Nine IPOs and two SPACs went public in the week of April 12, 2021 led by Esports Technologies (NASDAQ: EBET) esports and competitive gaming platform developer, raised $2,000 million at a $30.73 billion market cap and finished 24% above its IPO price. The Salt Lake City, Utah-based company was founded in 2013 and booked $4 million in revenue for the 12 months ended December 31, 2020.

Phase 2-ready biotech using AI to develop therapies for rare disease, Recursion Pharmaceuticals (NASDAQ: RXRX) raised $436 million at a $3 billion market cap and finished 74% above its IPO price. The Salt Lake City, Utah-based company was founded in 2013 and booked $4 million in revenue for the 12 months ended December 31, 2020.

Disposable food service products manufacturer, Karat Packaging (NASDAQ: KRT), raised $63 million at a $310 million market cap and finished 13% above its IPO price. The Chino, CA-based company was founded in 2000 and booked $281 million in sales for the 12 months ended September 30, 2020.

Marketing and monetizing mobile games platform provider, AppLovin (NASDAQ: APP) raised $2,000 million at a $30.73 billion market cap and finished 24% below its IPO price. The Palo Alto, California-based company was founded in 2012 and booked $1.5 billion in sales for the 12 months ended December 31, 2020.

The two SPACs went public this past week are:

1.      TCV Acquisition (tech SPAC)

2.      TPG Pace Beneficial II (business with a strong ESG profile SPAC)

Together, all the SPACs raised a total of 700 million.

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