New Filings: Poshmark tips hand, files paperwork for IPO

The end of the 2020 IPO calendar was red hot with the impressive debuts of tech titans Airbnb, DoorDash and C3.Ai Inc. The show WILL GO ON and the IPO pipeline is in need of a “refresh”.  That “refresh” has begun with a pair of filings to officially hit the SEC.

There have also been a number of companies that have confidentially filed for its IPO which will set the table for a 1H 2021 IPO. A high-profile company, Coinbase, announced its confidential IPO filing on Thursday.

NEW FILINGS

Company: Poshmark, Inc
Symbol: POSH
Description: They are a social marketplace that combines the human connection of a physical shopping experience with the scale, reach, ease, and selection benefits of eCommerce.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, Goldman Sachs, Barclays
Co-Manager(s):Stifel, William Blair, Raymond James, Cowen, JMP Securities ​ ​
Filed: 12-17-21
Listed Cash Raise: $100m

Company: Montauk Renewables, Inc.
Symbol: MNTK
Description: Montauk Renewables, Inc., a Delaware corporation, is a renewable energy company specializing in the recovery and processing of environmentally detrimental methane from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Roth Capital
Filed: 12-11-20
Listed Cash Raise: $20m

Company: Gracell Biotechnologies Inc.
Symbol: GRCL
Description: They are a global clinical-stage biopharmaceutical company dedicated to discovering and developing breakthrough cell therapies to address major industry challenges and fulfill unmet medical needs in the treatment of cancer.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Citigroup, Jefferies, Piper Sandler, Wells Fargo
Filed: 12-18-20
Listed Cash Raise: $100m

Company: Cullinan Oncology, LLC
Symbol: CGEM
Description: They are a biopharmaceutical company focused on developing a diversified pipeline of targeted oncology and immuno-oncology therapies with transformative potential for cancer patients.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, SVB Leerink, Evercore ISI
Co-Manager: HC Wainwright
Filed: 12-18-20
Listed Cash Raise: $100m

Company: Motorsport Gaming US LLC
Symbol: MSGM
Description: Motorsport Games is a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, including NASCAR, the iconic 24 Hours of Le Mans endurance race (“Le Mans”) and the associated FIA World Endurance Championship (the “WEC”), the British Touring Car Championship (the “BTCC”) and others.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Canaccord Genuity, The Benchmark Company
Filed: 12-18-20
Listed Cash Raise: $40m

Company: Playtika Holding Corp.
Symbol: PLTK
Description: They are one of the world’s leading developers of mobile games creating fun, innovative experiences that entertain and engage our users.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, Credit Suisse, Citigroup, Goldman Sachs, UBS Investment Bank, BofA Securities
Co-Manager(s): Baird, Cowen, Stifel, Wedbush Securities
Filed: 12-18-20
Listed Cash Raise: $100m