MediaAlpha soared more than 60% in its first trading day this week, continuing the trend of "insurtechs" posting strong debuts. Fellow insurance-technology companies Lemonade (LMND) and Duck Creek Technologies (DCT) also jumped in their first day performances. Leslie's, the pool and spa retailer, also rose as high as 30% on Thursday. Root, however, didn't do as well, ending its first trading day flat.

LATEST IPOS:

Lufax (LU) opened on October 30 at $11.60 after pricing 175M shares at $13.50. Goldman Sachs, BofA, UBS and HSBC acted as joint book running managers for the offering. Lufax is a former peer-to-peer giant that has morphed into a provider of wealth management and retail lending services in China.

Atea Pharmaceuticals (AVIR) opened on October 30 at $27.02. Atea priced 12.5M shares at $24.00 after the deal size was increased to 12.5M shares from 11.0M. JPMorgan, Morgan Stanley, Evercore ISI and William Blair are acting as joint book running managers for the offering. Atea Pharmaceuticals is a clinical-stage biotech that specializes in anti-viral therapies.

SQZ Biotechnologies (SQZ) opened on October 30 at $15.05. SQZ priced 4.412M shares at $16.00, the low end of a $16.00-$18.00 range. BofA, Evercore ISI and Stifel are acting as joint book running managers for the offering. SQZ Biotechnologies is researching treatments for HPV+ solid tumors and other conditions using its "Cell Squeeze" approach.

Leslie's (LESL) opened on October 29 at $20.60. The company had priced 40M shares at $17.00, above the $14.00-$16.00 target range. Goldman Sachs, Morgan Stanley and BofA acted as joint book running managers for the offering. The offering consists of 30M shares of common stock being sold by Leslie's and 10M shares of common stock being sold by a parent entity of Leslie's majority owned by L Catterton and GIC. Leslie's is a direct-to-consumer brand in the U.S. pool and spa care industry.

Allegro MicroSystems (ALGM) opened on October 29 at $19.40. The company had priced 25M shares at $14.00. The deal range was $12.00-$14.00. Barclays, Credit Suisse, Wells Fargo, Jefferies, Mizuho, Needham and SMBC Nikko acted as joint book running managers for the offering. Allegro MicroSystems is a sensing and power semiconductor company.

Galecto (GLTO) opened on October 29 at $15. The company had priced 5.667M shares at $15.00. The deal range was $14.00-$16.00. BofA, SVB Leerink and Credit Suisse acted as joint book running managers for the offering. Galecto is a Phase 2 biotech developing therapeutics for fibrosis and related diseases.

Biodesix (BDSX) opened on October 28 at $13.59. The company had priced 4M shares at $18.00. The deal range was trimmed to 4M shares from 4.167M shares and priced within the $17.00-$19.00 range. Morgan Stanley and William Blair acted as joint book running managers for the offering. Biodesix is a lung cancer diagnostics company.

Root (ROOT) opened on October 28 at $26. The company had priced 26.831M shares at $27.00. The deal size was increased to 26.8M shares from 24.2M shares and priced above the $22.00-$25.00 range. Goldman Sachs, Morgan Stanley, Barclays and Wells Fargo acted as joint book running managers for the offering. Root Insurance is a neoinsurance provider.

MediaAlpha (MAX) opened on October 28 at $23. The company had priced 9.25M shares at $19.00. The deal priced within the $18.00-$20.00 range. JPMorgan, Citi, Credit Suisse, RBC Capital, Canaccord and William Blair acted as joint book running managers for the offering. In the offering, 6,258,502 shares were offered by MediaAlpha and 2,991,498 shares were offered by White Mountains Insurance Group (WTM). MediaAlpha is one of the largest online customer acquisition channels in the property and casualty, health, and life insurance industries. The company uses technology and data science to help insurance carriers and distributors acquire customers.

Gatos Silver (GATO) opened on October 28 at $6.50. The company had priced 21.43M shares at $7.00. The deal size was increased to 21.43M shares from 18.75M and priced at low end of $7.00-$9.00 target range. BMO Capital, Goldman Sachs and RBC Capital acted as joint book running managers for the offering. Gatos Silver is a precious metals producer.

SPAC IPOS:

Conx (CONX) priced 75M units at $10 per unit and opened at $10 per unit on October 30. The blank check company intends to focus on identifying a prospective target in the technology, media and telecommunications industry, including the wireless communications industry.

New Beginnings Acquisition (NBA) opened at $9.99 on October 30 after its IPO of 10M units priced of $10.00 per unit. The company intends to initially focus on companies in the travel, hospitality, leisure, financial technology, insurance technology and property technology sectors. It is led by Chairman Russell Galbut, co-founder and Managing Principal of Crescent Heights, and Chief Executive Officer and Director Michael Liebowitz, who serves as a Managing Director and Executive Vice President of Alliant Insurance Services.

Duddell Street Acquisition (DSAC) opened on October 29 at $9.85. The blank check company had priced its initial public offering of 17.5M units at $10.00 per unit. Duddell Street Acquisition intends to focus on "global companies in telecom, media and technology, healthcare, fintech and consumer sectors with compelling Asian growth potential."

Ajax I (AJAX) opened on October 28 at $10. The blank check company had priced its initial public offering of 75M units at a price of $10.00 per unit. Ajax intends to pursue investment opportunities "with companies in sectors that align with the experience of its founders, management team and strategic advisors and that have defensible business models, large and growing end markets, and superior unit economics."

Lux Health Tech Acquisition (LUXA) opened on October 27 at $10. The blank check company had priced its initial public offering of 30M units at $10.00 per unit.

PERFORMANCE:

• Lufax ended Friday at $12.85.
• After opening at $27.02, Atea Pharmaceuticals ended Friday at $30.34.
• Leslie's finished the week at $21.97.
• After opening at $19.40, Allegro MicroSystems ended Friday at $18.30.
• Galecto  finished the week at $15.
• Biodesix ended Friday at $12.43 after opening at $13.59.
• Root finished the trading week at $23.97.
• After opening at $23, MediaAlpha ended Friday at $33.83.
• Gatos Silver finished the week at $6.70.

UPCOMING IPOS

Among the upcoming IPOs are Airbnb (AIRB), Compass Therapeutics (CMPX), Caliber Home Loans (HOMS), and NeoGames (NGMS).

Airbnb, the home rental company, has announced that it confidentially submitted a draft registration Statement on Form S-1 to the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.

Compass Therapeutics has filed an S-1 with the SEC for a planned initial public offering and announced in a regulatory filing that it has applied to list its common stock on The Nasdaq Capital Market under the symbol "CMPX." Compass Therapeutics is a clinical-stage biopharmaceutical company developing proprietary antibody therapeutics intended to engage the immune system to treat both solid tumors and hematological malignancies. Its immuno-oncology product candidates include a clinical-stage monoclonal antibody and a portfolio of bispecific antibodies.

Caliber Home Loans is a financial services company and an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved servicer for FHA, VA and the USDA.

NeoGames is a lottery solutions provider. The company currently supplies lotteries across Europe and North America with its B2B technology.