Author Archives: Jan Paschal

The “highs” have it. Brazilian digital banking company Nu Holdings (NU) – known as NuBank – priced its IPO on Wednesday night (Dec. 8, 2021) at $9 – the top of its $8-to-$9 range. HashiCorp (HCP), an American cloud software company, priced its long-awaited IPO at $80 – $8 above the top of its $68-to-$72 range. HashiCorp […]

The IPO market is slowing down to a turkey trot this week. Just a handful of SPAC IPOs are on the pricing radar so far. The Thanksgiving holiday on Thursday (Nov. 25, 2021) makes this a four-day work week. The U.S. stock market will be closed Thursday. Friday will be a short trading day, with […]

Sweetgreen, Inc. (SG) lived up to its name – jumping to $52 at its opening trade, up 85.7 percent from its $28 IPO price in its debut Thursday afternoon on the New York Stock Exchange. The first trade occurred at $52 at 2 p.m. EST, MarketWatch reported. The salad restaurant chain’s stock climbed to $52.72, up […]

Rivian Automotive, Inc. (RIVN) jumped to $106.75 – up nearly 36.9 percent from its IPO price of $78 – in its opening trade on NASDAQ on Wednesday. The electric truck maker – a Tesla rival – supersized its IPO on Tuesday night by pricing the deal at $78 – $4 above the top of its increased […]

The BIRD, BIRD, BIRD – the BIRD is the word. AllBirds, Inc. (BIRD proposed), known for its “Wool Runner” shoes, is perched atop November’s IPO Calendar. Next up: NRDS. Yes, NerdWallet (NRDS proposed), a personal finance app that’s popular with the early 20-somethings in Gen Z, is also set to go public this week. (This […]

Wall Street loves a Cinderella story.  Rent the Runway (RENT) increased its IPO’s size and priced the deal at $21 – the top of its $18-to-$21 range – to raise $357 million on Tuesday night. Bankers priced 17 million shares – up from 15 million in the prospectus. RENT started trading on Wednesday (Oct. 27, 2021) […]

Stronghold Digital Mining (SDIG) jumped 42 percent to open at $27 in its NASDAQ debut today. SDIG is riding the Bitcoin wave. Stronghold Digital Mining added shares and priced its IPO at $19 – $1 above the top of its $16-to-$18 range – on Tuesday night. The Bitcoin miner’s IPO raised $126.9 million – the result […]

GitLab, Inc. (GTLB proposed), a code-sharing software unicorn founded in Ukraine, raised the price range of its IPO early today to $66 to $69 – up from $55 to $60 initially –  reflecting its status as a hot deal. But it’s not the only game in town. AvidXchange Holdings, Inc. (AVDX proposed), which provides accounts […]

Life Time Group Holdings, Inc. (LTH) cut the size of its IPO – by about 15.6 percent – and priced the deal at $18 – the bottom of its $18-to-$21 range – on Wednesday night (Oct. 6, 2021). The downsizing of Life Time’s initial public offering followed the delay – for the second night – […]

Hair products brand Olaplex Holdings, Inc. (OLPX proposed) priced its IPO at $21 – $2 above the top of its increased price range of $17 to $19 – and increased the deal’s size to 73.7 million shares – on Wednesday night (Sept. 29, 2021). The beauty brand raised about $1.55 billion. The upsized IPO gave […]