Oct 22, 2020
Stash’s October 2020 IPO Calendar
Find out about some noteworthy IPOs from the past month.
Check out Stash’s IPO calendar below. This calendar includes public offerings from the past month for companies with a market cap of $500 million or more, that are available on Stash’s platform. We’ll update this information with upcoming offerings each month, using the same criteria. The calendar will include past and future IPOs going forward.
*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 (initial public offering), the price of the newly issued stock can move significantly, so it’s especially important to remember the Stash Way.
Thursday, September 17, 2020
American Well Corporation, AMWL
- American Well Corporation, or Amwell, is a telehealth company that was founded in 2006. With a market capitalization of $7.8 billion, Amwell provides a telehealth platform so that doctors and patients can connect virtually. Shares of Amwell were initially listed at $18.
Broadstone Net Lease, BNL
- Broadstone Net Lease is a real estate investment trust (REIT) that holds 632 properties in the U.S. and 1 in Canada, totaling $4 billion in value. Broadstone owns and manages mostly commercial properties that are occupied by one tenant. Broadstone’s shares began trading at $17.
Pactiv Evergreen, PTVE
- Pactiv Evergreen is the largest North American maker and distributor of fresh foodservice and food merchandising products, as well as fresh beverage cartons. Pactiv was founded in 2007 and began trading at $12.76 per share.
Sumo Logic, Inc., SUMO
- Sumo Logic was founded in 2010 and is a software provider. Sumo Logic produces something called a Continuous Intelligence Platform that provides businesses with operations, security, and business intelligence. Shares began trading at $14.
Friday, September 18, 2020
Unity Software, Inc., U
- Unity makes software that allows creators to make 2D and 3D content. Unity has a market capitalization of $23.7 billion and had 1.5 million creators on its platform as of June 30, 2020. Shares of Unity started trading at $75.
Wednesday, September 23, 2020
Bentley Systems, Inc., BSY
- Founded in 1994, Bentley Systems offers software for infrastructure engineers including civil, structural, geotechnical, and plant engineers. With a market cap of $9.5 billion, Bentley Systems began trading at $52 per share.
Corsair Gaming, CRSR
- Corsair Gaming makes gaming and streaming equipment for gamers. Corsair was founded in 1994 and began trading at $17 per share.
GoodRx Holdings, GDRX
- GoodRx is a platform that allows consumers to compare prescription drug prices. Its aim is to ensure that patients get a fair price for the prescriptions they need. GoodRx also connects people with telehealth services. Shares were initially listed at $33.
Wednesday, September 30, 2020
Chindata Group Holdings Limited, CD
- Chindata offers data centers for companies in the Asia-Pacific region. Through Chindata, companies can store, manage, and analyze their data. Shares of Chindata were initially listed at $13.50.
Palantir Technologies, PLTR
- Palantir Technologies went public through a direct listing. Palantir makes intelligence software for both government agencies and commercial companies so that they combat terrorism. Shares of Palantir began trading at $10.
Thursday, October 8, 2020
fuboTV, Inc., FUBO
- fuboTV moved from the OTCQB market to the NYSE. fuboTV is a streaming platform, mainly used for sports streaming. fuboTV, which has a market cap of $670.1 million, was known as FaceBank Group until August, 2020. Shares of fuboTV were listed at $10.
Friday, October 9, 2020
Kronos Bio, Inc., KRON
- Kronos is a biopharmaceutical company that develops drugs for the treatment of cancer. The company is in clinical trials of a drug that would be used to treat leukemia. Kronos was listed at $19 per share.
Thursday, October 15, 2020
Array Technologies, Inc., ARRY
- Array Technologies develops “trackers” for solar panels that allow the panels to move throughout the day according to the sun. Array’s shares were listed at $22.
MINISO Group Holding, Ltd., MNSO
- MINISO was founded in China in 2013. MINISO is a global retailer of lifestyle products. The company has opened 4,200 stores throughout the world. Shares of MINISO were initially listed at $20.
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.
After an IPO, the price of the newly issued stock can move significantly, so it’s especially important to remember the Stash Way.