Jul 8, 2021
Stash’s July 2021 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®.
Updated July 29, 2021
Acumen Pharmaceuticals, Inc., ABOS
- Based in Charlottesville, Virginia, the clinical-stage biopharmaceutical company has developed experimental treatments targeting one of the potential underlying causes of Alzheimer’s Disease: amyloid-beta oligomers. The company sold 9.99 million shares at $16 each.
D-Market Electronic Services & Trading (Hepsiburada), HEPS
- Hepsiburada is an e-commerce service focused on making digital commerce seamless. Based in Istanbul, Turkey, Hepsiburada sold 56.7 million shares at $12 per share.
EverCommerce, Inc., EVCM
- The software-as-a-service company, based in Denver, Colorado, provides solutions such as business management software for service-based small and medium-sized businesses including therapists, salon owners, and more. EverCommerce sold 19.1 million shares at $17.
Krispy Kreme, Inc., DNUT
- Based in Charlotte, North Carolina, the doughnut brand went public for the second time in its 83-year history. (It was taken private by JAB Holding Co. in 2016). Krispy Kreme says it sold 1.3 billion doughnuts across 30 countries in 2020. It sold 29.4 million shares at $17 per share.
Torrid Holdings, CURV
- The direct-to-consumer clothing brand makes apparel and intimates for plus-size women who wear a size 10 and up. The company, based in City of Industry, California, makes clothing for women ages 25 to 40. Torrid sold 11 million shares at $21 each.
F45 Training Holdings, Inc., FXLV
- The Austin,Texas-based fitness franchise company offers 45-minute workouts that combine high-intensity interval, circuit and functional training to its customers. The company, founded in Sydney, Australia in 2013, sold 20.3 million shares at $16 a share.
Rapid Micro Biosystems, Inc., RPID
- The life sciences company builds instruments to facilitate the manufacturing of biologics, vaccines, cell and gene therapies. Rapid Micro Biosystems, based in Lowell, Massachusetts, sold 7.9 million shares at $20 per share.
Sight Sciences, SGHT
- This medical instruments manufacturer makes ophthalmology and optometry equipment. Sight Sciences’ products OMNI and the TearCare System are designed to treat glaucoma and dry eye disease, respectively. Based in Menlo Park, California, Sight Sciences sold 10 million shares at $24 each.
Membership Collective Group, Inc., MCG
- The global private membership platform connects its approximately 119,000 members primarily through its 28 “houses,” or hotels. These include Soho House and The Ned in London, and Skorpios Beach Club in Mykonos, Greece. Based in London, United Kingdom, Membership Collective sold 30 million shares at $14 per share.
Phillips Edison & Company, Inc., PECO
- The managed real estate investment trust (REIT) owns neighborhood and community shopping centers. Based in Cincinnati, Ohio, Phillips Edison & Company sold 17 million shares at $28 each.
Bridge Investment Group Holdings, BRDG
- Based in Salt Lake City, Utah, the real estate investment manager has approximately $26 million of assets under management (AUM) as of March 31, 2021. Bridge sold 18.8 million shares at $16 per share.
Erasca, Inc., ERAS
- This pharmaceutical company is intent on erasing cancer. Based in San Diego, California, Erasca focuses on discovering, developing, and commercializing therapies for certain kinds of cancer. The company sold 18.8 million shares at $16 per share.
Stevanato Group, S.p.A., STVN
- Based in Padua, Italy, the life sciences company makes products, processes, and services for the lifecycle of drug development, including drug containment, delivery, and diagnostic solutions. Stevanato sold 32 million shares at $21 per share.
Blend Labs, Inc., BLND
- The San Francisco, California-based software platform company designs end-to-end consumer “journeys” for financial services companies, streamlining how customers can get mortgages, home equity lines, credit cards, deposit accounts, and more. Blend Labs sold 20 million shares at $18 per share.
CS Disco, Inc., LAW
- The software company uses artificial intelligence to help law firms, enterprises, legal service providers, and governments identify relevant legal documents in the discovery and review process. Based in Austin, Texas, CS Disco sold 7 million shares at $32 per share.
Kaltura, Inc., KLTR
- Based in New York, New York, Kaltura is a cloud-based provider of real-time, on-demand and live video products and solutions including a video portal, town halls, video messaging, meetings, webinars and content management system. Kaltura sold 15 million shares at $10.
Paycor HCM, Inc., PYCR
- Based in Cincinnati, Ohio, the company offers human capital software-as-service solutions for small and mid-sized businesses. Paycor has created a system that streamlines internal workflows including employee data management, payroll, and compliance. The company sold 18.5 million shares at $23 each.
- Based in London, England, the software-as-service company offers a comprehensive commerce solution that includes online stores, integration and management of order flows across channels, as well as creation of marketplaces to sell products from third-party vendors. The company sold 19 million shares at $19.
Couchbase, Inc., BASE
- The enterprise database provider enables companies to run mission-critical systems in multiple environments, including cloud, cloud-hybrid, and on-premise to the edge. The Santa Clara, California-based company sold 8.3 million shares at $24.
Ryan Specialty Group Holdings, Inc., RYAN
- The company sells specialty insurance solutions for insurance brokers, agents, and carriers, including distribution, underwriting, product development, administration, and risk management services. Based in Chicago, Illinois, Ryan, which also functions as a wholesale broker and managing underwriter, sold 56.9 million shares at $23.50.
Zevia, PBC, ZVIA
- Based in Encino, California, the company produces zero calorie, zero sugar, naturally sweetened beverages that are non-GMO verified. Zevia, which has a line of sodas, energy drinks, organic teas, mixers, kids drinks, and sparkling water, sold 10.7 million shares at $14 each.
Core & Main, Inc., CNM
- The distributor of water, wastewater, storm drainage, fire protection products and related services connects suppliers and customers in municipalities, and serves residential as well as non-residential customers. Based in St. Louis, Missouri, the company sold 34.9 million shares at $20.
Cytek BioSciences, CTKB
- The cell analysis lab instrument company hopes to innovate in cell research through the use of its full spectrum, high-resolution flow cytometers. Based in Fremont, California, the company sold 16.8 million shares at $17 each.
Outbrain, Inc., OB
- The online recommendation platform claims to work with more than 7,000 websites and digital publications to help monetize customer visits. Based in New York, New York, Outbrain sold 8 million shares at $20.
Xponential Fitness Inc., XPOF
- The boutique fitness franchisor helps to create specialized workouts in community-based environments. Based in Irvine, California, Xponential sold 10 million shares at $12 each.
MeridianLink, Inc., MLNK
- Based in Costa Mesa, California, MeridianLink is a software-as-a-service platform that works with financial institutions, particularly credit unions. The platform sold 13.2 million shares at $26 each.
PowerSchool Holdings, Inc., PWSC
- This software company provides cloud-based insights and analytics solutions to K-12 schools. PowerSchool Holdings, which is based in Folsom, California, expects to sell 39.5 million shares at $18 per share.
SnapOne Holdings Corp., SNPO
- Charlotte, North Carolina-based SnapOne Holdings is an electronics company that provides technology solutions for homes and businesses. SnapOne sold 13.9 million shares at $18 each.
Duolingo, Inc., DUOL
- The mobile language and education platform reports it has been downloaded more than 500 million times from the Google Play and Apple App stores. Based in Pittsburgh, Pennsylvania, the company plans to sell 5.1 million shares at $102 each.
Icosavax, Inc., ICVX
- The biopharmaceutical company, based in Seattle, Washington, uses a virus-like particle (VLP) platform to develop vaccines, primarily against life-threatening respiratory illnesses. ICOSAVAX sold 12.1 million shares at $15 each..
Nuvalent, Inc., NUVL
- The preclinical phase biopharmaceutical company develops precision targeted therapies for cancer. The Cambridge, Massachusetts-based company plans to sell 9.8 million shares at a range between $17 a share.
Riskified Ltd., RSKD
- The Tel Aviv, Israel-based e-commerce platform helps online merchants manage and prevent fraud through machine learning and automated decision making. Riskified sold 17.5 million shares at $21 a share.
Traeger Inc. (TGPX Holdings | LLC), COOK
- The wood pellet grill system manufacturer lets people grill, smoke, bake, roast, braise, and barbeque with natural hardwoods. Based in Salt Lake City, Utah, Traeger plans to sell 23.5 million shares at $18 each.
Robinhood Markets, Inc., HOOD
- The mobile financial services platform offers free stock trading to its 18 million customers, as of March 31, 2021, and the company says its mission is to “democratize” finance for consumers by lowering barriers to stock trading. Based in Menlo Park, California, the company sold 55 million shares at $38 a share.
Dole Plc., DOLE
- One of the largest producers of fruits and vegetables globally, Dole sells more than 300 products sourced from 30 countries around the world. Based in Dublin, Ireland, the company hopes to sell 30.3 million shares at a range between $16 and $17.
Ocean Biomedical, Inc., OCEA
- The biopharmaceutical company leverages its relationships with leading medical centers and research universities to bring innovation in cancer and infectious disease treatments to market. Based in Providence, Rhode Island, Ocean hopes to sell 6.3 million shares at a range between $7 and $9.
Omega Therapeutics, OMGA
- Based in Cambridge, Mass., the biotech company has designed an epigenomic programming platform that helps with DNA sequence targeting and mRNA-encoded therapeutics. Omega plans to sell 7.4 million shares at a range between $16 and $18.
Rani Therapeutics Holdings, RAN
- The clinical stage biotherapeutics company has developed a proprietary technology that it says helps replace subcutaneous IV injection with oral dosing, or pills. Based in San Jose, California, the company plans to sell 6.7 million shares at a range between $14 and $16.
Tenaya Therapeutics, Inc., TNYA
- The biotechnology company develops three categories of therapies that address the underlying causes of cardiovascular disease. The categories are gene therapy, cellular regeneration and precision medicine. Based in San Francisco, California, the company plans to sell 10 million shares at a range between $14 and $16.
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®.