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IPO market cools as sentiment moves from ‘wildly overoptimistic to optimistic’ MarketWatch 1 hr ago IPO REPORT Enthusiasm for initial public offerings seems to be cooling after a strong recent stretch that saw companies chalk up outsized gains despite the gloomy background of a global pandemic. Popular Searches Following a year of “big price jumps and a lot of investor enthusiasm” for IPOs, investors appear to be getting a bit more pragmatic when it comes to new issues, said University of Florida finance professor Jay Ritter, but only a bit. Even the more muted debut-session price m...

2 Min Read (Reuters) -Compass Inc, the U.S. real estate technology firm backed by SoftBank Group, said on Wednesday it sold shares in its initial public offering at $18 each, at the lower end of its downsized target range to raise $450 million. Compass had previously set a price range of $18-$19 per share, downsized from its prior target at $23 to $26. At $18, a fully diluted valuation, which includes securities such as options and restricted stock, would be $9 billion, compared to $6.4 billion in its most recent private funding round in 2019. The IPO is a sign of investor fatigue for new sto...

Smart Share Global, an Alibaba-backed Chinese power bank rental start-up, downsized a US$150m Nasdaq IPO last week as the threat of mass delistings and a string of fire sales in US-listed Chinese stocks dented investor appetite. Smart Share Global opened books on Tuesday after a turbulent week for US-listed Chinese companies. The entire sector fell heavily on March 24, when the US Securities and Exchange Commission said it would begin implementing legislation that calls for the delisting of companies that fail to comply with US audit oversight requirements for three years in a row. On top of ...

Kaltura puts debut on hold. Is the tech IPO window closing? More signs of dropping temperatures in a formerly scorching climate for tech debuts The Exchange just yesterday discussed a downward revision in the impending Compass IPO and the disappointing Deliveroo flotation as signals that market demand for high-growth, unprofitable tech shares could be slipping. Recent news underscores the possibly chilling conditions. This morning, Kaltura, a technology company that provides video streaming software and services, delayed its IPO. JioForMe reports that the postponement comes after Kaltura’s...

While several tech companies are opting to delay their IPOs in the face of less-than-enthusiastic market demand for their shares, real estate tech company Compass forged ahead and went public today. After pricing its shares at $18 apiece last night, the low end of a lowered IPO price range, Compass shares closed the day up just […]