The euphoric finish to 2020 has officially carried over to 2021 with a trio of IPOs that opened +75% or higher.
Affirm Holdings (AFRM) priced a full-size deal, 24.6mm shares, at $49.00, and opened at $90.90 for a gain of 85.5% at first trade. AFRM traded with power, force and momentum on day two and traded as high as $137.98 for a gain of 181.5% at top-tick.
Poshmark Inc (POSH) priced a full-size deal, 6.6mm shares, at $42.00 ($3 above the $35-$39 range) and opened at $97.50 for a gain of 132.1% at first trade. POSH held up during its opening session (which closed at $101.50) but did succumb to selling pressure on Friday and traded into the low 80s.
Motorsport Gaming US LLC (MSGM) priced a full-size deal, 3.0mm shares, at $20.00 or the high-end of the upwardly-revised range and opened at $35.00 for a gain of 75.0% at first trade.
Playtika Holding Corp (PLTK) priced a full-size deal, 69.5mm shares, at $27.00 ($3 above the range) and opened at $33.40 for a gain of 23.7% at first trade.
Consumer stocks fared well with strong openings from both Petco Health & Driven Brands.
Petco Health and Wellness Company, Inc. (WOOF) priced a full-size deal, 48.0mm shares, at $18.00 ($1 above the range) and opened at $26.00 for a gain of 44.4% at first trade. WOOF traded as high as $31.08 during its debut session.
Driven Brands Holdings Inc priced 31.8mm shares (downsized from 38.0mm) at $22.00 ($2 above the range) and opened at $28.00 for a gain of 27.3% at first trade.
Kuke Music Holding Limited (KUKE) priced a full-size deal, 5.0mm shares, at the low-end of the range, $10.00, and opened at $10.50 for a gain of 5.0% at first trade.
Looking ahead to this week, there are four deals currently on the schedule:
Debuting Thursday (1/21)
Dream Finders Homes Inc (DFH) — They are one of the nation’s fastest growing private homebuilders by revenue and home closings since 2014. The company is seeking a market cap of $1.1b-$1.4b based on the $12-$15 range.
Link to Prospectus: Terms Added: 1-11-21
MYT Netherlands Parent B.V. (MYTE) — They are a leading luxury e-commerce platform for the global luxury fashion consumer. The company is seeking a market cap of $1.4b-$1.6b based on the $16-$18 range.
Link to Prospectus: Terms Added: 1-12-21
RLX Technology Inc (RLX) — 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. The company is seeking a market cap of $12.4b-$15.5b based on the $8-$10 range.
Link to Prospectus: Terms Added: 1-15-21
DEBUTING FRIDAY (1/22)
Patria Investments Limited (PAX) — 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. The company is seeking a market cap of $725m-$828m based on the $14-$16 range.
Link to Prospectus: Terms Added: 1-14-21
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish