- Just one IPO entered public markets after the holiday weekend, but the pipeline remained active, with 14 IPOs and 10 SPACs submitting initial filings.
- Cross-border payment processor dLocal priced well above the range to raise $618 million at a $6.2 billion market cap.
- Data-streaming platform Confluent filed for an estimated $400 million IPO, and leading national car was brand Mister Car Wash filed to raise an estimated $250 million.
- There were no SPAC pricings this week. However, Bill Ackman’s SPAC Pershing Square Tontine Holdings is reportedly in talks to acquire a stake in leading record label Universal Music Group that would value the company at $40+ billion.
For further details see:
U.S. IPO Weekly Recap: June Kicks Off With A Quiet 1 IPO Week