IPO Activity Heats Up: 11 IPOs on tap for next week

A total of 11 IPOs set terms for the upcoming week. This is on the heels of a ten deal week!  The IPO pipeline is still locked and loaded and the deal flow is likely to continue in this fast and furious fashion through April.

NEW FILINGS

Company: agilon health, Inc.
Symbol: AGL
Description: Their business is transforming healthcare by empowering the primary care physician (“PCP”) to be the agent for change in the communities they serve.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): JP Morgan, Goldman Sachs, BofA Securities, Deutsche Bank, Wells Fargo
Co-Manager(s): William Blair, Truist Securities, Nomura
Filed: 3-18-21
Listed Cash Raise: $100m

Company: DoubleVerify Holdings, Inc.
Symbol: DV
Description: They are a leading software platform for digital media measurement and analytics.
Shares: TBD
Price Range: TBD
Trade Date: TBD
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
Filed: 3-17-21
Listed Cash Raise: $100m

Company: The Fortegra Group, Inc.
Symbol: FRF
Description: They are an established, growing and consistently profitable specialty insurer.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): BofA Securities, Barclays
Filed: 3-15-21
Listed Cash Raise: $100m

Company: Smart Share Global Limited
Symbol: EM
Description: They are a consumer tech company providing mobile device charging service through an extensive online and offline network
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs, Citigroup, China Renaissance
Co-Manager(s): BOCI
Filed: 3-12-21
Listed Cash Raise: $100m

TERMS ADDED

Company: Olink Holding AB
Symbol: OLK
Description: Their purpose is to enable and accelerate the field of proteomics by providing a platform of products and services, developed with key opinion leaders (KOLs), that are deployed across major pharmaceutical companies and leading clinical and academic institutions, to deepen the understanding of real-time human biology and drive 21st century healthcare through actionable and impactful science.
Shares: 17.6 million
Price Range: $16.00-$18.00
Market Cap: $1.9b-$2.15b
Trade Date: Thursday, 3/25
Underwriter(s): Goldman Sachs, Morgan Stanley, SVB Leerink
Co-Manager(s): BTIG
Terms Added: 3-18-21

Company: Lava Therapeutics B.V.
Symbol: LVTX
Shares: 6.7 million
Price Range: $14.00-$16.00
Market Cap: $355m-$406m
Trade Date: Thursday, 3/25
Description: They are a biotechnology company focused on transforming cancer treatment by developing a platform of novel bispecific antibodies engineered to selectively induce gamma-delta T cell-mediated immunity against tumor cells.
Underwriter(s): JP Morgan, Jefferies, SVB Leerink
Co Manager(s): Kempen & Co
Terms Added: 3-18-21

Company: Alignment Healthcare, Inc.
Symbol: ALHC
Description: Alignment is a next generation, consumer-centric platform that is revolutionizing the healthcare experience for seniors.
Shares: 27.2 million
Price Range: $17.00-$19.00
Market Cap: $3.2b-$3.6b
Trade Date: Thursday, 3/25
Underwriter(s): Goldman Sachs, Morgan Stanley, JP Morgan, BofA Securities, William Blair
Co-Manager(s): UBS, Piper Sandler, Raymond James
Terms Added: 3-18-21

Company: ThredUp Inc.
Symbol: TDUP
Description: thredUP is one of the world’s largest online resale platforms for women’s and kids’ apparel, shoes and accessories.
Shares: 12 million
Price Range: $12.00-$14.00
Market Cap: $1.1b-$1.3b
Trade Date: Friday, 3/26
Underwriter(s): Goldman Sachs, Morgan Stanley, Barclays, William Blair, Wells Fargo
Co-Manager(s): KeyBanc, Needham, Piper Sandler, Telsey Advisory
Terms Added: 3-17-21

Company: Diversey Holdings, Ltd.
Symbol: DSEY
Description: They develop and deliver innovative, mission-critical products, services and technologies that save lives and protect our environment.
Shares: 46.1 million
Price Range: $18.00-$21.00
Market Cap: $5.5b-6.4b
Trade Date: Thursday, 3/25
Underwriter(s): Citigroup, Morgan Stanley, Barclays, JP Morgan, BofA Securities, Credit Suisse, Goldman Sachs, Jefferies, RBC Capital, UBS Investment Bank
Co-Manager(s): Baird, Guggenheim
Terms Added: 3-16-21
Listed Cash Raise: $100m

Company: Vizio Holding Corp
Symbol: VZIO
Shares: 15.1 million
Price Range: $21.00-$23.00
Market Cap: $3.9b-$4.2b
Trade Date: Thursday, 3/25
Description: VIZIO is driving the future of televisions through our integrated platform of cutting-edge Smart TVs and powerful SmartCast operating system.
Underwriter(s): JP Morgan, BofA Securities, Wells Fargo Securities, Guggenheim Securities
Co-Manager(s): Needham, Piper Sandler, Roth Capital
Terms Added: 3-16-21
Note: IPO Previously Withdrawn in 2016

Company: Cricut, Inc.
Symbol: CRCT
Shares: 15.3 million
Price Range: $20.00-$22.00
Market Cap: $4.4b-$4.9b
Trade Date: Thursday, 3/25
Description: They have designed and built a creativity platform that enables our engaged and loyal community of 3.7 million users to turn ideas into professional-looking handmade goods.
Underwriter(s): Goldman Sachs, Morgan Stanley, Citigroup, Barclays
Co-Manager(s): Baird
Terms Added: 3-16-21

Company: SEMrush Holdings Inc.
Symbol: SEMR
Shares: 16.8 million
Price Range: $14.00-$16.00
Market Cap: $1.96b-$2.2b
Trade Date: Thursday, 3/25
Underwriters: Goldman Sachs, JP Morgan, Jefferies, KeyBanc Capital
Co-Manager(s): Piper Sandler, Stifel
Description: They are a leading online visibility management software-as-a-service platform.
Terms Added: 3-16-21

Company: ACV Auctions Inc.
Symbol: ACVA
Shares: 16.5 million
Price Range: $18.00-$20.00
Market Cap: $2.5b-$2.75b
Trade Date: Wednesday, 3/24
Description: They provide a vibrant digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information to their customers.
Underwriter(s): Goldman Sachs, JP Morgan, Citigroup, BofA Securities, Jefferies
Co-Manager(s): Canaccord Genuity, Guggenheim Securities, JMP Securities, Piper Sandler, Terms Added: 3-15-21

Company: Leonardo DRS, Inc.
Symbol: DRS
Shares: 31.9 million
Price Range: $20.00-$22.00
Market Cap: $2.9b-$3.2b
Trade Date: Wednesday, 3/24
Description: DRS is a leading provider of defense products and technologies that are used across land, air, sea, space and cyber domains.
Underwriter(s): Goldman Sachs, BofA Securities, JP Morgan, Barclays, Citigroup, Credit Suisse, Morgan Stanley
Co-Manager(s): Credit Agricole CIB, IMI Intesa Sanpaolo, MUFG, UniCredit Capital Markets
Terms Added: 3-15-21

Company: DigitalOcean Holdings, Inc.
Symbol: DOCN
Shares: 16.5 million
Price Range: $44.00-$47.00
Market Cap: $4.6b-$4.95b
Trade Date: Wednesday, 3/24
Description: DigitalOcean is a leading cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses, or SMBs.
Underwriter(s): Morgan Stanley, Goldman Sachs, JP Morgan, BofA Securities, Barclays, KeyBanc Capital
Co-Manager(s): Canaccord Genuity, JMP Securities, Stifel
Terms Added: 3-15-21