YAYO - U.S. IPO Week Ahead: The Largest IPO Of The Q4 Its Sole U.S. Tech Unicorn And Flying Taxis
Five IPOs and one SPAC are scheduled to raise $2.7 billion in the week ahead, led by Brazilian brokerage XP (XP). After being virtually absent in the 4Q19, two US tech companies are expected to IPO, including one with a billion-dollar-plus proposed valuation.
In the largest deal of the quarter, XP plans to raise $1.7 billion at a $13 billion market cap. The company has a track record of strong growth and has become a sizable force in Brazil's financial industry. XP is backed by Itaú Unibanco, Brazil's largest bank, and had over 1.5 million