Tesla stock closed yesterday at $1,009.35. 10 years ago, the price at the debut was $17. If we take this price, the growth is 5,900%, if we take the price at the end of the first trading day – $23.89, the growth is 4,200%.
Lemonade, which filed to go public earlier in June, announced on Thursday a price range of $23 to $26 for its public offering. The updated regulatory filing could mean a significant valuation hit for the insurtech firm.
Albertsons supermarket has just announced its decision to go public with its downsized IPO. The Cerberus with a 31.9% stake in Albertsons post-IPO believes the company will achieve success when market demands stabilize.
While it is generally expected that Agora in its IPO will not raise below $315 million, the maximum amount raised may turn out to be a big surprise.
DoorDash Inc, America’s growing on-demand prepaid food service, has secured $400 million from two new investors bringing the company’s valuation to $16 billion.
The China-based Ebang International has submitted a revised prospectus for a U.S. IPO as it plans to raise over $100 million by listing its shares on the Nasdaq Global Market under the EBON ticker.
Royalty Pharma’s IPO has become the biggest this year. Moreover, it is the second-largest pharmaceutical public listing ever, just behind Zoetis Inc’s $2.2 billion IPO back in 2013. RPRX shares today were 12.75% up, trading at $49.61.
Vroom (VRM) shares closed its first trading day at $47.90 with a 117.73% rise. Today VRM stock is 2.69% up and its trading at $49.19.
ZoomInfo Technology (ZI) shares surged around 90% on its first trade after the IPO held on Wednesday. Having closed yesterday with a 61.90% increase to trade at $34, the stock is around 6% up now.
Last month Amwell managed to raise $194 million to support the expansion of its services that are highly demanded today. Now it plans to go for an IPO later this year.
ZoomInfo has repriced its IPO with a target to hit $890 million. This new projection is aimed at offering each share at $19 to $20 following boosted interests from investors.
Playtika has hired banking giants like Morgan Stanley and others to underwrite the IPO. Sources said that Playtika is looking to going public later this year or early 2021.
Warner Music has revealed its IPO pricing today. The stock is priced at $25 a share, the higher end of its $23 to $26 price range.
JDE Peet’s is the largest IPO that’s been filed in the region this year, followed by the March flotation of Saudi eponymous health care company in Tadawul for $699 million.
Auto manufacturing giant Daimler plans to invest $480 million in Farasis IPO to produce batteries for use in electric cars. DAI stock is up today.