Hi, after an exciting last week, it was a calm week in the IPO world. Here goes a Friday debrief about the top 4 IPOs that went to the market this week.
1. RLX (⬆️ 146%)
RLX, the biggest e-cigarette maker in China had a great opening day, raising $1.4B in the offering on the NYSE.
After opening at $12, above its target range of $8-$10, it more than doubled to $25 in the afternoon. With the IPO, the Beijing-based RLX is valued at $18.6 billion.
As NYSE closes this Friday, the closing price was $29.56, a 146% increase from its IPO.
2. DFH (⬆️ 64%)
Dream Finders Homes (DFH) went public Thursday, closing the day up by 61%. Although opening at $13, within their own range of $12 to $15, it closed the day at $20.95 apiece.
This raised their valuation way above the initial $1.2 billion.
Reaching a high of $26 this morning, it closed the week at $21.39, a 64.54% increase from its IPO.
3. MYTE (⬆️ 29%)
The luxury e-commerce site Mytheresa (MYTE) had a good opening day on the NYSE, raising $407 million. After setting a range of $24 to $26 apiece, they opened at exactly $26.
By the end of the day, it had jumped by double digits to $31, a 19,2% increase from its IPO.
The Mytheresa IPO pricing gave the company a market value of about $2.2 billion.
Today, MYTE closed at $33.62, a 29% change from its IPO.
4. PAX (⬆️ 17%)
The Brazilian asset manager Patria Investments (PAX) went public today on the Nasdaq with 26.65 million shares, looking for at least $453 million of investment.
After marketing for $14 – $16, they opened at $17 reaching a high of $21,25.
With only one day on the market, it increased 17%, closing at $19.90.
Source from the IPO Brief Newsletter