Backed by Softbank's (SFBTY) Vision Fund, Compass raised $450M in its initial public offering, after slashing the number of shares to be sold and lowering its target range. Meanwhile, Frontier Airlines' parent company raised $570M in its market debut, while Coursera ended its first trading day up 36% at $45 per share.

LATEST IPOS:

Compass (CMPX) opened on April 1 at $21.25. The company had priced its initial public offering of 25M shares of its class A common stock at a public offering price of $18.00 per share. The deal's original range was $23-$26 per share. Goldman Sachs, Morgan Stanley and Barclays Capital acted as the lead bookrunning managers for the proposed offering. Deutsche Bank and UBS Investment Bank acted as bookrunning managers. Compass is a real estate brokerage company.

Karooooo (KARO) opened on April 1 at $29. The company had priced its 4M share initial public offering at $28 per shared. Morgan Stanley and BofA Securities acted as lead book-running managers for the proposed offering. William Blair acted as book running manager, and Canaccord Genuity, Raymond James and Stifel acted as co-managers for the proposed offering. Karooooo is a provider in the telematics industry that offers real-time mobility data analytics solutions for smart transportation.

Frontier Group (ULCC) opened on April 1 at $18.61. The company had priced its initial public offering of 30M shares of its common stock at a price to the public of $19.00 per share. The offering consists of 15M shares of common stock offered by Frontier and 15M shares of common stock to be sold by certain of Frontier's existing stockholders. Citigroup, Barclays, Deutsche Bank, Morgan Stanley and Evercore ISI acted as lead bookrunners for the proposed offering. BofA Securities, J.P. Morgan, Nomura, UBS Investment Bank, Cowen and Raymond James acted as additional bookrunners for the proposed offering. Frontier operates more than 100 A320 family aircraft and is headquartered in Denver, Colorado.

Smart Share Global (EM) opened on April 1 at $10. The company had priced its initial public offering of 17.65M American depositary shares at a public offering price of $8.50 per share. The deal priced below the $10.50-$12.50 per share range. Goldman Sachs - Asia, Citigroup and China Renaissance Securities acted as joint bookrunners and as representatives of the underwriters for the offering. Tiger Brokers, BOCI Asia Limited, Futu and SNB Finance were co-managers for the offering. Smart Share Global is a consumer tech company providing mobile device charging service.

Coursera (COUR) opened on March 31 at $39. The company had priced 15.73M shares at $33.00, at the high end of the $30.00-$33.00 target range. Morgan Stanley and Goldman Sachs acted as joint book running managers for the offering. Coursera offers individuals access to online courses and degrees from top universities.

Achilles Therapeutics (ACHL) opened on March 31 at $18. The company had priced 9.75M shares at $18.00, at the midpoint of the $17.00-$19.00 target range. JPMorgan, BofA, Piper Sandler, Chardan, Oppenheimer and Kempen & Co. acted as joint book running managers for the offering. Achilles Therapeutics is a clinical-stage biopharmaceutical company developing precision T cell therapies to treat solid tumors.

PERFORMANCE:

• Compass ended the week at $37.50.
• After opening at $29, Karooooo finished Friday $33.99.
• Frontier Group ended the week at $18.85.
• Smart Share Global finished Friday at $8.54.
• After opening at $39, Coursera ended the week at $45.78.
• Achilles Therapeutics finished Friday at $16.

UPCOMING IPOS: Among the upcoming IPOs are Coinbase (COIN),  Agilon Health (AGL), Save Foods (SVFD), Regencell Bioscience (RGCB), Latham Group (SWIM), and Endeavor Group (EDR). According to recent reports, upstart food companies Chobani and Oatly, and business payments processor AvidXchange are also making plans to come public.

The largest domestic cryptocurrency exchange, Coinbase Global, is planning to debut its shares with a direct listing near April 14, Bloomberg reported. A reference price will be disclosed the night before the company, which is reportedly valued at approximately $90B, goes public, Bloomberg said.

Sprinklr announced the confidential submission of draft registration statement for proposed initial public offering. With the filing, Sprinklr is the latest high-profile start-up to seek an IPO. Sprinklr is a customer experience company.

Agilon Health has filed with the SEC for the initial public offering of shares of its common stock and intends to apply to list its common stock on the New York Stock Exchange under the symbol "AGL." Agilon Health is a senior-focused healthcare platform.

Save Foods has filed with the SEC for an initial public offering and applied to list its common stock on the Nasdaq Capital Market under the symbol "SVFD." The common stock is currently traded on the OTC Markets, Pink Open Market, under the symbol "SAFO." Save Foods develops products to improve the food safety and shelf life of fresh produce.

Regencell Bioscience has filed a prospectus with the SEC for an initial public offering of its ordinary shares and has applied to list its ordinary shares on the Nasdaq Capital Market under the symbol "RGCB." Regencell Bioscience Holdings is developing formulations of traditional Chinese medicine for ADHD and ASD.

Latham Group announced it has filed a registration statement on Form S-1 with the U.S. SEC 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. Latham Group is a leading designer and manufacturer of in-ground residential swimming pools.

Endeavor Group has filed with the SEC for an initial public offering of shares of Class A common stock of being offered for sale by the company. Endeavor is "a premium intellectual property, content, events, and experiences company" that owns and operates sports properties, including the UFC, produces and distributes sports and entertainment content, owns and manages exclusive live events and experiences, and represents top sports and entertainment talent.

Meanwhile, Intermedia Cloud Communications (INTM) delayed its IPO due to "challenging conditions." The company's CEO Michael Gold said that, "Due to challenging current conditions in the market for initial public offerings, especially for technology companies, we have decided to postpone our planned initial public offering. While we received strong interest and engagement from the broader institutional investor market, we are seeing adverse conditions in the current IPO market that we believe would limit the opportunity of our IPO at this time. The current adverse conditions may be short-lived, and we will continue to monitor the market for more stable and favorable IPO conditions."