In the typically-slow month of August, nine IPOs raised $1.0 billion, joined by 31 SPACs. Only four of the nine offerings raised over $100 million. Activity was well below August 2020, which saw investors and bankers skip their vacations due to the pandemic....read more
The summer IPO market is wrapping up, and while we could see a few more launches, this past week’s two deals should be some of the last IPOs before fall. SPAC activity continued to bounce back, with 17 blank check IPOs during the week. After slashing...read more
Southern States Bancshares, an Alabama bank with 15 branches in Alabama and Georgia, raised $38 million by offering 2 million shares (50% secondary) at $19, the low end of the range of $19 to $21. Southern States Bancshares is a bank holding company that...read more
The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead.
Utah-based digital bank FinWise Bancorp (FINW) plans to raise $58 million at a $183 million market cap. FinWise...read more
Renaissance Capital’s August IPO Market Update
In the typically-slow month of August, nine IPOs raised $1.0 billion, joined by 31 SPACs. Only four of the nine offerings raised over $100 million. Activity was well below August 2020, which saw investors and bankers skip their vacations due to the pandemic....read more
US IPO Weekly Recap: Summer’s last wave with 2 IPOs
The summer IPO market is wrapping up, and while we could see a few more launches, this past week’s two deals should be some of the last IPOs before fall. SPAC activity continued to bounce back, with 17 blank check IPOs during the week. After slashing...read more
Alabama bank Southern States Bank prices IPO at $19 low end
Southern States Bancshares, an Alabama bank with 15 branches in Alabama and Georgia, raised $38 million by offering 2 million shares (50% secondary) at $19, the low end of the range of $19 to $21. Southern States Bancshares is a bank holding company that...read more
US IPO Week Ahead: 2 banks test the waters amid annual summer slowdown
The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead. Utah-based digital bank FinWise Bancorp (FINW) plans to raise $58 million at a $183 million market cap. FinWise...read more