LMND - U.S. IPO Week Ahead: Tax Software Leads A Diverse 7-IPO Week
Seven IPOs and one SPAC plan to raise $2.1 billion in the week ahead, led by tax software provider Vertex (VERX).
A handful of companies could join the IPO calendar in the coming week, including leading mortgage lender Rocket Companies (RKT), cloud hosting service provider Rackspace (RXT), and health center chain Oak Street Health (OSH).
Vertex, which provides tax software for businesses, plans to raise $317 million at a $2.0 billion market cap. The family-owned company has a track record of profitability and strong cash flow generation, and it has achieved growth at scale. However,