PRCT News

The US IPO Index has plummeted 51% year-to-date, in the IPO market’s sharpest sell-off since at least the 2008 Global Financial Crisis. Of the 397 traditional IPOs in 2021, only 12% are trading above issue. Rampant speculation and near-zero interest rates helped fuel sky-high valuations last year, but with inflation at a 40-year high, the US Fed has begun to rapidly tighten...read more

The IPO market was full steam ahead this past week as 11 IPOs came to market. SPAC activity remained steady with seven blank check IPOs. New filers continue to pour into the IPO pipeline, with 15 IPOs and eight SPACs submitting initial filings. Tech consultancy Thoughtworks (TWKS) raised $774 million at a $7.0 billion market cap. This agile software developer...read more

PROCEPT BioRobotics, which makes a surgical robotic system for minimally-invasive urologic surgery, raised $164 million by offering 6.6 million shares at $25, above the range of $22 to $24. The company offered 1.1 million more shares than anticipated. PROCEPT BioRobotics is a commercial-stage surgical robotics company focused on advancing patient care by developing transformative...read more

Updated Monday, 9/13. After a wave of launches in the short holiday week, 11 IPOs are scheduled to raise over $3 billion in the week ahead. Tech consultancy Thoughtworks (TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more...read more