The initial public offering (IPO) market remained active as October came to an end, with 13 traditional IPOs more than $6.23 billion.
In the largest deal of the week, GlobalFoundries Inc. (NASDAQ: GFS) raised $2.585 billion after pricing its shares at the high end in its debut. The U.S.-based company is one of the world's leading specialty semiconductor foundries. The stock ended the week up 4%.
In the week's best performance, Arteris, Inc. (NASDAQ: AIP) finished the week up 60% after pricing shares at its low end to raise $70 million in its debut. The technology firm develops and licenses interconnect intellectual property that manages the on-chip communications in semiconductor devices.
Here's the rest of the week's listings in order of offering amount:
Fluence Energy, Inc. (NASDAQ: FLNC) priced shares above its range to raise $868 million. The company provides energy storage products to utilities, power producers, and commercial and industrial customers. The company ended the week up 27%.
Informatica, Inc. (NYSE: INFA) priced its shares at the low end to raise $841 million. The company offers an enterprise cloud data management platfrom for large companies. The stock finished up 2%.
HireRight Holding Corp. (NYSE: HRT) priced shares below its range to raise more than $422 million. The hiring solutions provider is one of the lease U.S. providers of background checks for corporate customers. The stock ended the week down 9%.
Udemy, Inc. (NASDAQ: UDMY) priced shares at the high end to raise nearly $421 million. The online education marketplace offers over 183,000 courses serving 44 million free and paid students and 8,700 enterprise customers. The stock ended the week down 5%.
Rent the Runway, Inc. (NASDAQ: RENT) priced its upsized offering at the high end to raise $357 million. The apparel rental company originally focused on fashion rentals for events, but has gradually transitioned to generating most of its revenue from monthly subscription boxes. The stock finished the week down 18%.
Solo Brands, Inc. (NYSE: DTC) priced shares at the high end to raise more than $219 million. The company sells fire pits, camp stoves, and other outdoor gear through its Direct-to-Consumer e-commerce platform. The stock ended the week up 8%.
Entrada Therapeutics, Inc. (NASDAQ: TRDA) priced its upsized offering at its midpoint to raise $181.5 million. The rare disease focused biotech's most advanced candidate, ENTR-601-44, is being developed for patients with Duchenne muscular dystrophy that are exon 44 skipping amenable. The company plans to submit an Investigative New Drug application for the candidate to the U.S. Food and Drug Administration (FDA) in 2022. The stock ended the week up 20%.
Sonendo, Inc. (NYSE: SONX) priced its shares below its range to raise $93.6 million. The company has developed its claimed first and only FDA-cleared system for root canal therapy, called the GentleWave System. The stock finished the week down 23%.
AirSculpt Technologies, Inc. (NASDAQ: AIRS) priced shares at the low end to raise $77 million. The company provides minimally-invasive body contouring procedures through 16 centers across 13 states in the United States. The stock ended the week up 45%.
Aura Biosciences, Inc. (NASDAQ: AURA) priced its upsized offering at the low end of its range to raise $75.6 million. The solid tumor focused biotech's first Virus-Like Drug Conjugate candidate, AU-011, is being developed for the first line treatment of choroidal melanoma, a rare disease with no drugs approved for treatment. The stock ended the week up 6%.
Marpai, Inc. (NASDAQ: MRAI) priced its shares below the range to raise $25 million. The company provides and manages a health plan platform for self-insured employers that pay for their employees' healthcare benefits. The stock ended the week up 40%.