IPO market faces busiest week of the year — if all 19 deals on calendar are pushed through

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The U.S. initial public offering market is bracing for what would be the busiest week of the year so far — if all 19 deals on the roster are pushed through.

That may not happen, after an eye-popping selloff Monday that sent the Dow Jones Industrial Average DJIA, -2.09% down 900 points amid growing concerns about the fast-spreading delta variant of COVID-19 and rising tensions between the U.S. and China.

The Renaissance IPO ETF IPO, +0.66% has fallen 6% to date in 2021, underperforming the benchmark S&P 500 SPX, -1.59%, which has gained about 13%. “The company assists in the placement of hard-to-place risks for retail insurance brokers, and the sourcing, onboarding, underwriting, and servicing of those hard-to-place risks for insurance carriers,” Smith wrote.

Following that is Instructure Holdings INST, , an educational company that has developed a learning management system, which is aiming to raise up to $262.5 million at a $2.9 billion valuation. The company has applied to list on NYSE under the ticker symbol “INST.” Morgan Stanley, JPMorgan and Citigroup are lead underwriters in a syndicate of 14 banks.• Zevia PBC ZVIA, , a beverage company that makes zero-calorie and zero-sugar beverages with “clean” ingredients. The Encino, Calif.

See: Authentic Brands IPO: 5 things to know about the company behind Sports Illustrated, Forever 21 and Marilyn Monroe

 

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Patiently waiting 🤑

Garbage product. Way to pump Smells like weasel piss. Can’t imagine what it tastes like 👍

nice

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