10 IPOs and nine SPACs went public in the week of June 7, 2021 led by Kanzhun Ltd (NASDAQ: BZ), the leading online recruitment platform in China, raised $912 million at a $8,644 million market cap and finished 96% above its IPO price.

Technology business service provider, TaskUs Inc (NASDAQ: TASK), raised $304 million at a $5,507 million market cap and finished 35% above its IPO price. The New Braunfels, Texas-based company was founded in 2008 and booked $478 million in sales for the 12 months ended December 31, 2020.

Luxury design product online marketplace, 1stDibs.com Inc (NASDAQ: DIBS), raised $115 million at a $794 million market cap and finished 21% above its IPO price. The New York, New York-based company was founded in 2000 and booked $90 million in sales for the 12 months ended March 31, 2021.

Chinese online education company, Zhangmen Education Inc (NYSE: ZME), raised $42 million at a $1,858 million market cap and finished 17% above its IPO price. The Shanghai, China-based company was founded in 2014 and booked $660 million in sales for the 12 months ended March 31, 2021.

Payment modern card issuing platform provider, Marqeta Inc (NASDAQ: MQ), raised $1,227 million at a $15,353 million market cap and finished 17% above its IPO price. The Oakland, California-based company was founded in 2010 and booked $350 million in sales for the 12 months ended March 31, 2021.

Omnichannel data-driven cloud platform provider, Zeta Global Holdings (NYSE: ZETA), raised $215 million at a $1,926 million market cap and finished 17% below its IPO price. The New York-based company was founded in 2007 and booked $368 million in revenue for the 12 months ended December 31, 2020.

The nine SPACs went public this past week are:

1.       Jaws Hurricane Acquisition (no selected target industry)

2.      SPK Acquisition (Asia-based TMT business SPAC)

3.      Logistics Innovation Tech (Logistics industry SPAC)

4.      Lakeshore Acquisition I (no selected target industry)

5.      Colombier Acquisition (consumer products, social, and entertainment sectors SPAC)

6.      Iron Spark I (Branded consumer sector SPAC)

7.      Blue Safari Group Acquisition (Fintech and related business services companies SPAC)

8.      Summit Healthcare Acquisition (Healthcare business with a strong China nexus SPAC)

9.      Global Consumer Acquisition (Consumer products and services sectors SPAC) Together, all the SPACs raised a total of $1.3 billion.

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