Blockbuster IPO Day For New Tech Listings
Tech firms dominated a huge day for IPOs on Wall St with Didi Chuxing, CLEAR and SentinelOne all deputing on the iconic market board.
Uber and Tencent joined SoftBank as the biggest stakeholders in Chinese ride-hailing service Didi Chuxing, which debuted on the NYSE and closed with a market cap of US$67.8 billion.
Delta Air Lines is one of the top investors in airport security vendor CLEAR, which rang the opening bell at the NYSE.
Among venture companies, New York’s Insight Partners had the biggest day due to its $1.45 billion stake in cybersecurity software company SentinelOne, while Highland Capital owns shares worth over $500 million in Xometry, a manufacturing marketplace.
LegalZoom also celebrated its Nasdaq debut along with ad tech-company Integral Ad Sciences. The latest round follows last week’s IPOs of software companies Confluent and Doximity.