It's been a busy week for the IPO market, with fintech startup Chime's offering sparking investor frenzy and small drone maker Airo more than doubling in debut trading. Two more big offerings are expected in New York in the coming days before the summer lull. What's new in the IPO market - in our selection.

What has come to light about future placements

- Two major IPOs are scheduled for next week ahead of an expected summer lull in the U.S. market, writes Bloomberg. Medtech company Caris Life Sciences, which uses artificial intelligence to diagnose and treat cancer, hopes to raise $423.5 million at a $5.35 billion valuation, while Slide Insurance Holdings, which specializes in home insurance in Florida and South Carolina, plans to sell $340 million worth of shares based on a company-wide valuation of more than $2 billion. 

- Jefferson Capital, which buys and manages delinquent and charged-off debt, plans to raise as much as $170 million in an IPO and raise a valuation of $1.1 billion, a rare example of a company from the debt buyout sector going public, reports Reuters. 

- Crypto exchange Bullish, in which billionaire investor Peter Thiel has invested, has filed a confidential application for an IPO in the US, sources told the Financial Times. The company is preparing to float shares amid strong investor demand for crypto assets. Last week, cryptocurrency company Circle, which issues the USDC stablecoin, showed its best debut on the New York Stock Exchange in years. Its shares soared nearly 170% on the first day of trading. Bullish has not officially announced the decision to float the stock and did not respond to requests for comment.  

- Defense technology startup Anduril is «definitely going to be a public company,» its CEO Palmer Lackey told CNBC. The television channel placed the developer at the top of its Disruptor 50 ranking of the most innovative private companies - higher than OpenAI. Lucky did not give a timeline for a possible IPO. For now, Anduril doesn't need money from retail investors - the startup recently raised $2.5 billion at a $30.5 billion valuation. 

Results of recent IPOs

- Demand for shares of fintech company Chime outstripped supply 20 times in its IPO, writes Bloomberg. The company and its investors raised $864 million, selling shares above the previously announced price range. The startup's shares soared 37% in debut trading on June 12, with a market capitalization of more than $13 billion. 

- Shares of Voyager, a space company commissioned by NASA to develop a new space station, soared 82% on the first day of trading June 11. The company raised $382.8 million in its IPO, which was boosted by strong demand, and was valued at $3.8 billion.  

- Small drone maker Airo debuted on the New York Stock Exchange on June 13, ending the day up 140%. It is the third company since the beginning of the month whose shares more than doubled in early trading, noted Bloomberg. The aerospace company raised $60 million, raising the offering but valuing the stock below the market range. During the first trades, quotes rose nearly 300% and the company's capitalization approached $1 billion. 

Other important news from the world of IPO 

- European stock exchanges are stepping up the battle for the biggest IPOs as fewer large companies decide to go public in the region, Bloomberg reported. Stockholm, Amsterdam, Zurich and London competed for the right to host the initial public offering of security company Verisure, valued at €20 billion ($22.8 billion), and the company eventually decided to IPO in Sweden. The fight for the next big IPO has already begun - Amsterdam and London are bidding for the IPO of Norwegian software developer Visma, sources told Bloomberg.  

Europe, where capital markets are fragmented and stocks are relatively undervalued, has a harder time recovering from the long IPO market lull than other regions, the agency said. According to its data, Europe has accounted for only 8% of global IPOs since the beginning of the year, compared to an average of 16% over the past decade. In addition, there have been relatively few large offerings in Europe in recent years, with the largest deal this year raising less than $1 billion.

 

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