The SEC remained active over the holiday break with a number of companies filing to go public. Furthermore, one company did not waste any time setting terms for a first IPO of the year.
Cullinan Oncology, LLC (GGEM) is a biopharmaceutical company focused on developing a diversified pipeline of targeted oncology and immuno-oncology therapies with transformative potential for cancer patients. The company will be seeking a market cap of $643m-$719m by selling 8.33mm shares at a $17-$19 range. Morgan Stanley, SVB Leerink and Evercore ISI will have the honors of being the underwriters for the first IPO and as CGEM will debut on Friday (1/8)..
Update: (9:50am ET) — Another IPO launched to debut this week. Gracell Biotechnologies Inc (GRCL), a global clinical-stage biopharmaceutical company dedicated to discovering and developing breakthrough cell therapies to address major industry challenges and fulfill unmet medical needs in the treatment of cancer, is selling 8.825mm ADSs at $16-$18 which would seek a market cap of $1.0b-$1.14b. Citigroup, Jefferies, Piper Sandler and Wells Fargo are the lead underwriters on this offering.
NEW FILINGS
Company: AmeriHome, Inc.
Symbol: AHM
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: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Credit Suisse Securities, Goldman Sachs, J.P. Morgan Securities, Wells Fargo, Barclays Capital, BofA Securities, Citigroup RBC Capital Markets UBS Investment Bank
Co-Manager(s): Apollo Global Securities, Houlihan Lokey, Siebert Williams Shank & Co
Filed: 1-04-21
Listed Cash Raise: $100m
Note: Previously Postponed in October 2020
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: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): China Renaissance
Filed: 12-31-20
Listed Cash Raise: $100m
Company: ZIM Integrated Shipping Services Ltd.
Symbol: ZIM
Description: They are a global, asset-light container liner shipping company with leadership positions in niche markets where we believe we have distinct competitive advantages that allow us to maximize our market position and profitability.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Citigroup, Goldman Sachs, Barclays, Jefferies, Clarksons Platou Securities
Filed: 12-30-20
Listed Cash Raise: $100m
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: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): JP Morgan, BofA Securities, Credit Suisse
Filed: 12-30-20
Listed Cash Raise: $100m
Company: Shoals Technology Group, Inc.
Symbol: SHLS
Description: They are a leading provider of electrical balance of system or “EBOS” solutions for solar energy projects in the United States.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs, J.P. Morgan, Guggenheim Securities, UBS Investment Group
Filed: 12-30-20
Listed Cash Raise: $100m
Company: MYT Netherlands Parent B.V.
Symbol: MYTE
Description: They are a leading luxury e-commerce platform for the global luxury fashion consumer.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, J.P. Morgan, Credit Suisse, UBS Investment Bank, Jefferies, Cowen
Filed: 12-28-20
Listed Cash Raise: $150m
Company: Qualtrics International Inc.
Symbol: XM
Description: They have pioneered a new category of software, experience management, or XM, which enables organizations to succeed in today’s experience economy.
Shares: TBD
Price Range: $20.00-$24.00
Trade Date: TBD
Underwriter(s): Morgan Stanley, J.P. Morgan, BofA Securities, Barclays, Deutsche Bank Securities, Goldman Sachs, HSBC, Citigroup, BMO Capital Markets, Truist Securities, Canaccord Genuity, Evercore ISI, JMP Securities, Oppenheimer & Co., Piper Sandler, Raymond James, William Blair
Co-Managers: Loop Capital Markets, Ramirez & Co., R. Seelaus & Co. LLC.
Filed: 12-28-20
Listed Cash Raise: $100m
Company: MYT Netherlands Parent B.V.
Symbol: MYTE
Description: They are a leading luxury e-commerce platform for the global luxury fashion consumer.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, J.P. Morgan, Credit Suisse, UBS Investment Bank, Jefferies, Cowen
Filed: 12-28-20
Listed Cash Raise: $150m
Company: Motorsport Gaming US LLC
Symbol: MSGM
Description: Motorsport Games is a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, including NASCAR, the iconic 24 Hours of Le Mans endurance race (“Le Mans”) and the associated FIA World Endurance Championship (the “WEC”), the British Touring Car Championship (the “BTCC”) and others.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Canaccord Genuity, The Benchmark Company
Filed: 12-18-20
Listed Cash Raise: $40m
Company: Playtika Holding Corp.
Symbol: PLTK
Description: They are one of the world’s leading developers of mobile games creating fun, innovative experiences that entertain and engage our users.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, Credit Suisse, Citigroup, Goldman Sachs, UBS Investment Bank, BofA Securities
Co-Manager(s): Baird, Cowen, Stifel, Wedbush Securities
Filed: 12-18-20
Listed Cash Raise: $100m
Company: Kuke Music Holding Limited
Symbol: KUKE
Description: They are a leading provider of classical music licensing, subscription and education services in China.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Deutsche Bank, Tiger Brokers, AMTD
Filed: 12-18-20
Listed Cash Raise: $50m
TERMS ADDED
Company: Cullinan Oncology, LLC
Symbol: CGEM
Description: They are a biopharmaceutical company focused on developing a diversified pipeline of targeted oncology and immuno-oncology therapies with transformative potential for cancer patients.
Shares: 8.33 million
Price Range: $17.00-$19.00
Market Cap: $643m-$719m
Trade Date: TBD
Underwriter(s): Morgan Stanley, SVB Leerink, Evercore ISI
Co-Manager: HC Wainwright
Terms Added: 1-04-21
Company: Gracell Biotechnologies Inc.
Symbol: GRCL
Description: They are a global clinical-stage biopharmaceutical company dedicated to discovering and developing breakthrough cell therapies to address major industry challenges and fulfill unmet medical needs in the treatment of cancer.
Shares: 8.825 million ADSs
Price Range: $16.00-$18.00
Market Cap: $1.0b-$1.14b
Trade Date: Friday, 1/8
Underwriter(s): Citigroup, Jefferies, Piper Sandler, Wells Fargo
Terms Added: 1-04-20
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