GitLab Inc shares jumped about 35% above their offer price in their Nasdaq debut on Thursday, giving the software development platform a market capitalization of $14.9 billion, showing strong investor appetite for fast-growing software companies.
Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022.
(Reuters) -Fitness center operator Life Time's return to public markets was met with a lukewarm response on Thursday, with shares opening 8% below their offer price, signaling investors remain cautious in the face of choppy trading in recent weeks.
Zoom Video Communications Inc's aborted $14.7 billion acquisition of call center software firm Five9 Inc has spotlighted issues that will weigh on the virtual meeting giant's next attempt to expand through dealmaking, analysts and investment bankers said.
(Reuters) -Olaplex Holdings Inc's shares opened more than 19% above their offer price in a strong market debut on Thursday, giving the hair products maker a market capitalization of $16.2 billion.
Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data.
(Corrects to 'Benchmark-backed' from 'benchmark-backed' in first paragraph)
NEW YORK TikTok hit 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020.