STEP 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

StepStone Group, a global private markets investment firm, raised $315 million by offering 17.5 million shares at $18, above the range of $15 to $17. At pricing, the company raised 13% more proceeds than anticipated. StepStone Group plans to list on the Nasdaq under the symbol STEP. J.P. Morgan, Goldman Sachs, Morgan Stanley, Barclays and UBS Investment Bank acted as lead...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

StepStone Group, a global private markets investment firm, announced terms for its IPO on Wednesday. The New York, NY-based company plans to raise $280 million by offering 17.5 million shares at a price range of $15 to $17. At the midpoint of the proposed range, StepStone Group would command a fully diluted market value of $1.6 billion. StepStone Group was founded in 2007...read more