Insurance comparison company SelectQuote raised $360M after opening on Thursday above its target range. SelectQuote is one of the few companies that has gone ahead with an initial public offering during the COVID-19 pandemic.
LATEST IPOS:
SelectQuote (SLQT) opened on May 21 at $26.20. The company had priced 28.5M shares at $20.00. The deal size was increased to 28.5M shares from 25M shares and priced above the $17.00-$19.00 range. Credit Suisse, Evercore ISI, Morgan Stanley, RBC Capital, Barclays, Citi and Jefferies acted as joint book running managers for the offering. SelectQuote is an insurance comparison company that allows consumers to compare policies for life, auto and home insurance from providers such as AIG (AIG) or Prudential Financial (PRU).
Inari Medical (NARI) opened on May 22 at $41.30 after the company priced 8.203M shares at $19.00. The deal priced above the revised $17.00-$18.00 range, which had been bumped up from $14.00-$16.00. BofA, Morgan Stanley, Canaccord and Wells Fargo acted as joint book running managers for the offering. Inari develops medical devices for patients suffering from venous diseases.
PERFORMANCE:
UPCOMING IPOS: Among the upcoming IPOs are Vroom (VRM) and Shift4 Payments (FOUR).
Vroom is an e-commerce company that allows people to buy and sell used vehicles.
Shift4 Payments provides secure payment processing solutions. The company serves merchants ranging from SMBs to large enterprises.
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SelectQuote
-0.15 (-0.56%)
Inari Medical
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Shift4 Payments
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