Nasdaq IPOs

Minority-owned firms (or diversity and inclusion firms) have played a growing role in initial public offerings (IPOs) in recent years, most notably with branded consumer companies with anticipated market capitalizations greater than $1 billion.

Minority-owned firms (or diversity and inclusion firms) have played a growing role in initial public offerings (IPOs) in recent years, most notably with branded consumer companies with anticipated market capitalizations greater than $1 billion.

BigCommerce (BIGC) and Rackspace (RXT) notched the year's best and worst first-day performances on Wednesday. IPO investors continue to pay up for high-quality, high-gross margin growth, awarding e-commerce platform BigCommerce a premium multiple to its peer median. On the o

Ucommune Group Holdings, a leading provider of shared work space in China, officially withdrew its plans for an initial public offering on Thursday. It originally filed in December 2019 with a proposed deal size of $100 million. Last month, the company announced that it had enter

Oak Street Health, which operates primary care health facilities for Medicare patients in the Midwest, raised $328 million by offering 15.6 million shares at $21, above the upwardly revised range of $19 to $20. The company originally planned to offer the same number of shares at

Acutus Medical, which manufactures devices for electrophysiological mapping to treat arrhythmias, raised $159 million by offering 8.8 million shares at $18, the high end of the range of $16 to $18. The company offered 1.5 million more shares than anticipated. Certain existing sha

Kismet Acquisition One, a blank check company formed by the former CEO of MegaFon targeting a Russian business, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company m

Gores Holdings V, the fifth blank check company formed by The Gores Group, raised $475 million by offering 47.5 million units at $10. The company offered 7.5 million more units than anticipated. Each unit consists of one share of common stock and one-fifth of a warrant, exer

Gores Holdings V, the fifth blank check company formed by The Gores Group, raised $475 million by offering 47.5 million units at $10. The company offered 7.5 million more units than anticipated. Each unit consists of one share of common stock and one-fifth of a warrant, exer

Rocket Companies, a leading mortgage lender operating under the Rocket and Quicken brands, raised $1.8 billion by offering 100 million shares at $18, below the range of $20 to $22. The company had originally planned to sell 150 million shares. Rocket Companies plans to list on th

PainReform, a Phase 2 Israeli biotech developing therapies for post-operative pain relief, announced terms for its IPO on Wednesday. The Herzliya, Israel-based company plans to raise $23 million by offering 2.6 million shares at a price range of $8 to $10. At the midpoint of the

With three SPAC offerings completed yesterday, the number of year-to-date SPAC IPOs has now exceeded the previous year's record breaking count. So far in 2020, 60 SPACs have raised $22.5 billion, all-time highs for both count and proceeds with nearly five months to go. To screen

Oak Street Health, which operates primary care health facilities for Medicare patients in the Midwest, raised the proposed range for its upcoming IPO on Wednesday. The Chicago, IL-based company now plans to raise $305 million by offering 15.6 million shares at a price range of $1

Broadstone Net Lease, a single-tenant commercial net lease REIT with 633 properties in the US and Canada, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to

NetSTREIT, a net lease REIT that manages single-tenant retail commercial properties, announced terms for its IPO on Wednesday. The Dallas, TX-based company plans to raise $310 million by offering 15.5 million shares (2% insider) at a price range of $19 to $21. At the midpoint of

Holicity, a blank check company formed by Pendrell executives focused on acquiring a TMT business, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share and one-third of a warrant, e

GO Acquisition, a blank check company formed by the founders of GLG Partners and Certares targeting the travel industry, raised $500 million by offering 50 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50

Rackspace Technology, a leading provider of cloud management services, raised $704 million by offering 33.5 million shares at $21, the low end of the range of $21 to $24. Rackspace was taken private by Apollo Global Management (NYSE: APO) in 2016. Rackspace Technology plans to li

BigCommerce Holdings, which provides a cloud-based platform for businesses to create online stores, raised $216 million by offering 9.0 million shares (76% primary) at $24, above the upwardly-revised range of $21 to $23. New investor Tiger Global had indicated on buying up t

Rackspace Technology, a leading provider of cloud management services, raised $704 million by offering 33.5 million shares at $21, the low end of the range of $21 to $24. Rackspace was taken private by Apollo Global Management (NYSE: APO) in 2016. Rackspace Technology plans to li