Jan 14, 2021
Stash’s January 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, December 16, 2020
ContextLogic, Inc. (Wish), WISH
- The ecommerce platform, based in San Francisco, California, operates a mobile shopping site called Wish, which connects 500,000 merchants to 100 million customers around the world each month. ContextLogic issued 46 million shares at $24 each.
Upstart Holdings, Inc., UPST
- Located in San Mateo, California, the lending platform uses artificial intelligence to determine creditworthiness. Upstart Holdings issued 12 million shares priced at $20 a share.
BioAtla, Inc., BCAB
- The biopharmaceutical company, based in San Diego, California, develops therapeutics from antibodies to treat solid cancer tumors. The company sold 10.5 million shares priced at $18 per share.
Wednesday, January 13, 2021
Affirm Holdings, Inc., AFRM (proposed)
- 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 expects to sell 24.6 million shares at a range between $41 to $44 per share.
Thursday, January 14, 2021
Petco Health and Wellness Company, Inc., WOOF (proposed)
- The pet care products company has offered goods and services to pet owners for more than 50 years. The San Diego, California retailer plans to issue 48 million shares at a range of $14 to $17 per share.
Poshmark, Inc., POSH (proposed)
- Redwood City, California is home to Poshmark, an online marketplace that allows customers to sell their clothing, accessories, footwear, and other products. Poshmark hopes to sell 6.6 million shares at a price between $35 and $39 per share.
Friday, January 15, 2021
Driven Brands Holdings, Inc., DRVN (proposed)
- 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 plans to issue 38 million shares priced between $17 and $20 per share.
Platytika, Ltd. PLTK (proposed)
- 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 plans to sell 70 million shares at a price range between $22 and $24.
Week of January 18, 2021
Roblox Corporation, RBLX (proposed)
- The 3D software company lets creators develop interactive digital worlds and simulations. Located in San Mateo, California, Roblox plans to go public through a direct listing.
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.