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ZIP News

Bright Green to flashing red: 2022's first direct listing plummets after explosive early trading

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Last month, early-stage US cannabis producer Bright Green (BGXX) completed the first direct listing of 2022, and began trading on the Nasdaq at a market cap of more than $1 billion. Despite registering nearly 100% of its shares, Bright Green...read more

Renaissance Capital's May IPO Market Update

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In May, 23 IPOs raised $5.8 billion, joined by direct listings ZipRecruiter and Squarespace, along with 18 SPACs. Including the direct listings, technology was the most active sector with eight deals, featuring several platforms supporting payments and...read more

US IPO Weekly Recap: Returns bounce back in a 6 IPO, 1 direct listing week

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Six IPOs raised $1.8 billion ahead of the short holiday week, joined by one direct listing and five SPACs. Returns bounced back after tumultuous trading earlier this month, with the week’s deals all finishing above issue. New filers began to flood the...read more

ZipRecruiter's NYSE reference price is set at $18 ahead of Wednesday's direct listing

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ZipRecruiter's NYSE reference price has been set at $18 ahead of its direct listing. At that price, the company would command a fully diluted market value of $2.3 billion.  The New York, NY-based company plans to list on the NYSE today under the symbol...read more