3 IPOs Exceed $1B Amid Market Volatility, Others Delay

Law360 (October 29, 2020, 7:56 PM EDT) -- Three companies went public on Thursday following the stock market's worst day in four months, led by a $680 million initial public offering by pool supplies company Leslie's Inc., while others postponed plans to go public amid the market volatility.

Leslie's, advised by Kirkland & Ellis LLP, completed the largest deal in the queue after selling 40 million shares at $17 each late on Wednesday. The IPO price topped its range of $14 to $16.

Private equity-backed Leslie's was joined by chip producer Allegro MicroSystems Inc., which raised $350 million, and biotechnology company Galecto Inc., which raised $85 million.

The trio...

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