IPOs This Week: FinTech, Bios ahead of Memorial Day Holiday

 

Three biotech IPOs join the calendar and are looking to go public ahead of Memorial Day. It will make a six-IPO week and a total of 129 IPOs before June 1st (if all debut). To put this in perspective…the total below is how many IPOs (traditional, non-SPAC) debuted in each year.

• 2017 – 162
• 2018 – 194
• 2019 – 150
• 2020 – 189
  

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Wednesday (5/26) Debut

• Flywire Corporation (FLYW) — Flywire is a leading global payments enablement and software company. The company is seeking a market cap of $2.2b-$2.4b based on the $22-$24 range.
• Paymentus Holdings, Inc. (PAY) — Paymentus is a leading provider of cloud-based bill payment technology and solutions. The company is seeking a market cap of $2.2b-$2.4b based on the $19-$21 range.

Thursday (5/27) Debut

• Day One Biopharmaceuticals (DAWN) — Day One was founded to address a critical unmet need: children with cancer are being left behind in a cancer drug development revolution. The company is seeking a market cap of $822m-$940m based on the $14-$16 range. 
• FIGS Inc (FIGS) —  They are a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. The company is seeking a market cap of $2.6b-$3.1b based on the $16-$19 range.

 

Friday (5/28) Debut

• Centessa Pharmaceuticals (CNTA) – They are reimagining the traditional pharmaceutical research and development model to build, from the bottom-up, an R&D engine predicated on asset centricity to discover, develop and ultimately deliver impactful medicines to patients. The company is seeking a market cap of $1.55b-$1.7b based on the $18-$20 range. 
• Singular Genomics Systems Inc (OMIC)-  They are a life science technology company that is leveraging novel next generation sequencing (NGS) and multiomics technologies to build products that empower researchers and clinicians. The company is seeking a market cap of $1.4b-$1.5b based on the $20-$22 range.

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