The glut of upcoming, tech-heavy IPOs will keep investment bankers happy. But with many of the candidates losing money, investors are betting big on fast growth, writes AntonyMCurrie.
At least a dozen companies are planning to launch an initial public offering on a U.S. stock exchange in the week starting Sept. 14, according to data from Refinitiv. Between them they could raise some $6.8 billion, the most in a week since Uber Technologies went public in May last year.
Snowflake, the cloud-based data warehouse firm, accounts for around a third of the expected issuance, at some $2.2 billion. Unity Software, which offers a 3D, real-time development platform for video games, could raise $950 million, while fresh food- and beverage-packing company Pactiv Evergreen is targeting $800 million.
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