Eighteen IPOs raised a combined $5.3 billion in April, above the 10-year historical average by deal count and proceeds (16 IPOs, $3.7B). It was the busiest month for both overall new issuance and $100+ million IPOs since November 2021. Nine deals raised $100...read more
Five IPOs raised $858 million this past week, led by fast-growing digital coupon platform Ibotta (IBTA) and utility infrastructure services carve-out Centuri Holdings (CTRI). Both deals managed to price above the midpoint...read more
Centuri Holdings, a carve-out of Southwest Gas providing infrastructure services to utilities, raised $260 million by offering 12.4 million shares at $21, the high end of the range of $18 to $21. The company raised an additional $54 million from a concurrent...read more
Two sizable IPOs are currently scheduled for the week ahead, led by another large tech deal. Digital rebate platform Ibotta (IBTA) plans to raise $450 million at a $2.8 billion market cap. The company's platform allows CPG brands to deliver...read more
Renaissance Capital's April IPO Market Update
Eighteen IPOs raised a combined $5.3 billion in April, above the 10-year historical average by deal count and proceeds (16 IPOs, $3.7B). It was the busiest month for both overall new issuance and $100+ million IPOs since November 2021. Nine deals raised $100...read more
US IPO Weekly Recap: 2 sizable deals price up and trade up, while broader IPO market slides
Five IPOs raised $858 million this past week, led by fast-growing digital coupon platform Ibotta (IBTA) and utility infrastructure services carve-out Centuri Holdings (CTRI). Both deals managed to price above the midpoint...read more
Utility services firm Centuri prices IPO at $21, the high end of the range
Centuri Holdings, a carve-out of Southwest Gas providing infrastructure services to utilities, raised $260 million by offering 12.4 million shares at $21, the high end of the range of $18 to $21. The company raised an additional $54 million from a concurrent...read more
US IPO Week Ahead: Large IPOs bring digital rebates and utility infrastructure services to market
Two sizable IPOs are currently scheduled for the week ahead, led by another large tech deal. Digital rebate platform Ibotta (IBTA) plans to raise $450 million at a $2.8 billion market cap. The company's platform allows CPG brands to deliver...read more