Ping Identity, a security solutions provider, has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be set. The company plans on trading the stock on the NASDAQ under the ticker symbol "PING." Goldman Sachs, BofA Merrill Lynch, RBC Capital Markets and Citigroup will serve as lead underwriters. Ping Identity is backed by Vista Equity Partners.
Docebo, a Toronto-based corporate learning management system, has filed a preliminary prospectus with Canadian regulators for an initial public offering (IPO). The number and price of common shares to be sold on the Toronto Stock Exchange have not been determined. Founded in Italy in 2005, Docebo provides a cloud-based software-as-a-service platform for internal and external workforce training. It is used at 1,500 organizations in more than 90 countries. Docebo's primary shareholders are Intercap Equity, an affiliate of Canadian merchant bank Intercap, and Canadian enterprise software private equity firm Klass Capital.
Nashville-based SmileDirectClub, a provider of invisible aligners to straighten teeth, has filed for an $100 million IPO. The company plans on trading the stock on the NASDAQ. JPMorgan and Citigroup are listed among the underwriters. SmileDirectClub's backers include Clayton, Dubilier & Rice, Kleiner Perkins and Spark Capital
Bespoke Capital Acquisition Corp (BCAC) has closed its initial public offering (IPO) on the Toronto Stock Exchange, raising US$350 million. The proceeds will increase to US$402 million if the IPO's greenshoe option is exercised in full. The underwriters are Canaccord Genuity Corp and Citigroup Global Markets Canada Inc. BCAC, a newly-formed special purpose acquisition corporation (SPAC), is focused on acquiring one or more businesses in the cannabis industry. The London, U.K.-based SPAC is sponsored by Bespoke Sponsor Capital LP, which is controlled by U.K. private equity firm Bespoke Capital Partners. Its directors include Bespoke Founders Rob Berner and Mark Harms.
Lightspeed POS (TSX: LSPD) has priced its previously announced offering of subordinate voting shares on behalf of selling shareholders. Underwriters have agreed to buy about 5.4 million shares for $35 per unit, generating proceeds of about $189 million. The amount increases to about $217 million if the greenshoe option is exercised in full. The selling shareholders include Lightspeed Founder and CEO Dax Dasilva, Caisse de dépôt et placement du Québec and Inovia Capital. Lightspeed, a Montréal-based retail and restaurant point-of-sale and e-commerce platform, closed its initial public offering (IPO) in Canada earlier this year, raising $276 million. The IPO valued the company at $1.5 billion.
Lightspeed POS (TSX: LSPD), a Montréal-based retail and restaurant point-of-sale and e-commerce platform, has filed a preliminary supplement to an August 6 prospectus for an offering of subordinate voting shares. A total of about 6.6 million shares will be offered for sale, about 5.4 million of which will be offered by selling shareholders, including Caisse de dépôt et placement du Québec (CDPQ) and Inovia Capital. The price of the shares to be sold was not released. The offering includes a greenshoe option. Lightspeed completed an initial public offering (IPO) in Canada earlier this year, raising $276 million. The IPO valued the company at $1.5 billion.
WeWork expects to make public the prospectus for its IPO this week, Bloomberg is reporting. WeWork, an office sharing startup, is looking to raise more than $3.5 billion, the story said.
Lake Forest, California-based InMode Ltd, a provider of medical technologies, has raised $70 million for its IPO after pricing its 5 million shares at $14 per share. The stock began trading August 8, 2019 on the NASDAQ under the ticker symbol "INMD." Barclays Capital Inc. and UBS Investment Bank are the lead underwriters. InMode's pre-IPO backers include Israel Healthcare Ventures.
Vista Oil & Gas, a Latin America oil and gas company, has debuted its IPO after pricing its 10 million shares at $9.25 per share. The stock began trading July 26, 2019 on the New York Stock Exchange under the ticker symbol "VIST." Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are the lead underwriters. Vista Oil & Gas is backed by Riverstone.
Houston-based Sunnova, a residential solar and energy storage service provider, has debuted its IPO after pricing its 14 million shares at $12 per share. The stock began trading July 25, 2019 on the New York Stock Exchange under the ticker symbol "NOVA." BofA Merrill Lynch, J.P. Morgan and Goldman Sachs are the lead underwriters. Sunnova's pre-IPO backers included Energy Capital Partners.