The IPO Buzz: Toast Tops a $5.2 Billion Week

Most IPO investors want  Toast, Inc. (TOST proposed) for breakfast this week. Bankers expect to raise about $5.24 billion from “a baker’s dozen” of deals. Twelve of this week’s 13 deals are traditional IPOs while one is a NASDAQ uplift. Toast, a payments software system that caters to the restaurant industry, helped its restaurant clientele survive the pandemic by offering innovations..

Read more September 19, 2021

IPO Calendar

Company Symbol proposed Lead Managers Shares (Millions) Price Low Price High Est. $ Volume Expected to Trade SCOOP Rating Rating Change
Clearwater Analytics Holdings, Inc. CWAN Goldman Sachs/ J.P. Morgan/ Morgan Stanley/ Credit Suisse/ RBC Capital Markets/ Wells Fargo Securities/ Oppenheimer & Co./ Piper Sandler/ William Blair 30.0 18.00 18.00 $ 540.0 mil 9/24/2021 Priced S/O S/O
CUE HEALTH INC. HLTH Goldman Sachs/ Morgan Stanley/ Cowen 12.5 16.00 16.00 $ 200.0 mil 9/24/2021 Priced S/O S/O
DIRECT SELLING ACQUISITION CORP. DSAQ.U BTIG 20.0 10.00 10.00 $ 200.0 mil 9/24/2021 Priced S/O S/O
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Last 100 IPOs - September 23, 2021

Number of IPOs priced : 100
Number Up: 61
Number Down: 39
Number Unchanged: 0
Percentage Change From Issue Price: 25.31%
Percentage Change for The Nasdaq Composite 2.71%

2021 IPO Scorecard - September 23, 2021

Number of IPOs priced (Excluding 422 units) : 344
Number Up: 159
Number Down: 183
Number Unchanged: 2
Total Return From Issue Price: 13.75%
The Nasdaq Composite Index YTD % Change 15.58%