Commentary & News

The April IPO market is set to close out with a billion-dollar deal in the week ahead, though some small issuers may join the calendar late. Cruise operator Viking Holdings (VIK) plans to raise $1.0 billion at a $10.2 billion market cap. The company offers experiences on all seven continents, with a focus on destinations in Europe and the Mediterranean. It...read more

Six IPOs debuted this past week, four of which were included on our stats, and two IPOs submitted initial filings. Enterprise data management and security platform Rubrik (RBRK) priced its upsized IPO above the range to raise $752 million at a $6.6 billion market cap. Its Rubrik Security Cloud platform delivers a cloud native SaaS platform that detects, analyzes,...read more

Correlate Energy, which provides tech-enabled services for efficiency upgrades to commercial real estate, announced terms for its IPO on Friday. The company is currently listed on the OTC under the symbol "CIPI." The Boise, ID-based company plans to raise $7 million by offering 1.2 million units at a price range of $5 to $7. Each unit consists of one share of common stock and...read more

TessPay, which offers a blockchain-based platform for financial transactions, revised the terms for its upcoming IPO on Friday. The Fort Myers, FL-based company now plans to raise $7 million by offering 1.3 million shares at a price range of $5 to $6. The company had previously filed to offer the same number of shares at a range of $4 to $6. At the midpoint of the revised range,...read more