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Brunswick Group handled the initial public offering of ZoomInfo Technologies, which raised nearly $1B to rank as the biggest tech stock offering of the year.
Kicking off at $21 per-share, ZoomInfo soared more than 90 percent before closing for a 62 percent first-day gain on June 4. It currently trades at $44.32.
The Wall Street Journal said the offering "injected another dose of confidence into the previously restrained IPO market as potential issuers were scared by the turmoil triggered by the COVID-19 pandemic."
Vancouver-based ZoomInfo is not related to Zoom Video Communications, video conferencing company. Its market intelligence platform delivers analytics on 14M companies and is used by more than 15K companies.
Brunswick's Ash Spiegelberg and Mylene Mangalindan handle ZoomInfo business.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
