Eight IPOs and four SPACs went public in the week of May 3, 2021 led by Five Star Bancorp (NASDAQ: FSBC) raised $105 million at a $325 million market cap and finished 25% above its IPO price.
A lifestyle brand of baby, skin and household products, The Honest Company Inc (NASDAQ: HNST) raised $413 million at a $1,646 million market cap and finished 19% above its IPO price.
Prophylactic vaccine for infectious diseases developer, Valneva SE (NASDAQ: VALN) raised $94 million at a $1,395 million market cap and finished 12% above its IPO price.
Cannabinoid overdose and substance addiction treatment developer, Anebulo Pharmaceuticals Inc (NASDAQ: ANEB) raised $94 million at a $1,395 million market cap and finished 12% above its IPO price.
Chinese e-commerce platform using influencers to sell lifestyle brands in Asia, Onion Global Ltd (NYSE: OG) raised $68 million at a $728 million market cap and finished 3% below its IPO price.
Insurance and healthcare service platform provider, Waterdrop Inc (NYSE: WDH) raised $360 million at a $5,061 million market cap and finished 19% below its IPO price.
The four SPACs went public this past week are:
1. Data Knights Acquisition (data centers and internet technology sectors SPAC)
2. Valor Latitude Acquisition (tech-enabled Latin American businesses SPAC)
3. B. Riley Principal 250 (no selected target industry)
4. Maquia Capital Acquisition (tech-focused middle market and emerging growth businesses in North America SPAC)
Together, all the SPACs raised a total of 610 million.
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