Calendar Heating Up: Seven Companies Set Terms for IPOs Next Week

A total of seven companies set terms for an IPO next week. The collection includes fintech disruptor, Affirm Holdings, mobile game developer Playtika and consumer brands like Petco, Poshmark and Driven Brands.

TERMS ADDED

Company: Affirm Holdings, Inc
Symbol: AFRM
Description: They are building the next generation platform for digital and mobile-first commerce.
Shares: 24.6 million
Price Range: $33.00-$38.00
Market Cap: $8.0b-$9.2b
Trade Date: Wednesday, 1/13
Underwriter(s): Morgan Stanley, Goldman Sachs, Allen & Co., RBC Capital Markets, Credit Suisse, Barclays
Co-Manager(s): Truist Securities, Siebert Williams Shank, Deutsche Bank Securities ​ ​
Terms Added: 1-5-21

Company: Petco Health and Wellness Company, Inc.
Symbol: WOOF
Description: They are a purpose-driven company dedicated to improving the lives of pets, their parents, and the partners who work for them..
Shares: 48 million
Price Range: $14.00-$17.00
Market Cap: $3.1b-$3.75b
Trade Date: Thursday, 1/14
Underwriter(s): Goldman Sachs, BofA Securities, Citigroup, Evercore ISI, Credit Suisse, UBS, Wells Fargo Securities
Co-Manager(s): Baird, Guggenheim Securities
Terms Added: 1-6-21

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: 6.6 million
Price Range: $35.00-$39.00
Market Cap: $2.6b-$2.9b
Trade Date: Thursday, 1/14
Underwriter(s): Morgan Stanley, Goldman Sachs, Barclays
Co-Manager(s):Stifel, William Blair, Raymond James, Cowen, JMP Securities ​ ​
Terms Added: 1-6-21

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 “BTCothers.
Shares: 2.35 million
Price Range: $16.00-$18.00
Market Cap: $262m-$294m
Trade Date: Wednesday, 1/13
C”) and Underwriter(s): Canaccord Genuity, The Benchmark Company
Terms Added: 1-6-21

Company: Kuke Music Holding Limited
Symbol: KUKE
Description: They are a leading provider of classical music licensing, subscription and education services in China.
Shares: 5 million ADSs
Price Range: $10.00-$12.00
Market Cap: $296m-$$355m
Trade Date: Week of 1/11
Underwriter(s): Deutsche Bank, Tiger Brokers, AMTD, China Securities Int’l
Co-Manager: Valuable Capital
Terms Added: 1-6-21

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 their users.
Shares: 69.5 million
Price Range: $22.00-$24.00
Market Cap: $9.1b-$9.9b
Trade Date: Friday, 1/15
Underwriter(s): Morgan Stanley, Credit Suisse, Citigroup, Goldman Sachs, UBS Investment Bank, BofA Securities
Co-Manager(s): Baird, Cowen, Stifel, Wedbush Securities
Terms Added: 1-7-21

Company: Driven Brands Holdings Inc.
Symbol: DRVN
Description: Driven Brands is the largest automotive services company in North America with a growing and highly-franchised base of more than 4,100 locations across 49 U.S. states and 14 international countries.
Shares: 38 million
Price Range: $17.00-$20.00
Market Cap: $2.9b-$3.4b
Trade Date: Friday, 1/15
Underwriter(s):Morgan Stanley, BofA Securities, Goldman Sachs, J.P. Morgan, Barclays
Co-Manager(s): Credit Suisse, Baird, Piper Sandler, William Blair
Terms Added: 1-7-21

NEW FILINGS

Company: Cardiva Medical, Inc.
Symbol: TBD
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a medical device company focused on transforming vascular closure for the benefit of patients, hospitals and physicians.
Underwriter(s): J.P. Morgan, BofA Securities, Canaccord Genuity, Stifel
Filed: 1-04-21
Listed Cash Raise: $75

Company: Ortho Clinical Diagnostics Holdings plc
Symbol: OCDX
Description: Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a pure-play in vitro diagnostics (“IVD”) business driven by our credo, “Because Every Test is A Life.”
Underwriter(s): J.P. Morgan, BofA Securities, Goldman Sachs, Barclays, Morgan Stanley, Citigroup, Credit Suisse, UBS Investment Bank, Evercore ISI, Piper Sandler
Co-Manager(s): ING, Macquarie Capital, , Nomura, TCG Capital Markets, Drexel Hamilton, H.C. Wainwright, Ramirez & Co., Siebert Williams Shank
Filed: 1-04-21
Listed Cash Raise: $100m

Company: Vinci Partners Investments Ltd.
Symbol: VINP
Description: Vinci Partners is a leading alternative investment platform in Brazil, established in 2009.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): J.P. Morgan, Goldman Sachs, BTG Pactual
Filed: 1-04-21
Listed Cash Raise: $100m

Company: AmeriHome, Inc.
Symbol: AHM
Description: They are the No.1 branded e-vapor company in China, capturing 48.0% and 62.6% of the market share of closed-system e-vapor products in terms of retail sales value in 2019 and the nine months ended September 30, 2020, respectively, according to the CIC Report.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Credit Suisse Securities, Goldman Sachs, J.P. Morgan Securities, Wells Fargo, Barclays Capital, BofA Securities, Citigroup RBC Capital Markets UBS Investment Bank
Co-Manager(s): Apollo Global Securities, Houlihan Lokey, Siebert Williams Shank & Co
Filed: 1-04-21
Listed Cash Raise: $100m
Note: Previously Postponed in October 2020