The post MLK holiday brought a trio of companies, Qualtrics International, Ortho Clinical Diagnostic Holdings & Shoals Technology Group, that launched their IPOs with each seeking cash raises north of $1bn.

The IPO calendar is set below:

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 $2.1b-$2.25b based on the upwardly-revised $24-$26 range. 

Link to Prospectus: Terms Updated: 1-19-21

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

IPOs that set terms this morning:

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: 50 million
Price Range: $19.00-$21.00
Market Cap: TBD
Trade Date: Wednesday, 1/27
Underwriter(s): Goldman Sachs, J.P. Morgan, Guggenheim Securities, UBS Investment Group, Morgan Stanley, Barclays, Credit Suisse
Co-Manager(s): Cowen, Oppenheimer
Terms Added: 1-19-21

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: 49.2 million
Price Range: $22.00-$26.00
Market Cap: $11.1b-$13.1b
Trade Date: Thursday, 1/28
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.
Terms Added: 1-19-21

Company: Ortho Clinical Diagnostics Holdings plc
Symbol: OCDX
Shares: 70 million
Price Range: $20.00-$23.00
Market: Cap: 4.35b-$5.0b
Trade Date: Thursday, 1/28
Description: They are a pure-play in vitro diagnostics (“IVD”) business driven by our credo, “Because Every Test is A Life.”
Underwriter(s): J.P. Morgan, BofA Securities, Goldman Sachs, Barclays, Morgan Stanley, Citigroup, Credit Suisse, UBS Investment Bank, Evercore ISI, Piper Sandler
Co-Manager(s): ING, Macquarie Capital, , Nomura, TCG Capital Markets, Drexel Hamilton, H.C. Wainwright, Ramirez & Co., Siebert Williams Shank
Terms Added: 1-19-21