Kestra, which is based in Washington state, has tapped Bank of America to lead on a public listing, while Heartflow, based in Mountain View, California, is working with JPMorgan, the people said.
According to Nasdaq’s data, the U.S. saw 179 non-SPAC IPOs in 2024 – the most since 2021, and a 40% increase over 2023 (127). By value raised (ex SPACs), it was an even better year, with value raised ...