It was a busy Monday morning for the IPO market as more-than-a-handful of companies set terms for its IPO. The most high-profile of the bunch is DoorDash who will be selling 33.0mm shares at $75-$85 and debut on Wednesday (12/9). The most high-profile deal of December, Airbnb Inc., is rumored to officially launch its IPO on Tuesday.
Company: Kinnate Biopharma Inc.
Symbol: KNTE
Description: They are a biopharmaceutical company focused on the discovery and development of small molecule kinase inhibitors for difficult-to-treat, genomically defined cancers.
Shares: 10 million
Price Range: $16.00-$18.00
Market Cap: $632m-$712m
Trade Date: Thursday, 12/3
Underwriter(s): Goldman Sachs, SVB Leerink , Piper Sandler
Co-Manager(s): Wedbush PacGrow
Terms Added: 11-30-20
Company: Seer, Inc..
Symbol: SEER
Description: They aim to enable exceptional scientific outcomes by commercializing transformative products for researchers to unlock deep, unbiased biological information.
Shares: 8.825 million
Price Range: $16.00-$18.00
Market Cap: $935m-$1.05b
Trade Date: Friday, 12/4
Underwriter(s): J.P. Morgan, Morgan Stanley, BofA Securities, Cowen
Terms Added: 11-30-20
Company: Sigilon Therapeutics, Inc.
Symbol: SGTX
Description: They are a clinical-stage biotechnology company pioneering a new class of therapeutics and seeking to develop functional cures for patients with chronic diseases by providing stable and durable levels of therapeutic molecules to patients.
Shares: 5.6 million
Price Range: $17.00-$19.00
Market Cap: $490m-$547m
Trade Date: Friday, 12/4
Underwriter(s): Morgan Stanley, Jefferies, Barclays, Canaccord Genuity
Terms Added: 11-30-20
Company: Silverback Therapeutics, Inc..
Symbol: SBTX
Description: They are a clinical-stage biopharmaceutical company with one product candidate in a Phase 1/1b clinical trial, and they are focused on leveraging their proprietary ImmunoTAC technology platform to develop systemically delivered, tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases.
Shares: 6.95 million
Price Range: $17.00-$19.00
Market Cap: $485m-$542m
Trade Date: TBD
Underwriter(s): Goldman Sachs, SVB Leerink, Stifel
Co-Manager(s): H.C. Wainwright & Co.
Terms Added: 11-30-20
Company: DoorDash, Inc..
Symbol: DASH
Description: They enable local brick-and-mortar businesses—which are fundamental to the vitality of local economies and communities—to thrive in an increasingly convenience-driven economy with rapidly evolving consumer expectations.
Shares: 33 million
Price Range: $75.00-$85.00
Market Cap: $23.8b-$27.0b
Trade Date: Wednesday, 12/9
Underwriter(s): Goldman Sachs, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital, UBS Investment Bank
Co-Manager(s): Mizuho Securities, JMP Securities, Needham, Oppenheimer, Piper Sandler, William Blair
Terms Added: 11-30-20
Company: PubMatic, Inc.
Symbol: PUBM
Description: Their company provides a specialized cloud infrastructure platform that enables real-time programmatic advertising transactions.
Shares: 5.9 million
Price Range: $16.00-$18.00
Market Cap: $765m-$861m
Trade Date: Wednesday, 12/9
Underwriter(s): Jefferies, RBC Capital Markets
Co-Managers: JMP Securities, KeyBanc Capital Markets, Oppenheimer, Raymond James
Terms Added: 11-30-20
Company: C3.ai, Inc.
Symbol: AI
Description: They provide software-as-a-service, or SaaS, applications that enable the rapid deployment of enterprise-scale AI applications of extraordinary scale and complexity that offer significant social and economic benefit.
Shares: 15.5 million
Price Range: $31.00-$34.00
Market Cap: $3.0b-$3.3b
Trade Date: Wednesday, 12/9
Underwriter(s): Morgan Stanley, JP Morgan, BofA Securities, Deutsche Bank
Co-Manager(s): Canaccord Genuity, JMP Securities, KeyBanc Capital, Needham, Piper Sandler
Terms Added: 11-30-20
Launched on Friday
Company: 17 Education & Technology Group Inc.
Symbol: YQ
Description: They are a leading education technology company in China with an “in-school + after-school” integrated model.
Shares: 27.4 million ADSs
Price Range: $9.50-$11.50
Market Cap: $900m-$1.1b
Trade Date: Week of 11/30
Underwriter(s): Goldman Sachs, Morgan Stanley, BofA Securities
Terms Added: 11-27-20
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