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US IPO Weekly Recap: Toast gets buttered up in a 13 IPO week

FRSH

It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products company Knowlton Development (KDC). The pipeline was fairly active, with seven IPOs and five SPACs...read more

Global money transfer firm Remitly prices IPO above the range at $43

RELY

Remitly Global, which provides a mobile payment service for international money transfers, raised $523 million by offering 12.2 million shares (42% secondary) at $43, above the range of $38 to $42. The company raised an additional $25 million in a concurrent private placement to existing shareholder PayU Global. Remitly states that it is a leading digital financial services...read more

US IPO Week Ahead: Software, consumer products, and payment tech lead a diverse 14 IPO week

FRSH

Summer may be over, but the IPO market is just heating up as 14 IPOs are slated to raise $5.3 billion in the week ahead. The diverse group includes software, consumer products, payment technology, and more. The largest deal of the week, Freshworks (FRSH) plans to raise $855 million at a $9.6 billion market cap. The company’s core product is its customer...read more

Global money transfer firm Remitly sets terms for $487 million IPO

RELY

Remitly Global, which provides a mobile payment service for international money transfers, announced terms for its IPO on Tuesday. The Seattle, WA-based company plans to raise $487 million by offering 12.2 million shares (42% secondary) at a price range of $38 to $42. The company plans to raise an additional $25 million in a concurrent private placement to existing shareholder PayU...read more