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COCO News

Sector-wide sell-off: IPOs from all but one sector have traded off in recent months

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The IPO market set new records in 2021, but a recent sell-off has walloped new issuers across nearly every sector over the past 90 days and 30 days. The sole sector with positive average returns, energy has produced just two IPOs since 2021, one of which was...read more

The IPO market's ESG craze set to continue with socks and Greek yogurt

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Sock maker Bombas is the latest company preparing to ride the ESG investing wave, with the certified B Corp reportedly considering an IPO as soon as this year. It would join Greek yogurt brand Chobani (CHO) in the IPO pipeline...read more

US IPO Weekly Recap: Portillo’s gains 87% in an 11 IPO week

PTLO

The fall IPO market kept a brisk pace this past week with 11 IPOs, led by restaurant chain Portillo’s (PTLO). SPACs also stayed active, with 18 blank check IPOs. There was one postponement: winery Winc (WBEV). New filers continue to...read more

Coconut water brand Vita Coco prices IPO well below the range at $15

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The Vita Coco Company, which makes Vita Coco coconut water and other ready-to-drink beverages, raised $173 million by offering 11.5 million shares (78% secondary) at $15, below the range of $18 to $21. The Vita Coco Company states that it is a leading...read more