After a slow start to the month, December's initial public offering (IPO) market picked up slightly last week with three traditional offerings raising $3.9 billion. The week ahead also plans to match that activity, with three companies planning to raise nearly $1 billion as the year comes to a close.
In the week's biggest offering and best performance, Nu Holdings Ltd. (NYSE: NU) raised $2.6 billion after pricing shares at the high end of its downwardly revised range and ended the week up 32%. The Brazilian online-only bank was formed to launch a no-fees credit card with a mobile-first customer experience, but has since expanded to offer other financial products to nearly 50 million customers.
Here's the rest of the week's listings in order of offering amount:
HashiCorp, Inc. (NASDAQ: HCP) raised $1.2 billion after pricing its shares well above its range. The cloud infrastructure platfrom provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. The stock ended the week up 7%.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) raised $100 million after pricing its shares at the low end of its range. The REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties, with its current portfolio consisting of firms operating in the cannabis industry. The stock finished up 2%.
Here's next week's line-up:
Samsara Inc. (NYSE: IOT) plans to raise more nearly $926 million from 35 million shares priced between $20 to $23 each. The IoT solutions developer provides a cloud-based platform that enhances operational efficiency and asset and employee productivity for businesses.
Fresh Vine Wine, Inc. (NYSE: VINE) plans to raise over $25 million from 2.2 million shares priced between $9 to $10 each. The celebrity-founded wine company sells low carb, low calorie premium wines through wholesale, retail and DTC channels throughout the United States.
Sidus Space Inc. (NASDAQ: SIDU) plans to raise $18 million from 3 million shares priced between $4 to $6 each. The company provides commercial satellite services, including design, manufacute, launch, and data collection.