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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

Hiring solutions provider Sterling Check prices IPO above the range at $23

STER

Sterling Check, which provides tech-enabled background screening and identity verification services, raised $329 million by offering 14.3 million shares (67% secondary) at $23, above the range of $20 to $22. Sterling Check offers comprehensive hiring and risk management solutions including identity verification, criminal background screening, credential verification, and drug and...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

Hiring solutions provider Sterling Check sets terms for $300 million IPO

STER

Sterling Check, which provides tech-enabled background screening and identity verification services, announced terms for its IPO on Monday. The New York, NY-based company plans to raise $300 million by offering 14.3 million shares (67% secondary) at a price range of $20 to $22. At the midpoint of the proposed range, Sterling Check would command a fully diluted market value of $2.1...read more