IPO Bonanza Continues: Eight Set Terms for Next Week

Here’s a list of the companies that set terms for an IPO and will debut next week.

TERMS ADDED

Company: Viant Technology Inc.
Symbol: DSP
Shares: 7.5 million
Price Range: $19.00-$21.00
Market Cap: $1.1b-$1.2b
Trade Date: Wednesday, 2/10
Description: They are an advertising software company. Their software enables the programmatic purchase of advertising, which is the electronification of the advertising buying process
Underwriter(s): BofA Securities, UBS Investment Bank
Co-Manager(s): Canaccord Genuity, JMP Securities, Needham & Company, Raymond James
Terms Added: 2-1-21

Company: Bumble, Inc.
Symbol: BMBL
Shares: 34.5 million
Price Range: $28.00-$30.00
Market Cap: $5.3b-$5.7b
Trade Date: Thursday, 2/11
Description: The Bumble brand was built with women at the center—where women make the first move.
Underwriter(s): Goldman Sachs, Citigroup, Morgan Stanley, JP Morgan, Jefferies, RBC Capital, Evercore ISI
Co-Manager(s): Blackstone Capital, BMO Capital, Cowen, Raymond James, Stifel, BTIG, Nomura, SMBC Nikko, AmeriVet Securities, CL King & Associates, Drexel Hamilton, Loop Capital, R.Seelaus & Co., Ramirex & Co., Siebert Wililams Shank, Telsey Advisory Group
Terms Added: 2-2-21

Company: Apria, Inc.
Symbol: APR
Shares: 7.5 million
Price Range: $19.00-$21.00
Market Cap: $669m-$740m
Trade Date: Thursday, 2/11
Description: They are a leading provider of integrated home healthcare equipment and related services in the United States.
Underwriter(s): Citigroup, Goldman Sachs, BofA Securities, JP Morgan
Co-Manager: Piper Sandler, Fifth Third Securities, TD Securities
Terms Added: 2-3-21

Company: AFC Gamma, Inc.
Symbol: AFCG
Shares: 5.55 million
Price Range: $17.00-$19.00
Market Cap: $200m-$223m
Trade Date: Thursday, 2/11
Description: AFC Gamma, Inc. is a commercial real estate finance company founded in July 2020 by a veteran team of investment professionals.
Underwriter(s): JMP Securities, Ladenburg Thalmann, Seaport Global
Co-Manager: Lake Street
Terms Added: 2-3-21

Company: Signify Health, Inc..
Symbol: SGFY
Shares: 23.5 million
Price Range: $17.00-$19.00
Market Cap: $3.8bn-$$4.25bn
Trade Date: Thursday, 2/11
Description: Signify Health is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs.
Underwriter(s): Goldman Sachs, JP Morgan, Barclays, Deutsche Bank Securities, BofA Securities, UBS Investment Bank, Baird, Piper Sandler, William Blair
Terms Added: 2-3-21

Company: Adagene Inc.
Symbol: ADAG
Shares: 7.354 million
Price Range: $17.00-$19.00
Market Cap: $717m-$802m
Trade Date: Tuesday, 2/9
Description: They are a platform-driven, clinical-stage biopharmaceutical company committed to transforming the discovery and development of novel antibody-based cancer immunotherapies.
Underwriter(s): Goldman Sachs, Morgan Stanley, Jefferies
Co-Manager: China Renaissance
Terms Added: 2-3-21

Company: Cloopen Group Holding Limited
Symbol: RAAS
Shares: 20 million ADSs
Price Range: $13.00-$15.00
Market Cap: $1.9b-$2.2b
Trade Date: Week of 2/8
Description: They are the largest multi-capability cloud-based communications solution provider in China, as measured by revenues in 2019, according to the CIC report(1)
Underwriter(s): Goldman Sachs, Citigroup, CICC
Terms Added: 2-3-21

Company: Bioventus Inc..
Symbol: BVS
Shares: 7.35 million
Price Range: $16.00-$18.00
Market Cap: $868m-$976m
Trade Date: Thursday, 2/11
Description: They are a global medical device company focused on developing and commercializing clinically differentiated, cost efficient and minimally invasive treatments that engage and enhance the body’s natural healing process.
Underwriter(s): Morgan Stanley, JP Morgan, Goldman Sachs
Co-Manager: Canaccord Genuity
Terms Added: 2-4-21