The IPO market returns from a crushingly slow period of inactivity with pricings set for
- SmileDirectClub (SDC), 10X Genomics (TXG) and Alerus Financial (OTCQX:ALRS) on September 11 and
- CloudFlare (NET), SpringWorks Therapeutics (SWTX) and Satsuma Pharmaceuticals (STSA) on September 12.
There is a quiet period expiration on CrossFirst Bankshares (NASDAQ:CFB) on September 9 and IPO lockup expiration on Canadian firm Project One Resources on the same day.
WeWork's (WE) IPO roadshow is anticipated to roll into New York and San Francisco to gauge investor interest. So far, WeWork's IPO is having trouble attracting interest from large institutional investors as some reports suggest the shared workspace company is only being valued at ~$25B versus the $47B for the last private funding round. SoftBank (OTCPK:SFTBF) has a 29% stake in WeWork parent We Co.
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