If there was a thought of a “slowdown” in the IPO calendar — think again.
A total of 20 IPOs filed in the last seven days. This was after eight filed the week prior. Currently, there are a total of 43 companies sitting in the IPO pipeline.
The frenzy will begin next week with four deals currently on the schedule. We anticipate activity to be robust throughout March and April.
NEW FILINGS
Company: Alignment Healthcare, Inc.
Symbol: ALHC
Description: Alignment is a next generation, consumer-centric platform that is revolutionizing the healthcare experience for seniors.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs, Morgan Stanley, JP Morgan, BofA Securities, William Blair
Co-Manager(s): UBS, Piper Sandler, Raymond James
Filed: 3-3-21
Listed Cash Raise: $100m
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: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs, Morgan Stanley, Barclays, William Blair, Wells Fargo
Co-Manager(s): KeyBanc, Needham, Piper Sandler, Telsey Advisory
Filed: 3-3-21
Listed Cash Raise: $100m
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: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs, Morgan Stanley, SVB Leerink
Co-Manager(s): BTIG
Filed: 3-3-21
Listed Cash Raise: $100m
Company: Applovin Corporation
Symbol: APP
Description: 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.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, J.P. Morgan, KKR, BofA Securities, Citigroup, Goldman Sachs, Credit Suisse, UBS Investment Bank
Co-Manager(s): Oppenheimer, Stifel, Truist, William Blair, LionTree, LUMA Securities, The Raine Group
Filed: 3-2-21
Listed Cash Raise: $100m
Company: Procore Technologies Inc.
Symbol: PCOR
Description: They are a leading provider of cloud-based construction management software, and are helping transform one of the oldest, largest, and least digitized industries in the world.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs, J.P. Morgan, Barclays, Jefferies
Co-Manager(s): Canaccord Genuity, KeyBanc Capital, Oppenheimer, Piper Sandler, Stifel, William Blair
Updated Filling: 3-2-21
Listed Cash Raise: $100m
Originally Filed: 2-28-20
Company: Navios South American Logistics Inc.
Symbol: NM
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They believe they are one of the largest infrastructure and logistics companies in the Hidrovia Region.
Underwriter(s): BofA Securities, Itau BBA, UBS, BTG Pactual
Co Manager(s): S, Goldman Advisors
Filed: 3-2-21
Listed Cash Raise: $100m
Company: Lava Therapeutics B.V.
Symbol: LVRX
Shares: TBD
Price Range: TBD
Trade Date: TBD
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
Filed: 3-2-21
Listed Cash Raise: $100m
Company: Compass, Inc.
Symbol: COMP
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: Compass provides an end-to-end platform that empowers our residential real estate agents to deliver exceptional service to seller and buyer clients.
Underwriter(s): Goldman Sachs,Morgan Stanley, Barclays
Filed: 3-1-21
Listed Cash Raise: $500m
Company: Achilles Therapeutics plc
Symbol: ACHL
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a clinical stage immuno-oncology biopharmaceutical company developing precision T cell therapies to treat multiple types of solid tumors.
Underwriter(s): JP Morgan, BofA Securities, Piper Sandler
Co Manager(s): Chardan, Oppenheimer & Co., Kempen & Co
Filed: 3-1-21
Listed Cash Raise: $100m
Company: SEMrush Holdings Inc.
Symbol: SEMR
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a leading online visibility management software-as-a-service platform.
Underwriter(s): Goldman Sachs, JP Morgan, Jefferies, KeyBanc Capital
Co-Manager(s): Piper Sandler, Stifel
Filed: 3-1-21
Listed Cash Raise: $100m
Company: Kaltura Inc
Symbol: KLTR
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: Their Video Experience Cloud offers live, real-time, and on-demand video products including Video Portal, Town Halls, Video Messaging, Webinars, Virtual Events and Meetings.
Underwriter(s): Goldman Sachs, BofA Securities, Wells Fargo, Deutsche Bank
Co-Manager(s): Canaccord Genuity, JMP Securities, KeyBanc Capital, Needham, Oppenheimer
Filed: 3-1-21
Listed Cash Raise: $100m
Company: Vizio Holding Corp
Symbol: VZIO
Shares: TBD
Price Range: TBD
Trade Date: TBD
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, Needham, Piper Sandler
Filed: 3-1-21
Listed Cash Raise: $100m
Note: IPO Previously Withdrawn in 2016
Company: Karooooo Ltd.
Symbol: KARO
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: Cartrack is a leading global provider of real-time mobility data analytics solutions for smart transportation
Underwriter(s): Morgan Stanley, BofA Securities, William Blair
Filed: 2-26-21
Listed Cash Raise: $100m
Note: The ordinary shares of Cartrack Holdings Limited, our subsidiary, are listed on the securities exchange operated by JSE Limited (the “JSE”) under the symbol “CTK”.
Company: Connect Biopharma Holdings Limited
Symbol: CNTB
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a global clinical-stage biopharmaceutical company developing therapies for the treatment of T cell-driven inflammatory diseases.
Underwriter(s): Jefferies, SVB Leerink, Piper Sandler, CICC
Filed: 2-26-21
Listed Cash Raise: $100m
Company: Intermedia Cloud Communications, Inc.
Symbol: INTM
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They provide a leading, proprietary cloud-based communications and collaboration platform, purpose-built for our extensive and expanding network of more than 7,000 channel partners and used by a growing base of over 122,000 business customers as of December 31, 2020.
Underwriter(s): Morgan Stanley, JP Morgan, Credit Suisse, Evercore ISI, Jefferies
Co-Manager(s): William Blair, KeyBanc Capital, TD Securities, Stephens, Loop Capital
Filed: 2-26-21
Listed Cash Raise: $100m
Company: Finch Therapeutics Group, Inc.
Symbol: FNCH
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a clinical-stage microbiome therapeutics company leveraging our Human-First Discovery platform to develop a novel class of orally administered biological drugs
Underwriter(s): BofA Securities, Jefferies, Evercore ISI
Filed: 2-26-21
Listed Cash Raise: $100m
Company: ACV Auctions Inc.
Symbol: ACVA
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They provide a vibrant digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information to our customers.
Underwriter(s): Goldman Sachs, JP Morgan, Citigroup, BofA Securities, Jefferies
Co-Manager(s): Canaccord Genuity, Guggenheim Securities, JMP Securities, Piper Sandler, Raymond James
Filed: 2-26-21
Listed Cash Raise: $100m
Company: Instil Bio, Inc.
Symbol: TIL
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They are a clinical-stage biopharmaceutical company focused on developing an innovative cell therapy pipeline of autologous tumor infiltrating lymphocyte, or TIL, therapies for the treatment of patients with cancer.
Underwriter(s): Morgan Stanley, Jefferies, Cowen
Co-Manager: Truist Securities
Filed: 2-26-21
Listed Cash Raise: $100m
Company: Leonardo DRS, Inc.
Symbol: DRS
Shares: TBD
Price Range: TBD
Trade Date: TBD
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
Filed: 2-26-21
Listed Cash Raise: $100m
Company: Tuya, Inc.
Symbol: TBD
Shares: TBD
Price Range: TBD
Trade Date: TBD
Description: They have pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers.
Underwriter(s): Morgan Stanley, BofA Securities, CICC
Filed: 2-26-21
Listed Cash Raise: $100m
TERMS ADDED
Company: Coupang, Inc.
Symbol: CPNG
Shares: 120 million
Price Range: $27.00-$30.00
Market Cap: $46.1b-$51.2b
Trade Date: Thursday, 3/11
Description: They are building the next generation experience for e-commerce. They believe that by investing for the long term in technology and infrastructure with a fanatical culture of customer centricity, we are delivering a superior customer experience at a lower cost and are continuing to redefine standards for e-commerce worldwide.
Underwriter(s): Goldman Sachs, Allen & Company, J.P. Morgan, BofA Securities, Citigroup
Co-Manager(s): HSBC, Deutsche Bank Securities, UBS Investment Bank, Mizuho Securities, CLSA
Terms Added: 3-1-21
Company: First High-School Education Group Co., Ltd.
Symbol: FHS
Shares: 7.5 million ADSs
Price Range: $9.50-$10.50
Market Cap: $275m-$304m
Trade Date: Thursday, 3/11
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
Terms Added: 3-2-21
Company: Hayward Holdings, Inc.
Symbol: HAYW
Shares: 40.3 million
Price Range: $17.00-$19.00
Market Cap: $3.9b-$4.4b
Trade Date: Friday, 3/12
Description: They are an industry-leading global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems.
Underwriter(s): BofA Securities, Goldman Sachs, Nomura, Credit Suisse, Morgan Stanley, Baird, Guggenheim Securities, Jefferies
Co-Manager(s): BMO Capital Markets, KeyBanc Capital Markets, William Blair, Houlihan Lokey, Moelis & Company
Terms Added: 3-3-21
Company: Joann, Inc
Symbol: JOAN
Shares: 10.937 million
Price Range: $15.00-$17.00
Market Cap: $606m-$686m
Trade Date: Friday, 3/12
Description: JOANN is the nation’s category leader in Sewing and one of the fastest growing players in the arts and crafts category.
Underwriter(s): BofA Securities, Credit Suisse, Guggenheim Securities, Barclays, Wells Fargo Securities, Piper Sandler, William Blair
Co-Manager(s): Houlihan Lokey, Telsey Advisory Group, Loop Capital, Ramirez & Co.
Terms Added: 3-4-21
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