Dec 10, 2020
Stash’s December 2020 IPO Calendar
By Stash Team
Find out about some noteworthy IPOs from the past month and coming up.
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.
Friday, November 20, 2020
Maravai LifeSciences Holdings Inc., MRVI
- The San Diego, California-based pharmaceutical company develops drug therapies, diagnostics, and vaccines. Maravai issued 60 million shares at $27 each when it went public.
Sotera Health Company, SHC
- Sterigenics, Nelson Labs, and Nordion make up Sotera Health, based in Broadview Heights, Ohio. Sotera provides laboratory testing and advisory services to ensure safety in the medical device, pharma, tissue, and food industries. Sotera sold 46.6 million shares priced at $23 each.
Telos Corporation, TLS
- The Ashburn, Virginia company provides risk assessment services and security solutions for enterprises, including private companies as well as local and federal government entities. Telos issued 15 million shares priced at $17.
Tuesday, November 24, 2020.
Ozon Holdings, OZON
- Known by some as “Russia’s Amazon,” the digital commerce company offers same-day deliveries of items including fresh food, car parts, electronics, home decor, and children’s toys throughout Moscow, Russia, and next day delivery to 40% of the country. The company has more than 11 million active customers. Ozon sold 33 million shares at $30 each.
December 3, 2020
Kinnate BioPharma Inc., KNTE
- Located in San Diego, California, Kinnate BioPharma is a biopharmaceutical company that works to treat cancers with small molecule kinase inhibitors. Kinnate issued 12 million shares priced at $20 per share.
December 4, 2020
Seer Inc., SEER
- Seer, based in Redwood City, California, provides researchers with technology to research human proteins at a molecular level, helping them to develop treatments for diseases including cancer. Seer issued 9.2 million shares at $19 each.
Siglion Therapeutics In., SGTX
- Based in Cambridge, Massachusetts, the biotechnology company creates molecular therapeutics for chronic diseases, including bleeding diseases such as hemophilia. Siglion sold 7 million shares at a price of $18 each.
December 7, 2020
Silverback Therapeutics, SBTX
- This biopharmaceutical company is in the clinical stages with its therapeutics used to target cancer, chronic viral infections, and other illnesses. Silverback Therapeutics is headquartered in Seattle, Washington. When Silverback went public, it issued 11.5 million shares at $21 each.
December 9, 2020
Doordash Inc., DASH
- Doordash is an online food delivery service that operates in the U.S., Canada, and Australia. The San Francisco, California-based company provides a digital platform that connects restaurants with delivery drivers and customers. Doordash sold 33 million shares at $102 each.
PubMatic, Inc., PUBM
- Programmatic advertising platform PubMatic is located in Redwood City, California. PubMatic’s cloud platform lets companies purchase advertising space with online publishers. PubMatic issued 5.9 million shares priced at $20.
C3 AI, Inc., AI
- The software-as-a-service (SaaS) company lets companies rapidly deploy artificial intelligence (AI). C3 AI is located in Redwood City, California. It sold 15.5 million shares at $42 a share.
December 10, 2020
Airbnb Inc., ABNB
- Based in San Francisco, California, Airbnb is an online platform that connects homeowners who want to rent out their space to customers looking for accomodations. Airbnb issued 51.6 million shares at a price of $68.
Hydrofarm Holdings Group, HYFM
- The Petaluma, California-located company makes and distributes agricultural equipment, and specializes in hydroponics, or growing produce without soil. Hydrofarm sold 8.7 million shares at $20 each.
December 11, 2020
AbCellera Biologics Inc., ABCL
- Headquartered in British Columbia, Canada, AbCellera is an AI company that helps with the location of antibodies that can be used to build drugs to treat illnesses. AbCellera’s sold 24.2 million priced at $20 per share.
Certara Inc., CERT
- Certara, located in Princeton, New Jersey, is a biosimulation software company that allows drug company researchers to create simulated tests of medicines in virtual patients. Certara issued 29.1 million shares at a price of $23 each.
4D Molecular Therapeutics Inc., FDMT
- The gene therapy company, based in Emeryville, California, develops treatments that target tissue types associated with various illnesses and diseases. 4D Molecular Therapeutics sold 8.4 million shares at $23 each.
December 16, 2020
ContextLogic Inc. (Wish), WISH (proposed)
- The ecommerce platform, based in San Francisco, California, operates a mobile shopping site called Wish, which connects to 500,000 merchants to 100 million customers around the world each month. ContextLogic plans to issue 46 million shares at a price range of $22 to $24 each.
Upstart Holdings Inc., UPST (proposed)
- Located in San Mateo, California, Upstart Holdings is a lending platform that uses artificial intelligence to determine creditworthiness. Upstart Holdings plans to issue 12 million shares at a range between $20 and $22.
BioAtla Inc., BCAB (proposed)
- BioAtla is a San Diego, California-based biopharmaceutical company that develops therapeutics from antibodies to treat solid cancer tumors. The company plans to issue 9.4 million shares at range of $15 to $17 per share.
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.