MEG - U.S. IPO Weekly Recap: 3 IPOs Close Out The 2Q In Shortened Holiday Week
Three IPOs raised $2.3 billion this past week, led by Dun & Bradstreet's (DNB) billion-dollar deal. All three IPOs upsized their deals and priced above the range.
Commercial data analytics provider Dun & Bradstreet raised $1.7 billion at a $9 billion market cap. The long-standing company was taken private in February 2019 by a consortium led by FNF's Bill Foley for $6.1 billion, half the size of its EV at pricing. The overhauled management team is now attempting to accelerate the company's historically lackluster growth, though the company remains highly levered post-IPO. Dun & Bradstreet