Six IPOs are set to raise $723 million in the week ahead, along with one SPAC.
Cloud-based software development platform Dynatrace (DT) is by far the largest, expected to raise over half of the week's proceeds at a $3.8 billion valuation. It's joined by a large early-stage cannabis producer, a Chinese AR play, a cancer biotech, a US sushi chain, and a micro-cap battery producer.
Bought by Thoma Bravo for $2.5 billion in 2014, Dynatrace is raising $427 million at the $12 midpoint. While it will still carry substantial debt post-IPO, Dynatrace is profitable on