Feb 11, 2021
Stash’s February 2021 IPO Calendar
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.
Wednesday, January 13, 2021
Affirm Holdings, Inc., AFRM
- This San Francisco, California-based commerce platform focuses on the mobile checkout experience, providing customers with fixed-rate, short-term financing options to pay for purchases over time. Affirm issued 24.6 million shares at $49 per share.
Thursday, January 14, 2021
Petco Health and Wellness Company, Inc., WOOF
- The pet care products company has offered goods and services to pet owners for more than 50 years. The San Diego, California retailer sold 48 million shares at $18 each.
Poshmark, Inc., POSH
- Redwood City, California is home to Poshmark, an online marketplace that allows customers to sell their clothing, accessories, footwear, and other products. Poshmark issued 6.6 million shares at $42 each.
Friday, January 15, 2021
Driven Brands Holdings, Inc., DRVN
- One of the largest automotive services providers in North America, Driven Brands is located in Charlotte, North Carolina. The company offers services such as paint, collision, glass, vehicle repair, oil change, car wash, and more. Driven issued 31.8 million shares at $22 each.
Platytika, td. PLTK
- The mobile game creator, based in Israel, makes live game experiences, including casino games, poker, and solitaire. Additionally, it provides curated in-game content and customer offers on its proprietary technology platform. Playtika sold 69.5 million shares at $27 each.
Thursday, January 21, 2021
Dream Finders Homes, DFH
- Since 2014, Dream Finders Home has designed, built, and sold homes in high-growth areas of the U.S. This Jacksonville, Florida-based company listed 9.6 million shares at a price of $13.
Mytheresa Netherlands Parent B.V., MYTE
- Located in Munich, Germany, Mytheresa is a luxury e-commerce platform. Mytheresa issued 15.7 million shares at $26 each.
Friday, January 22, 2021
RLX Technology, RLX
- RLX Technology is an e-vapor company based in Beijing, China. As of the end of September, 2020, RLX Technology has a 62.6% share of the closed-system e-vapor industry in China. RLX Technology sold 116.5 million shares at $12 each.
Wednesday, January 27, 2021
Shoals Technologies Group, SHLS
- Based in Portland, Tennessee, Shoals provides components necessary to the function of solar panels. Shoals issued 77 million shares at $25 each.
Thursday, January 28, 2021
Ortho Clinical Diagnostics Holdings PLC, OCDX
- This Raritan, New Jersey healthcare company produces in vitro diagnostic tests, including antibody and antigen tests for Covid-19. Ortho Clinical Diagnostics sold 76 million shares at $17.
Qualtrics International, XM
- Qualtrics International is a software company that makes “experience management” tools to connect employees and customers. This Provo, Utah-based company issued 51.7 million shares at $30 each.
ZIM Integrated Shipping Services Ltd., ZIM
- Operating out of Haifa, Israel, ZIM is a shipping liner company providing shipping logistics services. ZIM sold 14.5 million shares at $15 each.
Wednesday, February 3, 2021
ON24 Inc., ONTF
- Out of San Francisco, California, ON24 is a software company that allows companies to hold webinars and event experiences. ON24 issued 8.6 million shares at $50.
TELUS International (Cda), Inc., TIXT
- TELUS, which is located in Vancouver, Canada, makes solutions software for companies. TELUS sold 37 million shares at $25 each.
Thursday, February 4, 2021
Atotech Limited, ATC
- Atotech makes electroplating equipment used by the chemistry market. Based in the United Kingdom, Atotech issued 29.3 million shares at $17 each.
Landos Biopharma, Inc., LABP
- Based in Blacksburg, Virginia, Landos is a biopharmaceutical company that develops oral therapeutics for autoimmune diseases. Landos issued 6.3 million shares at $16 each.
Sana Biotechnology, Inc., SANA
- Sana Biotechnology is a pharmaceutical company located in Seattle, Washington that engineers cells, with the goal of treating diabetes, cancer, cardiovascular diseases, genetic disorders, and more. Sana sold 23.5 million shares at $25 each.
February 9, 2021
Adagene, Inc., ADAG
- Based in China, the company is a platform-driven, clinical-stage biopharmaceutical company committed to transforming the discovery and development of novel antibody-based cancer immunotherapies. Adagene sold 7.4 million shares priced at $19.
Cloopen Group Holding, LTD, RAAS
- A cloud-based communications communications and solutions provider, based in China. Cloopen issued 20 million shares at $16.
February 10, 2021
Viant Technology, Inc., DSP
- The advertising software company, based in Irvine, California, enables the electronification of the advertising buying process. The company sold 10 million shares at an opening price of $25.
Planned for February 8, 2021, but delayed
- Based in Foothill Ranch, California, the retail-focused, non-bank, digital mortgage origination platform, which originated $79.4 billion of loans for the 12 months ended Sept. 30, 2020. The company plans to issue 15 million shares at a range between $19 and $21.
February 11, 2021
Apria Inc., APR
- The integrated home healthcare equipment and related services company arranges its offerings around three core products: 1) Home respiratory therapy ; (2) Obstructive sleep apnea (“OSA”) treatment (including continuous positive airway pressure (“CPAP”) and bi-level positive airway pressure devices, and patient support services; and (3) negative pressure wound therapy (“NPWT”). The company, based in Indianapolis, Indiana plants to sell 7.5 million shares at range between $19 and $21.
Bioventus Inc., BVS
- A global medical device company focused on developing and commercializing clinically differentiated, cost-efficient, and minimally invasive treatments that engage and enhance the body’s natural healing process. Its core products are arranged around three categories:1) OA (osteoarthritis) joint pain treatment and joint preservation and injectable treatments; 2) bone graft substitutes, and 3) A minimally invasive fracture treatment that uses pulsed ultrasound. The Durham, North Carolina-based company plans to sell 7.4 million shares at a range between $16 and $18.
Bumble Inc., BMBL
- The online and mobile dating app company, based in Austin, Texas, attempts to overturn antiquated gender norms by letting women make the first move. Over 40 million users go to Bumble, and its sibling dating app Badoo, each month. The company plans to issue 45 million shares at a range between $37 and $39.
Signify Health, Inc., SGFY
- The Norwalk, Connecticut-based healthcare platform leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Customers include health plans, governments, employers, health systems and physician groups. The company plans to issue 23.5 million shares at a range between $20 and $21.
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.