Is the “virtual” initial public offering (IPO) here to stay? At a time when the coronavirus fallout has dashed the dreams of some entrepreneurs, virtual IPOs have offered an attractive alternative to young companies eager to go public. Weeks-long roadshows are compressed into a few...
Lemonade, the insurance startup backed by Japan’s SoftBank, soared on its first day of trading Thursday (July 2), rising more than 100 percent as of the afternoon after raising $319 million in an initial public offering. The company priced the shares at $29 on Wednesday...
GoHealth, Inc. is seeking to raise $100 million in Class A common stock during a proposed upcoming initial public offering (IPO), according to a filing with the U.S. Securities and Exchange Commission (SEC). The health insurance marketplace is seeking to list with the “GHTH” symbol on The...
The long-awaited initial public offering (IPO) of Idaho-based grocery chain Albertsons went ahead on Friday (June 26) after often-fraught years of planning. Now trading on the New York Stock Exchange under the symbol ACI, the chain sold 50 million shares at $16 per share, bringing...
Lemonade Inc., the technology-driven insurance startup, has told regulators that its initial public offering (IPO) is seeking a share price of between $23 to $26. In a filing with the Securities and Exchange Commission (SEC) on Thursday (June 25), the company’s revised Form S-1 reported...
Albertson’s, the second-largest grocery chain in the United States, has priced its initial public offering (IPO) at a downsized $800 million, after numerous attempts of owner Cerberus Capital Management to cash out, Reuters said. Cerberus had discussions with numerous shareholders which led to the downsizing,...
Analytics firm Dun & Bradstreet has launched an initial public offering (IPO), with Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Barclays acting as joint lead book running managers, a press release says. According to the release, Dun & Bradstreet is offering 65,750,000...
Amid Wall Street’s gyrations and the search for the next great tech unicorn: Blank checks for blank check companies? On Monday (June 22), CNBC reported that famed investor Bill Ackman is seeking to raise $3 billion for an initial public offering (IPO) of his blank...
nCino, a cloud-based software provider for financial institutions (FIs), plans to go public, per a press release. In its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC) on Monday (June 22), the North Carolina-based company said it plans to raise...
