Episode 70: IPO Trends Report Launch

Market News

We are thrilled to share our IPO Trends report!  It's the first of many to help demystify the capital markets for all. After a very active 2020, we have many companies hitting the ground running in 2021:

• Health care companies were the most active with 112 IPOs, while technology issuers raised the most funds accounting for 45% of total 2020 proceeds.

• SPACs became more mainstream in 2020, with 248 SPACs raising over $83 billion. 

• YTD 2021, 57 issuers have raised over $21 billion in IPO proceeds.

• Recent IPOs include Bumble, Oscar Health, Score Media and Gaming, Affirm, among others. 

• Upcoming highly anticipated IPOs include Roblox (3/10) and Coinbase (direct listing) this month. 

• SPACs have been very active, with 189 SPACs raising over $59 billion, but everyone is watching how they will perform in this new market environment.
  
  For the full report, check out our IPO Trends Report powered by Aluna Partners. 

  Friday Market Close
  Dow 30 31,496.30 +572.16 (+1.85%)
  S&P 500 3,841.94 +73.47 (+1.95%)
  Nasdaq 12,920.15 +196.68 (+1.55%)
   

Filed IPOs
ThredUp, a San Francisco-based clothing resale marketplace, filed for a $100 million IPO. It plans to list on the Nasdaq (TDUP) and reports a $48 million net loss on $186 million in revenue for 2020 (vs. $38M net loss on $164M in revenue for 2019). ThredUp raised over $330 million from firms like Trinity Ventures, Redpoint Ventures, Highland Capital Partners, Upfront Ventures, Goldman Sachs, Irving Investors, and Park West Asset Management. http://axios.link/BCHC

LATAM

Alpha Capital announced today that it has closed its $230 million initial public offering on the Nasdaq Capital Market (“Nasdaq”), trading under the ticker symbol “ASPCU”. The special purpose acquisition company (“SPAC”) will use the funds to seek a business combination with a Latin American-focused technology company. Alpha announced pricing last Thursday.