Five IPOs and three SPACs raised a combined $3.2 billion this past week led by Bill.com (BILL) in the best debut of the quarter with a 61% first day pop. Four companies submitted initial filings.
The week's best performer, Bill.com raised the range and priced above it to raise $216 million at a $1.7 billion market cap. High-growth and near profitability, investors wanted in on the back-office automation unicorn after a notable absence of US tech IPOs in the 4Q. Bill.com finished up 77%.
Another US tech IPO, social media management software Sprout Social (SPT)