Sansan, a Japanese business card app operator, has priced its IPO, raising $360 million, according to Reuters. The stock will list on the Tokyo Stock Exchange on June 19. Sansan's backers include Japan Post Capital and T. Rowe Price.
Cambium, a provider of wireless broadband networking infrastructure solutions, 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 its stock on the NASDAQ under the ticker symbol "CMBM." J.P. Morgan Securities LLC and Goldman Sachs will serve as lead underwriters. Cambium is a portfolio company of Vector Capital.
Crowdstrike, the cybersecurity company, filed May 14 to go public, according to an SEC filing. The company plans to trade on the Nasdaq under the ticker “CRWD.” Crowdstrike, of Sunnyvale, California did not reveal how many shares it would sell or their offer price. That will come in future filings. Crowdstrike is backed by Warburg Pincus, Accel and Alphabet.
Galvanize Inc, formerly ACL Services Ltd, a Vancouver-based governance, risk management and compliance software provider, is preparing for an initial public offering (IPO), according to a report by the Globe and Mail. President and CEO Laurie Schultz told the Globe that Galvanize aims to be "public company-ready by 2022." Founded in 1987, Galvanize two years ago secured a $50 million minority investment from U.S. venture capital and growth equity firm Norwest Venture Partners. The deal was intended to accelerate the company’s consolidation of the integrated risk and performance software market. The Globe said Norwest has invested a total of US$70 million in Galvanize.
South San Francisco-based Cortexyme Inc, a developer of drugs focused on treating Alzheimer’s disease and other degenerative diseases, has debuted its IPO after pricing its over 4.4 million shares at $17 per share. The stock began trading May 9, 2019 on the NASDAQ under the ticker symbol "CRTX." BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are the lead underwriters. Cortexyme's pre-IPO backers included Sequoia Capital, Vulcan Capital, Verily Life Sciences, EPIQ Capital Group, RSL Investments, Huizenga Capital, Pfizer, Takeda Ventures, Lamond Family, Breakout Ventures and Dolby Family Ventures.
Mercer Park Brand Acquisition Corp has filed a final prospectus with Canadian regulatory authorities outside of Québec for an initial public offering (IPO). The IPO is for Class A restricted voting units of US$10 per unit, for total proceeds of US$350 million, not including the greenshoe option, up from a prior target of US$250 million. Mercer Park Brand, a special purpose acquisition corporation (SPAC) sponsored by U.S. family office Mercer Park, intends to list on the Neo Exchange. For a qualifying transaction, the SPAC will target one or more acquisitions involving branded product businesses in cannabis and cannabis-adjacent industries.
China-based So-Young International Inc, an online plastic surgery marketplace, has raised $179.4 million for its IPO after pricing its 13 million shares at $13.80 per share. The stock began trading May 2, 2019 on the NASDAQ under the ticker symbol "SY." Deutsche Bank Securities Inc and China International Capital Corporation Hong Kong Securities Limited are the underwriters. So-Young's pre-IPO backers include Matrix Partners, Trustbridge Partners, Apax Partners and Orchid Asia.
Chewy Inc, the pet retailer majority owned by PetSmart, filed to go public, according to an April 29 SEC filing. Chewy did not disclose how many shares it would sell or their price range. That will come with future filings. The company will trade under the ticker “CHWY” but did not reveal what exchange its shares would trade on, according to the filing. A consortium of PE firm acquired PetSmart in 2015 including BC Partners and Caisse de dépôt et placement du Québec. PetSmart acquired Chewys in 2017 for $3.35 billion.
Slack Technologies Inc has filed to go public on the New York Stock Exchange, according to a regulatory filing dated April 26. Slack did not list how many shares it would sell or their price range. The filing also did not list underwriters. Slack is going public through a direct listing and will publicly offer shares of the company to anyone who wants to buy them on opening day, recode said. Slack said in the filing that listing its stock on the NYSE without underwriters “is a novel method for commencing public trading in shares of our Class A common stock, and consequently, the trading volume and price of shares of our Class A common stock may be more volatile than if shares of our Class A common stock were initially listed in connection with an underwritten initial public offering.” Slack is backed by Accel, Andreessen Horowitz, Social Capital and SoftBank.
Acelity LP Inc, a San Antonio, Texas-based wound care and surgical applications company, said its affiliate KCI Holdings Inc has filed with the U.S. Securities and Exchange Commission for a proposed initial public offering. The number and price of shares to be sold on the New York Stock Exchange has not been determined. Following the offering, KCI's owners, Apax Partners, Canada Pension Plan Investment Board (CPPIB) and Public Sector Pension Investment Board (PSP Investments), will continue to hold a majority stake, the filing said. Apax, CPPIB and PSP Investments acquired KCI in 2011 for US$6.3 billion.