The IPO activity continues to be robust in the month of April with a total of seven IPOs launching this morning — three of which will debut this week. The tally is up to eight “traditional” IPOs this week and one MEGA-direct listing: Coinbase Global Inc (COIN).
Wednesday (4/14) Debut
- Alkami Technology Inc. (ALKT) — Alkami is a cloud-based digital banking platform.
- Coinbase Global Inc. (COIN) — They are building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system for the internet age that leverages crypto assets: digital assets built using blockchain technology.
Underwriter(s): N/A
Thursday (4/15) Debut
- Agilon Health Inc. (AGL) —Their business is transforming healthcare by empowering the primary care physician (“PCP”) to be the agent for change in the communities they serve.
- Applovin Corp. (APP) — Their software solutions provide advanced tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their apps.
- Karat Packaging Inc. (KRT) – They are a rapidly-growing specialty distributor and select manufacturer of environmentally-friendly disposable foodservice products and related items.
- TuSimple Holdings Inc. (TSP) — They are an autonomous technology company that is revolutionizing the estimated $4 trillion global truck freight market.
Friday (4/16) Debut
- Akoya Biosciences Inc. (AKYA) – They are an innovative life sciences technology company delivering spatial biology solutions focused on transforming discovery and clinical research.
- Biomea Fusion Inc. (BMEA) – They are a preclinical-stage biopharmaceutical company focused on the discovery, development and commercialization of irreversible small molecule drugs to treat patients with genetically defined cancers.
- Recursion Pharmaceuticals Inc. (RXRX) — They are a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, data science, and engineering, with the goal of radically improving the lives of patients and industrializing drug discovery.
IPOs to Debut Next Week:
Company: UiPath Inc
Symbol: PATH
Description: They provide their customers with a robust set of capabilities to discover automation opportunities and build, manage, run, engage, measure, and govern automations across departments within an organization.
Shares: 21.3 million
Price Range: $43.00-$50.00
Market Cap: $22.2b-$25.9b
Trade Date: Wednesday, 4/21
Underwriter(s): Morgan Stanley, JP Morgan, BofA Securities, Credit Suisse, Barclays, Wells Fargo
Co-Manager(s): SMBC Nikko, BMO Capital, Mizuho Securities, KeyBanc Capital, TD Securities, Truist Securities, Cowen, Evercore ISI, Macquarie Capital, Nomura, RBC Capital, Canaccord Genuity, DA Davidson, Oppenheimer, Needham
Terms Added: 4-12-21
Company: DoubleVerify Holdings, Inc.
Symbol: DV
Description: They are a leading software platform for digital media measurement and analytics.
Shares: 13.33 million
Price Range: $24.00-$27.00
Market Cap: $3.7b-$4.2b
Trade Date: Wednesday, 4/21
Underwriter(s): Goldman Sachs, JP Morgan, Barclays, RBC Capital, Truist Securities
Co-Manager(s): William Blair, KeyBanc Capital, Canaccord Genuity, JMP Securities, Needham, Loop Capital, Capital One Securities
Terms Added: 4-12-21
Company: KnowBe4, Inc.
Symbol: KNBE
Description: KnowBe4 has developed the leading security awareness platform enabling organizations to assess, monitor and minimize the ongoing cybersecurity threat of social engineering attacks.
Shares: 11.8 million
Price Range: $16.00-$18.00
Market Cap: $2.7b-$3.0b
Trade Date: Thursday, 4/22
Underwriter(s): Morgan Stanley, Goldman Sachs, BofA Securities, KKR, Citigroup, UBS
Co-Manager(s): Baird, Canaccord Genuity, Cowen, Needham, Piper Sandler, Truist Securities
Terms Added: 4-12-21
Company: SkyWater Technology, Inc.
Symbol: SKYT
Description: They are a U.S. investor-owned, independent, pure-play technology foundry that offers advanced semiconductor development and manufacturing services from their fabrication facility, or fab, in Minnesota and advanced packaging services from our Florida facility.
Shares: 5.8 million
Price Range: $12.00-$14.00
Market Cap: $442m-$516m
Trade Date: Wednesday, 4/21
Underwriter(s): Jefferies, Cowen, Piper Sandler
Terms Added: 4-12-21
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