UPST News

In another active week for the IPO market, eight companies completed offerings, with the largest and most anticipated IPO, Wish (WISH), putting on an underwhelming performance. Surprisingly, this came alongside the best performing IPO of 2020 as Wunong Net Technology (WNW) traded up over 1,450% in its first few days on the market. Returns for...read more

Upstart Holdings, which operates an online consumer lending platform connecting banks and individuals, raised $240 million by offering 12 million shares (75% primary) at $20, the low end of the range of $20 to $22. Existing shareholder Third Point Ventures had indicated on 1.2 million shares in the offering. At pricing, the company raised 5% less in proceeds than anticipated. ...read more

Updated Monday, 12/14. Six IPOs and five SPACs are scheduled to raise $2.8 billion in the week ahead as the IPO market starts to slow down before the holidays. Bargain e-commerce platform Wish (WISH) plans to raise $1.1 billion at a $16.4 billion market cap. The company provides an e-commerce platform that connects primarily China-based...read more

Upstart Holdings, a leading cloud-based consumer lending platform, announced terms for its IPO on Friday. The San Mateo, CA-based company plans to raise $252 million by offering 12 million shares (25% insider) at a price range of $20 to $22. At the midpoint of the proposed range, Upstart Holdings would command a fully diluted market value of $1.9 billion. Upstart provides...read more