#ipo

#ipo

Despite being under a year old and having no revenue, Fermi America had a very successful initial public offering (IPO) this week. The company, which aims to provide data and power centers for artificial intelligence, saw its shares (Nasdaq: FRMI) close at $32.53 on their first day of trading Wednesday, up nearly 55% from their IPO price of $21 per share. Fermi's stock price continued to rise through after-hours and into premarket trading on Thursday, reaching $36.

Wealthfront Corporation was founded 17 years ago, in 2008. It is headquartered in Palo Alto, California, and is led by CEO David Fortunato. The company is one of a number of fintech firms that operate in the robo-advisor space. It offers a financial platform and dedicated smartphone app that allow users to invest in various assets, including stocks and bonds. The company also offers cash accounts and automated index investing.

Blockchain lender Figure Technology is the latest crypto company to go public. On Thursday, Figure debuted on the Nasdaq after raising $787.5 million in its IPO. The company's shares listed at $25 but soared almost 30% to trade at $32 Thursday afternoon. That means the company, whose ticker is FIGR, is trading at about a $6 billion valuation. Founded in 2018, Figure's business centers around putting mortgages on the blockchain, which the company says speeds up the granting and funding of home loans.

Klarna, the Swedish buy-now-pay-later company, has made its highly anticipated public debut on the New York Stock Exchange (NYSE), the latest in a run of high-profile initial public offerings this year. Klarna sold 34.3 million shares to investors at $40 a share late on Tuesday and was listed on the exchange on Wednesday. That is above the forecasted range of $35 to $37 a share and values the company at more than $15bn.

Lambda Inc., a cloud infrastructure firm, is negotiating a funding round that could value it at $4 billion to $5 billion ahead of a potential IPO.

Bullish, backed by Peter Thiel, made a stellar debut, raising up to $629 million with an initial valuation of $4.2 billion, and secured an 83% surge on its IPO.

Firefly Aerospace Inc. is a space and defense technology company based in Cedar Park, Texas, specializing in space launch and landing capabilities, including small- to medium-lift launch vehicles and lunar landers.

Heartflow, a California-based medtech company, is set to list shares on the Nasdaq, aiming to raise over $208 million by offering 12.5 million shares.

The IPO of NIQ raised $1.05 billion, crucial for reducing its $4.3 billion debt, with CEO Jim Peck emphasizing the importance of capital over brand awareness.

On July 16, Via Transportation announced it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), initiating the process for a proposed IPO.