19 IPOs and five SPACs went public in the week of July 19, 2021 led by Absci Corp (NASDAQ: ABSI) platform provider for discovery and development of protein therapies , raised $200 million at a $1,560 million market cap and finished 43% above its IPO price.
NoSQL database technology provider for application developers, Couchbase Inc (NASDAQ: BASE) raised $200 million at a $1,150 million market cap and finished 42% above its IPO price.
Ediscovery, legal document review, and case management software provider, CS Disco Inc (NYSE: LAW) raised $224 million at a $1,898 million market cap and finished 40% above its IPO price.
Enterprise software provider for building online stores in Latin America, VTEX (NYSE: VTEX) raised $361 million at a $3,754 million market cap and finished 34% above its IPO price.
Wholesale specialty insurance brokerage, Ryan Specialty Group Holdings Inc (NYSE: RYAN) raised $1,338 million at a $6,149 million market cap and finished 22% above its IPO price.
Leading distributor of pipes and other industrial water infrastructure products, Core & Main Inc (NYSE: CNM) raised $698 million at a $4,827 million market cap and finished 19% above its IPO price.
The five SPACs went public this past week are:
1. Clover Leaf Capital (cannabis industry SPAC)
2. Chavant Capital Acquisition (Advanced manufacturing and materials technology SPAC)
3. Portage Fintech Acquisition (Fintech sector SPAC)
4. TortoiseEcofin Acquisition III (Energy transition and sustainability arena SPAC)
5. Belong Acquisition (High-growth tech and tech-enabled businesses SPAC)
Together, all the SPACs raised a total of $895 million.
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