Only two initial public offerings priced last week, bringing the 2021 summer IPO to a close after a red-hot run that saw over 110 new listings. The market is taking a pause in the week ahead, with filing activity expected to pick up as Wall Street gets ready for the final stretch of the year.

Here's last week's listings it order of offering amount:

Eliem Therapeutics, Inc. (ELYM  ) raised $80 million after slashing its IPO share price range ahead of its debut. The biotech's lead candidates are ETX-810--which is developed for diabetic peripheral neuropathic pain and pain associated with sciatica--and ETX-155--which is developed for major depressive disorder, perimenopausal depression, and focal onset seizures, with the former currently in two Phase 2a clinical trials, and the latter expected to begin two Phase 2a trials. The stock ended the week up 16%.

Southern States Bancshares, Inc. (SSBK  ) priced its shares at the low end of its range to raise $38 million. The Alabama-based full service community bank offers services to businesses and individuals through 15 branches across Alabama and Georgia. As of March 31, 2021, the bank had total assets of $1.5 billion, total loans of $1.1 billion, total deposits of $1.3 billion, and total shareholders' equity of $145 million. The stock finished the week up 2%.

There are no upcoming IPOs set to price in the week ahead, with the market taking its usual August pause ahead of the fall season. Activity is expected to pick up in the coming weeks, with the IPO market again heating back up after the Labor Day holiday in early September.