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POLY - U.S. IPO Weekly Recap: 8 IPOs Mark The Busiest Week Yet For The IPO Market
Polypid Ltd
Eight companies entered the public market in the busiest week yet for the IPO market. For the first time since June 2018, all eight IPOs raised more than originally expected, either by pricing above the range or upsizing their offerings. They were joined by two SPACs.
In its return to public markets, Warner Music (WMG) upsized its deal to $1.9 billion at a $13 billion market cap in the year's largest US IPO to date. The world's third largest record company, Warner's revenue growth has been decelerating. The company finished the week up 20%.