Last week was the busiest week for IPOs since 2004. In 19 initial public offerings, about $10 billion was raised. DiDi Global (NYSE: DIDI), a Chinese ride-hailing app with 15 million drivers in 4,000 cities, led the way with a $4.4 billion round and a market worth of $70.4 billion. SentinelOne (NYSE: S) raised $1.2 billion at a market worth of $10.6.
This cybersecurity platform had almost 4,700 active customers at the end of April, a significant increase from the 2,700 active clients at the end of previous year. D-MARKET Electronic Services & Trading (NASDAQ: HEPS) is the second largest e-commerce platform in Turkey, where it operates under the moniker Hepsiburada. With a market capitalization of $3.4 billion, it was able to raise $681 million. LegalZoom.com (NASDAQ: LZ), Krispy Kreme (NASDAQ: DNUT), Clear Secure (NYSE: YOU), EverCommerce (NASDAQ: EVCM), Intapp (NASDAQ: INTA), Integral Ad Science Holding (NASDAQ: IAS), Torrid Holdings (NYSE: CURV), Acumen Pharmaceuticals (NASDAQ: ABOS), CVRx (NASDAQ: CVRX), Aerovate Therapeutics (NASDAQ: AVTE), and others are among the remaining IPO
This Week’s Initial Public Offerings
With only two IPOs anticipated this week, the IPO market is taking it easy.
LinkDoc (NASDAQ: LDOC), a Beijing-based cancer healthcare startup, filed for an IPO, supported by Alibaba Health’s subsidiary (OTC: 0241.HK). The IPO is expected to raise $200 million, with a market worth of $1.5 billion. Despite being unprofitable, the healthcare organization has delivered longitudinal care plans for more than 2.5 million patients since 2015, with a total patient population of over 3.5 million.
Minim (NASDAQ: MINM) has created an intelligent networking platform that makes its products simple to use in both personal and professional settings. Their products are used to power commercial, consumer, and service provider applications. For the last three quarters, the company has had record revenues. Vertical integration is the company’s major approach, which has proven to be successful, as its products are now available across the United States and in the portfolios of over 100 Internet Service Providers. B. Riley Securities is the sole bookrunner for this sale, and pricing terms have not been published.
In the Next Few Weeks, There Will Be IPOs
Although this shorter week may be slower, several other companies are preparing to begin trade. We will be able to choose from a variety of exciting options. Blend Labs, a banking platform that hopes to list on the New York Stock Exchange under the symbol BLND, is looking to fund up to $100 million. F45 Training, a fitness business supported by Mark Wahlberg and known for its functional 45-minute workouts, is planning to float on the New York Stock Exchange under the symbol FXLV and raise up to $100 million. Couchbase, a company that creates modern databases for businesses, has also filed for an IPO. It will be traded on the New York Stock Exchange under the ticker name BASE.
This is not a press release; it was written for IAMNewswire by a verified independent journalist. Please read the full disclosure because it should not be taken as investment advice at any time. IAM Newswire is not a shareholder in any of the companies listed. Press Releases – For complete distribution of your press release, email press@iamnewswire.com. Those who contributed – Pitch submissions are accepted by IAM Newswire. If you’re interested in working for IAM Newswire, send an email to contributors@iamnewswire.com.
The post An IPO Holiday Week Cut in Half first appeared on IAM Newswire.
Pixabay was used to create this image.
One of our external writers wrote the previous article.
It has not been modified and does not represent Benzinga’s perspective./n
