TSP News

2021 went down as a historic year for the IPO market, with both activity and proceeds reaching record levels. A lesser-known record: the explosion of early lock-up provisions. In effect, IPO insiders are now able to cash out earlier than ever. Key takeaways

• Once rare, early lock-up provisions exploded in 2021
• Tech IPOs account for most early...read more

IPO Market Sets Another Post-2000 Record in the Second Quarter The US IPO market delivered another landmark quarter in the 2Q21, with 115 IPOs raising $40.7 billion. It was the biggest quarter for IPOs in over two decades in terms of both deal count and proceeds, a record that was just broken last quarter. After a...read more

The IPO market revved back to life with nine IPOs raising $5.4 billion, joined by crypto exchange Coinbase’s direct listing. SPAC activity continued to decline, with just two raising $700 million. Pipeline activity held steady, with 10 IPOs, six SPACs, and one direct listing submitting initial filings. The first major direct listing on the Nasdaq, ...read more

TuSimple Holdings, which is developing autonomous driving technology for freight trucks, raised $1.4 billion by offering 33.8 million shares (20% secondary) at $40, above the range of $35 to $39. Cornerstone investors BlackRock, Fidelity, and Capital World Investors had indicated on a combined 10.1 million shares (30% of the deal). TuSimple has developed a fully integrated...read more