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SOVO News

Rise in secondary offerings hints at IPO market reopening

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While capital markets are typically quiet in August, secondary activity picked up significantly during the month, hinting at a possible reopening of the IPO window heading into the fall. There were nearly 40 registered follow-on public offerings (FPOs) of $50+...read more

US IPO Weekly Recap: Toast gets buttered up in a 13 IPO week

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It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products...read more

Advent-backed food company Sovos Brands prices IPO below the range at $12

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Sovos Brands, which sells premium food brands including Rao's and noosa, raised $280 million by offering 23.3 million shares at $12, below the range of $14 to $16. Formed by Advent International, Sovos Brands offers a select group of acquired premium food...read more

US IPO Week Ahead: Software, consumer products, and payment tech lead a diverse 14 IPO week

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Summer may be over, but the IPO market is just heating up as 14 IPOs are slated to raise $5.3 billion in the week ahead. The diverse group includes software, consumer products, payment technology, and more. The largest deal of the week,...read more