AnalytixInsight

This past week was relatively quiet in terms of new public markets funding, in fact, in the United States, Barrons observed — DLocal is the only IPO this week due to the Memorial Day holiday. Next week, several companies are scheduled to go public, including TaskUs, LifeStance Health Group, and monday.com. We hosted an investor presentation for Sophic Client. In Canada, Dye & Durham (DND-TSX), following an indication of interest from a shareholder group led by management to acquire the Company, its board of directors has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. The indication of interest would result in Dye & Durham being taken private at an approximate 23% premium to the current market value, being a per share value of $50.50 — recall the company raised $200 million in equity at $50.50/sh (in addition to convertible debt), a few months ago.

The holiday shortened last week in Canada, saw very healthy levels of capital markets activity, in public markets, including IPOs, equity financings and some convertible debt as well. VC financing had positive newsflow as well. In addition, many companies, including multiple Sophic clients reported their quarterly financial results. In the USA, we’re paying attention to Acorns’ potential SPAC deal, Vimeo’s public market debut, additional stock awards at WeWork, and Amazon’s MGM acquisition, which we mentioned when the potential acquisition first surfaced a week ago. Outside North America, we’re watching Gojek and Tokopedia’s holding group GoTo’s IPO and fundraising later this year, and Paytm’s potential IPO in India.