IPO market gears up for busiest week since May 2019 — when Uber went public — with 12 deals on tap

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 95 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The IPO market is gearing up for its busiest week since May of 2019 -- that was Uber's IPO week. Here's everything you need about the 12 companies that are expected to raise $6.8 billion.

The U.S. initial-public-offering market is gearing up for its busiest week since May of 2019, when Uber Technologies Inc. went public, with 12 deals expected to raise $6.8 billion.

San Mateo, Calif.–based Snowflake has applied to list on the New York Exchange under the ticker symbol “SNOW.” There are 23 banks underwriting the deal, led by Goldman Sachs and Morgan Stanley. Proceeds are to be used for general corporate purposes, including potential acquisitions.“We believe in a data connected world where organizations have seamless access to explore, share, and unlock the value of data.

The company has applied to list on Nasdaq under the symbol “PTVE.” There are 14 banks underwriting the deal, led by Credit Suisse and Citigroup. Proceeds are slated to be used to repay debt and for general corporate purposes. Amwell AMWL, , which offers insurers and patients a telehealth platform, is expected to offer 35 million shares priced at $14 to $16 each, to raise about $560 million, at a valuation of about 3.6 billion. Amwell has applied to list on the NYSE under the ticker “AMWL.”

• Sumo Logic, another cloud company, plans to offer 14.8 million shares, priced at $17 to $21 each. The company has applied to list on Nasdaq under the ticker symbol “SUMO.” There are eight banks underwriting the deal, led by Morgan Stanley. Proceeds are to be used for general corporate purposes. There are nine banks underwriting the deal, led by Goldman Sachs. Proceeds will be used to fund growth through the expansion of the company’s hybrid platform, for acquisitions and other general corporate purposes.

• Outset Medical Inc. OM, , a medical tech company, plans to offer 7.6 million shares, priced at $22 to $24 each. The company would raise $182.4 million at the top of that range and has applied to list on Nasdaq, under the ticker symbol “OM.” Proceeds of the deal will be used to expand sales and support staff, for R&D and for working capital. There are five banks underwriting the deal, led by BofA Securities, Morgan Stanley and Goldman Sachs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’ll wait for the disappointing opening and mass sell off, pick up a few shares and watch Amazon vacuum up this company too.

No thanks

Check out my Gig on Fiverr: Do You Want To Make 3d Animated Logo Intro Video In $5 ? Contact Me : Logo Animation 3D Logo Animation Top Logo Animation Best Logo Animation

Crazy valuation!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines