Nasdaq IPOs

Duck Creek Technologies, which provides a SaaS platform that streamlines business processes for P&C insurers, announced terms for its IPO on Friday. The Boston, MA-based company plans to raise $300 million by offering 15 million shares at a price range of $19 to $21. Insiders

IBEX, which provides outsourced customer support and marketing services, raised $90 million by offering 4.8 million shares (75% primary) at $19, below the range of $20 to $22. At pricing, the company commands a fully diluted market value of $358 million. IBEX plans to list on the

Freeline Therapeutics, a Phase 1/2 biotech developing gene therapies for hemophilia and rare diseases, raised $159 million by offering 8.8 million shares at $18, the high end of the range of $16 to $18. The Stevenage, UK-based company offered 1.5 million more shares than anticipa

Checkmate Pharmaceuticals, a clinical stage immuno-oncology biotech developing therapies for solid tumors, raised $75 million by offering 5 million shares at $15, within the range of $14 to $16. Checkmate Pharmaceuticals plans to list on the Nasdaq under the symbol CMPI. BofA Sec

ARYA Sciences Acquisition III, the third healthcare-focused blank check company formed by Perceptive Advisors, raised $130 million by offering 13 million shares at $10. The company offered 0.5 million more shares than anticipated. Unlike an ordinary SPAC, the company did not

PMV Consumer Acquisition, a blank check company formed by the Gabelli Group targeting the consumer industry, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. The Palm Beach, FL-based company plans to raise $175 million by offering 17.5 mil

Fortis Minerals LLC, an EnCap-backed owner of oil and gas mineral royalty interests in the southwestern US, withdrew its plans for an initial public offering on Thursday. It originally filed in September 2019 with an estimated deal size of $400 million. The Houston, TX-based comp

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

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