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JOAN News

US IPO Weekly Recap: Coupang completes year's largest IPO and Roblox direct-lists in a 7 IPO week

CPNG

A total of 32 companies entered the public market this past week, with the week’s 7 IPOs joined by one direct listing and 24 SPACs. In the largest US IPO of the year to date, Coupang (CPNG) upsized and priced above the upwardly...read more

Fabric and crafts retailer JOANN prices IPO at $12, below the $15-$17 range

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JOANN, a multi-channel fabric and crafts retailer with 855 stores, raised $131 million by offering 10.9 million shares (50% insider) at $12, far below the range of $15 to $17. At pricing, JOANN commands a fully diluted market value of $505 million. JOANN...read more

US IPO Week Ahead: Korean e-commerce and online gaming lead a 7 IPO, 1 direct-listing week

CPNG

Updated Monday, 3/8. Seven IPOs and one direct listing are currently scheduled for the week ahead. Korean e-commerce giant Coupang (CPNG) plans to raise $3.4 billion at a $51.0 billion market cap. A leading player in its...read more

Fabric and crafts retailer JOANN sets terms for $175 million IPO

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JOANN, a multi-channel fabric and crafts retailer with about 860 stores, announced terms for its IPO on Thursday. The Hudson, OH-based company plans to raise $175 million by offering 10.9 million shares (50% insider) at a price range of $15 to $17. At the...read more