Six IPOs and five SPACs went public in the week of May 24 , 2021 led by FIGS (NYSE: FIGS), premium medical scrubs and healthcare apparel brand raised $580 million at a $4,345 million market cap and finished 55% above its IPO price.
Phase 2 biotech developing kinase inhibitors for pediatric brain tumors, Day One Biopharma (NASDAQ: DAWN) raised $160 million at a $965 million market cap and finished 48% above its IPO price.
Electronic billing platform provider, Paymentus (NYSE: PAY) raised $210 million at a $2,562 million market cap and finished 45% above its IPO price.
Provider of payment processing software to education, healthcare, travel, and B2B firms, Flywire (NASDAQ: FLYW) raised $251 million at a $2,802 million market cap and finished 43% above its IPO price. Developer of genetic sequencing and multiomics systems for biomedical research, Singular Genomics (NASDAQ: OMIC) raised $224 million at a $1,692 million market cap and finished 23% above its IPO price.
Biotech holding company carved out of Medicxi, Centessa Pharmaceuticals (NASDAQ: CNTA) raised $330 million at a $1,886 million market cap and finished 9% above its IPO price.
The five SPACs went public this past week are:
1. Post Holdings Partnering (consumer packaged goods industry SPAC)
2. Dynamics Special Purpose (life sciences industry SPAC)
3. OceanTech Acquisitions I (leisure marine, yachting, and superyachting industries SPAC)
4. EG Acquisition (no selected target industry)
5. Fifth Wall Acquisition III (real estate technology SPAC)
Together, all the SPACs raised a total of $1.1 billion.
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