Too many companies are going public for me to easily keep up (not even including the SPACs). This week alone, 29 companies will seek to raise more than $6.7B on U.S. exchanges. So, to make sure we’re staying on top of everything, today’s top story is devoted to the latest batch.
- HR software maker Paycor HCM saw its stock price close up 13% at $26.05 after pricing its 18.5 million shares above-range at $23. The shares rose as much as 32% throughout the day and saw Paycor valued at $4.46B.
- The company's stock issuance raised $426M.
- Brazilian e-commerce platform VTEX saw its stock gain as much as 36% during its New York debut. The company priced its stock at $19, above its $15-$17 range, to raise $361M. It now has a $3.6B valuation.
- VTEX was most recently valued at $1.7B during a private funding round last September from investors such as Tiger Global Management and SoftBank’s Latin America fund.
- E-discovery provider for law firms CS Disco was valued at $2.3B after its NYSE debut based on the company’s closing share price of $41 and the expectation of it having 56.28 million shares outstanding following the offering.
- The company initially priced 7 million shares above its $26-$19 range at $32 to raise $224M.
- Israeli Zoom rival Kaltura saw its stock pop as much as 20% on the Nasdaq after pricing at $10 per share to raise $150M at a $1.3B valuation.
- The company, which claimed revenue of $120M in 2020 with 46% YoY growth, is now valued at $1.4B following its gains during public trading.