IPO Calendar Keeps Chugging: Four to debut next week

A total of four companies have set terms for an IPO to debut next week at this time. The latest launch and largest offering of the week, RLX Technology Inc., is China’s no. 1 branded e-vapor company. They are seeking a possible cash raise north of $1bn by selling 116.5mm ADSs at $8-$10.

TERMS ADDED

Company: Dream Finders Homes, Inc.
Symbol: DFH
Shares: 9.6 million
Price Range: $12.00-$15.00
Market Cap: $1.1b-$1.4b
Trade Date: Thursday, 1/21
Description: They are one of the nation’s fastest growing private homebuilders by revenue and home closings since 2014.
Underwriter(s): BofA Securities, RBC Capital, BTIG
Co-Manager(s): Builder Advisor Group, Zelman Partners, TCB Capital Markets, Wedbush Securities
Terms Added: 1-11-21

Company: MYT Netherlands Parent B.V.
Symbol: MYTE
Description: They are a leading luxury e-commerce platform for the global luxury fashion consumer.
Shares: 15.6 million ADSs
Price Range: $16.00-$18.00
Market Cap: $1.4b-$1.6b
Trade Date: Thursday, 1/21
Underwriter(s): Morgan Stanley, J.P. Morgan, Credit Suisse, UBS Investment Bank, Jefferies, Cowen
Terms Added: 1-12-21
Listed Cash Raise: $150m

Company: Patria Investments Limited
Symbol: PAX
Description: They are one of the leading private markets investment firms in Latin America in terms of capital raised, with over US$7.8 billion raised in the past five years.
Shares: 26.65 million
Price Range: $14.00-$16.00
Market Cap: $725m-$828m
Trade Date: Friday, 1/22
Underwriter(s): JP Morgan, BofA Securities, Credit Suisse
Co-Manager(s): Bradesco BBI, BTG Pactual, Itau BBA, Keefe Bruyette & Woods, Santander, XP Investments
Terms Added: 1-14-21

Company: RLX Technology, Inc.
Symbol: RLX
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: 116.5 million ADSs
Price Range: $8.00-$10.00
Market Cap: $12.4b-$15.5b
Trade Date: Thursday, 1/21
Underwriter(s): Citigroup
Co-Manager: China Renaissance
Terms Added: 1-15-21

NEW FILINGS

Company: Viant Technology Inc.
Symbol: DSP
Shares: TBD
Price Range: TBD
Trade Date: TBD
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
Filed: 1-15-21
Listed Cash Raise: $150m

Company: Landos Biopharma, Inc.
Symbol: LABP
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a clinical-stage biopharmaceutical company focused on the discovery and development of oral therapeutics for patients with autoimmune diseases that are the first to target new mechanisms of action, including the LANCL2, NLRX1 and PLXDC2 immunometabolic pathways.according to the CIC report.
Underwriter(s): JP Morgan, Jefferies, SVB Leerink
Co-Manager(s): Raymond James
Filed: 1-13-21
Listed Cash Raise: $100m

Company: First High-School Education Group Co., Ltd.
Symbol: FHS
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are the largest operator of private high schools in Western China and the third largest operator in all of China in terms of student enrollment as of December 31, 2019, according to the CIC report.
Underwriter(s): Benchmark Company, Tiger Brokers, Valuable Capital
Co-Manager(s): Fosun Hani, TF International, AMTD, Maxim Group, Boustead Securities, China PA Securities
Filed: 1-13-21
Listed Cash Raise: $100m

Company: Sana Biotechnology, Inc.
Symbol: SANA
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They have long-term aspirations are to be able to control or modify any gene in the body, to replace any cell that is damaged or missing, and to markedly improve access to cellular and gene-based medicines.
Underwriter(s): Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities
Filed: 1-13-21
Listed Cash Raise: $150m

Company: loanDepot, Inc.
Symbol: LDI
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: LoanDepot is a leading technology-enabled U.S. consumer lending platform.
Underwriter(s): Goldman Sachs, BofA Securities, Credit Suisse, Morgan Stanley, Barclays, Citigroup, Jefferies, UBS Investment Bank
Co-Manager(s): JMP Securities, Nomura, Piper Sandler, Raymond James, William Blair
Filed: 1-11-21
Listed Cash Raise: $100m
Postponed in November 2015