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Altice's ad-tech platform Teads withdraws $751 million IPO

TEAD

Teads, a spin-off of Altice's programmatic ad platform for advertisers and publishers, withdrew its plans for an initial public offering on Thursday. It originally filed to raise $751 million by offering 38.5 million shares (100% insider) at a price range of $18 to $21, before postponing the offering at the end of July. Teads operates a cloud-based, end-to-end platform that...read more

US IPO Weekly Recap: Biotechs pop and Robinhood flops in a record 20 IPO week

ICVX

The 2021 US IPO market continues to break records. 20 IPOs went public this past week, the most in a single week since the year 2000. New filers have slowed ahead of the August lull, with just one IPO submitting an initial filing. Three issuers postponed, citing either volatility or market conditions: vehicle battery maker Clarios International (BTRY), specialty...read more

Teads postpones $751 million IPO

TEAD

Teads, a spin-off of Altice's programmatic ad platform for advertisers and publishers, postponed its IPO on Thursday. It had filed to raise $751 million by offering 38.5 million shares (100% secondary) at a price range of $18 to $21. The Amsterdam, Netherlands-based company was founded in 2006 and booked $571 million in sales for the 12 months ended March 31, 2021. It had planned...read more

US IPO Week Ahead: Robinhood’s billion-dollar deal headlines a 25 IPO week

HOOD

Updated Monday, 7/26. After another week of record activity, the IPO market is expected to remain hot with 25 IPOs scheduled for the week ahead. If all scheduled IPOs begin trading as expected, it would be the busiest week for the US IPO market in more than two decades. Long-awaited retail brokerage Robinhood Markets (HOOD) plans to raise $2.2...read more