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CMTG News

US IPO Weekly Recap: Allbirds spreads its wings and soars 93% in a 12 IPO week

BIRD

November kicked off with a 12 IPO week and shoe brand Allbirds (BIRD) was at the front of the flock, posting a first-day pop of 93%. 23 SPACs also went public. New issuers continued to join the pipeline, with five IPOs and 13 SPACs submitting initial filings. ...read more

Commercial mortgage REIT Claros Mortgage Trust prices downsized IPO at $18.65 low end

Claros Mortgage Trust logo

Claros Mortgage Trust, a commercial mortgage REIT focused on transitional commercial real estate assets, raised $103 million by offering 5.5 million shares at $18.65, the low end of the range of $18.65 to $19.65. The company offered 1.5 million fewer shares...read more

US IPO Week Ahead: Steady IPO deal flow set to continue with 13 IPOs slated for next week

EVO

Updated Monday, 11/1. The IPO market has seen double digit offerings for the past two weeks, and is scheduled to continue its streak, with 13 IPOs expected to raise $2.7 billion. Drug discovery company Evotec (EVO) plans to raise $576 million at a $9.2...read more

Commercial mortgage REIT Claros Mortgage Trust sets terms for $134 million IPO

Claros Mortgage Trust logo

Claros Mortgage Trust, a commercial mortgage REIT focused on transitional commercial real estate assets, announced terms for its IPO on Tuesday. The New York, NY-based company plans to raise $134 million by offering 7 million shares at a price range of $18.65...read more