Seven IPOs and five SPACs entered the public markets this week led by top performer Vital Farms (VITL), which popped 59% in its public debut.
Vital Farms, the largest US producer of pasture-raised eggs, upsized and priced above the upwardly revised range to raise $205 million at a $991 million market cap. The company, which is both a public benefit corporation and Certified B Corp, has demonstrated profitability and strong growth. However, operating margins have fluctuated with marketing activities.
In the largest US IPO from a Chinese issuer since 2018, electric SUV maker Li Auto