $1.6 billion market cap. It originally filed to raise $400 million (and in 2018 was rumored to be targeting over $1 billion). The #2 player in the space, Canaan has shown that...read more