Author Archives: Jan Paschal

Rivian Automotive, Inc. (RIVN) jumped to $106.75 – up nearly 36.9 percent from its IPO price of $78 – in its opening trade on NASDAQ on Wednesday. The electric truck maker – a Tesla rival – supersized its IPO on Tuesday night by pricing the deal at $78 – $4 above the top of its increased […]

The BIRD, BIRD, BIRD – the BIRD is the word. AllBirds, Inc. (BIRD proposed), known for its “Wool Runner” shoes, is perched atop November’s IPO Calendar. Next up: NRDS. Yes, NerdWallet (NRDS proposed), a personal finance app that’s popular with the early 20-somethings in Gen Z, is also set to go public this week. (This […]

Wall Street loves a Cinderella story.  Rent the Runway (RENT) increased its IPO’s size and priced the deal at $21 – the top of its $18-to-$21 range – to raise $357 million on Tuesday night. Bankers priced 17 million shares – up from 15 million in the prospectus. RENT started trading on Wednesday (Oct. 27, 2021) […]

Stronghold Digital Mining (SDIG) jumped 42 percent to open at $27 in its NASDAQ debut today. SDIG is riding the Bitcoin wave. Stronghold Digital Mining added shares and priced its IPO at $19 – $1 above the top of its $16-to-$18 range – on Tuesday night. The Bitcoin miner’s IPO raised $126.9 million – the result […]

GitLab, Inc. (GTLB proposed), a code-sharing software unicorn founded in Ukraine, raised the price range of its IPO early today to $66 to $69 – up from $55 to $60 initially –  reflecting its status as a hot deal. But it’s not the only game in town. AvidXchange Holdings, Inc. (AVDX proposed), which provides accounts […]

Life Time Group Holdings, Inc. (LTH) cut the size of its IPO – by about 15.6 percent – and priced the deal at $18 – the bottom of its $18-to-$21 range – on Wednesday night (Oct. 6, 2021). The downsizing of Life Time’s initial public offering followed the delay – for the second night – […]

Hair products brand Olaplex Holdings, Inc. (OLPX proposed) priced its IPO at $21 – $2 above the top of its increased price range of $17 to $19 – and increased the deal’s size to 73.7 million shares – on Wednesday night (Sept. 29, 2021). The beauty brand raised about $1.55 billion. The upsized IPO gave […]

Most IPO investors want  Toast, Inc. (TOST proposed) for breakfast this week. Bankers expect to raise about $5.24 billion from “a baker’s dozen” of deals. Twelve of this week’s 13 deals are traditional IPOs while one is a NASDAQ uplift. Toast, a payments software system that caters to the restaurant industry, helped its restaurant clientele survive […]

Wall Street’s September sky is full of IPOs soaring into the wild blue yonder this week.  Five of the seven IPOs that started trading on Wednesday, Sept. 15, jumped 50 percent or more from their IPO prices. Four of those deals popped 60 percent or more in their debuts, with one – DICE Therapeutics (DICE) […]

September promises to be a hectic month, if this morning’s traffic at the SEC is any indication. Six IPOs jumped on the IPO Calendar today for pricing in the week of Sept. 13, 2021, the second full week of the month. Bankers expect to raise $2.79 billion from these six IPOs, if all are priced […]