Opening Day: ZoomInfo Soars In First Tech IPO Of COVID Era

ZoomInfo soared in its debut on Thursday in the first tech initial public offering since the COVID-19 pandemic hit the world.

LATEST IPOS:

ZoomInfo (ZI) opened on June 4 at $40. The company had priced 44.5M shares at $21.00. The deal priced above the $19.00-$20.00 range. JPMorgan and Morgan Stanley acted as joint book running managers for the offering. ZoomInfo is a go-to-market intelligence platform for sales and marketing teams.

Warner Music (WMG) opened on June 3 at $27. The company had priced 75M shares at $25.00. The deal size was increased to 75M shares from 70M shares and the range was $23.00-$26.00. Morgan Stanley, Credit Suisse and Goldman Sachs acted as joint book running managers for the offering. Warner Music is the world’s third-largest record label.

Pliant Therapeutics (PLRX) opened on June 3 at $27.25. The company had priced 9M shares at $16.00. The deal priced at the high end of the $14.00-$16.00 range. Citi, Cowen and Piper Sandler acted as joint book running managers for the offering. Pliant Therapeutics is a clinical stage biopharmaceutical company focused on discovering and developing novel therapies for the treatment of fibrosis.

Shift4 Payments (FOUR) opened on June 5 at $33.10. The company had priced 15M shares at $23.00. The deal size was increased from 14M to 15M shares and priced above the target $19-$21 range. Citi, Credit Suisse and Goldman Sachs acted as joint book running managers for the offering. Shift4 Payments provides secure payment processing solutions and serves merchants ranging from SMBs to large enterprises.

Legend Biotech (LEGN) opened on June 5 at $37. The company had priced 18.425M shares at $23.00, above the $18.00-$20.00 range. Morgan Stanley, JPMorgan and Jefferies acted as joint book running managers for the offering. The stock opened at $37 per share. Legend is a clinical-stage biopharmaceutical company engaged in the discovery and development of novel cell therapies for oncology and other indications.

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