QTNA News

Sequoia Capital the is the largest shareholder of Chinese credit platform Jianpu Technology (JT), which begins trading on the NYSE on Thursday. The big kahuna of Silicon Valley has been the #1 investor of 6 US IPOs since 2015. While its three IPOs from 2015 to 2016...read more

Six IPOs raised $2.3 billion this past week, including the year's largest US offering, China's logistics giant ZTO Express. ZTO priced above the range and proceeded to drop 15% on its first day, highly unusual given its pricing premium, size and origin. In fact, all four of this week's broken IPOs raised more proceeds than expected. The IPO market's one bright spot...read more

Quantenna Communications, a fabless designer of next-generation chipsets for high-speed Wi-Fi networks, raised $107 million by offering 6.7 million shares at $16, the high end of the range of $14 to $16. Quantenna Communications plans to list on the Nasdaq under the symbol QTNA. Morgan Stanley, Barclays and Deutsche Bank acted as lead managers on the deal....read more

Six companies are on the US IPO calendar to raise $2.2 billion in the week ahead, or $2.6 billion including a large SPAC. October is set to surpass September as the year's most active month for IPOs. Filing activity has slowed heading into November, as expected.

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