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US IPO market in Q1 was the busiest in decades
The US IPO market produced its busiest quarter in over two decades, with 100 IPOs raising $39.2 billion, according to a report from Renaissance Capital.
Healthcare led in terms of deal flow, while the tech sector produced the most proceeds. The quarter produced a number of large IPOs for venture-backed companies, including gaming unicorn Roblox, point-of-sale online lender Affirm, edtech company Coursera, and health insurance provider Oscar.
The quarter also stood out for the high volume of special purpose acquisition companies, or SPACs, hitting the public markets. There were more SPAC offerings in Q1 of this year than in all of 2020, according to Renaissance.
– Joanna Glasner
Public offerings
Coinbase sets direct listing date: San Francisco-based cryptocurrency platform Coinbase announced that it plans to carry out its public market debut via direct listing on April 14. Shares will trade on Nasdaq under the ticker symbol “COIN.”
— Joanna Glasner
New funds
Tiger Global raises $6.7B fund: Venture and growth investor Tiger Global Management has closed on $6.7 billion for its latest fund, according to a securities filing. The filing follows a busy year for the New York-based firm, which is one of the most prolific and deep-pocketed global startup investors.
— Joanna Glasner
Illustration: Dom Guzman
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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://news.crunchbase.com/news/briefing-4-2-21/