Apr 12, 2021
Stash’s April 2021 IPO Calendar
By Stash Team
Find out about some noteworthy IPOs from the past month and coming up.
Updated: April 21, 2021
Check out Stash’s initial public offering (IPO) calendar, which includes public offerings from the past month, as well as offerings expected in the next 15 days. We’ve included companies with a market cap of $500 million or more. These might be available on Stash’s platform once they trade on the stock market.* We’ll update this information with upcoming offerings each month, using the same criteria.
*Stash is not endorsing any of the IPOs mentioned below. Stash does not offer the ability to participate in IPOs and encourages you to research any company yourself prior to investing. This calendar is for informational purposes only and is not a recommendation of any security. Stash is under no obligation to offer any investment listed on its platform. Following an IPO, the price of the newly issued stock can move significantly, so it’s especially important to remember the Stash Way.
March 10, 2021
Roblox Corp., RBLX
- The 3-D learning platform created by the company enables its approximately 36 million customers worldwide to connect, learn, communicate, and experience in digital worlds created by a community of 7 million developers. Based in San Mateo, California, Roblox went public through a direct listing of 198.9 million shares at $45 each.
March 11, 2021
Coupang, Inc., CPNG
- The e-Commerce platform, based in South Korea, promises quick delivery of millions of items including groceries, often within hours. The company issued 120 million shares at a price of $35.
March 12, 2021
Hayward Holdings, Inc., HAYW
- The manufacturer of residential pool equipment and outdoor experiences is a big player in the North American pool market. Based in Berkeley Heights, N.J., its offerings include energy-efficient and environmentally-friendly products. Hayward sold 40.3 million shares at a price of $17.
JOANN, Inc., JOAN
- The specialty retailer of crafts and fabrics, is a well-known name in sewing and arts and crafts. The company, based in Hudson, Ohio, says it has benefitted from the DIY trends brought about by the Covid-19 pandemic. JOANN sold 11 million shares at a price of $12.
Prometheus Biosciences, Inc., RXDX
- The biomedical company, based in San Diego, California, develops targeted treatments for irritable bowel syndrome, including a monoclonal antibody that may block small proteins that lead to inflammation of the bowels. Prometheus sold 10 million shares at $19.
Compass, Inc., COMP
- The New York-based software platform company connects residential real estate agents with sellers and buyers. Its tools include customer relationship management, marketing, and client services. In its public offering, the company sold 25 million shares at $18 each.
Frontier Group Holdings, ULCC
- Based in Denver, Colorado, Frontier is a budget airline that provides flights throughout the U.S. and some locations in the Americas. Frontier was acquired by the investment fund Denver Management Company in 2013. It sold 30 million shares at $19.
Karooooo Ltd., KARO
- The Singapore-based software-as-a-service (SaaS) company offers software used by connected vehicles to deliver insights on how businesses can decrease costs and improve efficiency. Karooooo moved from the Johannesburg Stock Exchange to the NASDAQ, selling 1.1 million shares at $28.
Smart Share Global, EM
- The company, also known as Energy Monster, offers mobile device charging services in China, allowing customers to rent portable power banks located at restaurants, hotels, shopping centers and other public spaces. Based in Shanghai, China, Smart Share issued 17.7 million shares at $8.50 each.
Alkami Technology, Inc., ALKT
- Based in Plano, Texas, the cloud-based digital banking company offers a platform that can help regional and super regional banks compete with larger, more technologically advanced banks. Alkami plans to offer 6 million shares at a range between $22 and $25.
Coinbase Global, Inc., COIN
- The crypto-currency exchange, one of the largest in the U.S., aims to make a more open and dependable financial services industry and economy based on blockchain technology. Formerly based in San Francisco, the company is now fully remote. It will sell 115 million shares through a direct listing. (No share price currently available.)
Agilon Health, Inc., AGL
- The Medicare-centric health care platform works with primary care physicians assisting seniors, to help maximize care and savings. Agilon, based in Long Beach, California, will sell 47 million shares at a range between $20 and $23.
AppLovin Corp., APP
- The mobile app company helps game developers market and monetize their apps. Based in Palo Alto, California, AppLovin plans to sell 25 million shares at a range between $75 and $85.
TuSimple Holdings, Inc., TSP
- The global self-driving truck company, based in San Diego, California, has developed autonomous driving software that enables long and short-term perception, decision making, and mapping for freight-hauling semis. The company will sell 34 million shares at a range between $35 and $39.
Akoya Biosciences, Inc. AKYA
- The biotech company focuses on disease therapy, using something called spatial biology to detect and map the distribution of cell types and biomarkers across whole tissue samples. Based in Marlborough, Mass., Akoya plans to sell 6.6 million shares at a range between $18 and $20.
Recursion Pharmaceuticals, Inc. RXRX
- The biotech company, based in Salt Lake City, Utah, uses big data, artificial intelligence, and engineering to develop a proprietary chemical and biological database, focused currently on colon cancer therapy. Recursion plans to sell 18 million shares at a range between $16 and $18.
DoubleVerify Holdings, Inc. DV
- The digital advertising company has created a software platform that helps companies root out advertising fraud, and independently verify their marketing and media strategies and results. Based in New York, New York, DoubleVerify plans to sell 13.3 million shares at a range between $24 and $27.
UiPath, Inc. PATH
- The artificial intelligence company helps workplaces automate business processes such as logging into applications, extracting information from documents, moving folders, filling in forms, and updating information fields and databases. Based in New York, New York, the company will sell 21.3 million shares at a range between $43 and $50.
KnowBe4, Inc. KNBE
- The security awareness platform lets organizations assess, monitor, and respond to cybersecurity threats and social engineering attacks. Based in Clearwater, Florida, the company plans to sell 11.8 million shares at a range between $16 and $18.
Zymergen, Inc. ZY
- The bio-friendly products company manufactures for consumers and businesses. Among its products are films for electronics companies, naturally derived UV protection, and a natural, non-DEET insect repellent. Zymergen, based in Emeryville, California, will sell 13.6 million shares at range between $28 and $31.
Agiliti, Inc. AGTI
- The Minneapolis, Minnesota based medical products company provides critical care equipment to national, regional and local acute care facilities. The company will sell 18.3 million shares at a range between $18 and $20.
Latham Group, Inc. SWIM
- The in-ground fiberglass pool manufacturer creates products that give consumers the choice of either freshwater and saltwater pools. Based in Latham, New York, the company plans to sell 20 million shares at a range between $19 and $21.
Treace Medical Concepts, Inc. TMCI
- The orthopedic medical device products company specializes in 3-D bunion correction systems. Located in Ponte Verde, Florida, Treace plans to sell 9.4 million shares at a range between $15 and $17.
FTC Solar, Inc. FTCI
- The solar panel company produces a two-panel system with tracking software that it claims increases the capacity of the panels to collect solar power. Based in Austin, Texas, the company plans to sell 18.4 million shares at a range between $18 and $20.
Endeavor Holdings, Inc. EDR
- The premium content, events, and entertainment company produces live events and experiences. It also owns the Ultimate Fighting Championship (UFC), New York Fashion Week, and World Wrestling Entertainment. Endeavor plans to sell 21.3 million shares at a range between $23 and $24.
Information about IPOs
Companies begin trading on a public stock exchange through a process called an initial public offering (IPO).
A company might go public to raise money to expand the company, to build new locations, or hire more people. Going public can allow the company to raise a lot of money quickly.
When a company decides to go public, it’ll work with an investment bank such as Goldman Sachs or J.P. Morgan in a process called underwriting. The bank will make sure all of the proper documents are prepared and find people who want to invest in the company through initial shares or IPO shares. Before the company goes public, it must file with the Securities and Exchange Commission (SEC), which is a federal agency in charge of regulating the company and keeping the company informed on those regulations and rules. Once the company goes public with SEC approval, it has to issue quarterly financial statements on the health of the company so that investors can stay informed.
Although it’s a less common approach to going public, a company can also choose to take its stock public through a direct listing.The company is still required to file with the SEC, but when a company lists shares directly, it doesn’t use a bank to go public. Instead, early investors in the company choose to sell their shares to the public. A direct listing allows the stock exchange to dictate the price of shares. By contrast, with a traditional IPO, the bank that underwrites the IPO will set an initial share price.
Good to know: Companies usually have a lock-up period following an IPO. A lockup period is when company insiders, such as employees granted stock options or executives who own shares, sign an agreement that prohibits them from selling shares for a specified period of time, often a period of six months. When lockup periods expire, insiders or other early investors may want to sell their stock in order to make a profit from their shares. When these insiders start to sell their shares, sometimes that can cause a company’s stock price to fall. Companies that go public through a direct listing typically do not have lock up periods.
Following an IPO, stock exchanges such as the New York Stock Exchange (NYSE) or the Nasdaq will list the stock so that investors can purchase shares of the newly listed stock. If you’re an investor, it’s important to know when companies are going public and the price at which they’re expected to trade if you’re interested in investing in those new companies.
Following an IPO, the price of the newly issued stock can move significantly, so it’s especially important to remember the Stash Way.
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