THRN News

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

Thorne Healthtech, which offers a suite of personalized dietary supplements, raised $70 million by offering 7 million shares at $10, the low end of the downwardly revised range of $10 to $11. The company originally planned to offer 9 million shares at a range of $13 to $15, before revising the terms on Wednesday. Thorne Healthtech states that it is a science-driven wellness...read more

Thorne Healthtech, which offers a suite of personalized dietary supplements, lowered the proposed deal size for its upcoming IPO on Wednesday. The New York, NY-based company now plans to raise $74 million by offering 7 million shares at a price range of $10 to $11. The company had previously filed to offer 9 million shares at a range of $13 to $15. At the midpoint of the revised...read more

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