Jun 7, 2021
Stash’s June 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®.
Updated June 29, 2021
dLocal, Ltd., DLO
- Based in Montevideo, Uruguay, dLocal handles online payments in emerging markets. The company’s unified platform helps global merchants accept and make payments. The company sold 29.4million shares at $25.
Margeta, Inc., MQ
- The company offers a technology platform that lets companies issue debit and prepaid cards, as well as process payments for customers. Based in Oakland, California, Marqeta works with companies including Affirm, Doordash, Instacart and Klarna to create customized cards and payment methods. The company sold 45.5 million shares at $27.
1STDIBS.COM, Inc., DIBS
- Based in New York, New York, the online marketplace connects sellers and makers of vintage, antique, and contemporary furniture, home décor, jewelry, watches, art and fashion with buyers. The marketplace currently has approximately 4,200 seller accounts in 55 countries, with 3.5 million users. 1STDIBS sold 5.8 million shares for $20 a share.
Lifestance Health Group, Inc., LFST
- The company provides mental health services online and in person at health centers. Based in Scottsdale, Arizona, the company employs approximately 3,300 licensed mental health clinicians through subsidiaries and affiliated practices in 27 states as of March 31, 2021. Lifestance sold 40 million shares at $18 each.
Monday.com, Ltd., MNDY
- The cloud-based platform lets its customers create their own modular software applications and management tools with either no coding, or low-coding involvement. The categories of building blocks include items, columns, views, automations, integrations and widgets, according to company information. Based in Tel Aviv, Israel, the company sold 3.7 million shares at a price of $155 each.
Zeta Global Holdings Corp., ZETA
- The omnichannel data-driven and artificial intelligence cloud platform provides businesses with consumer intelligence and automated marketing insights. The platform delivers personalized marketing across channels including email, social media, web, chat, connected TV, and video. Based in New York, New York, Zeta sold 21.5 million shares at $10 each.
- The New Braunfels, Texas company provides outsourcing services that handle urgent business customer needs such as compliance and online content moderation. The company has approximately 100 customers in industries ranging social media, e-commerce, financial technology, gaming, health technology, streaming media, food delivery and ride sharing. Its clients include Zoom, Netflix, Uber, Coinbase and Oscar. TaskUs sold 13.2 million shares at $23 each
Janux Therapeutics, JANX
- Based in La Jolla, California, Janux Therapeutics is a pharmaceutical company developing therapeutics to treat cancer with something called a tumor-activated T cell engager. Janux sold 9.5 million shares at $17 each
Kanzhun Limited, BZ
- The Beijing, China-based online recruitment platform connects employers with potential candidates. The company sold 48 million American Depositary Shares (ADS) at $19 each. Note: The IPO is structured as a sale of ADS, representing 96 million Class A ordinary shares.
Convey Holding Parent, Inc., CNVY
- The healthcare platform, and parent of Convey Health, uses technology that aims to improve government-sponsored plans, such as Medicare Advantage. Based in Fort Lauderdale, Florida, Convey sold 13.3 million shares at $14 each.
WalkMe Ltd., WKME
- Tel Aviv, Israel-based software company WalkMe allows employees of businesses and customers to navigate websites, Software as a Service (SaaS) applications, and mobile apps in one place. WalkMe sold 9.3 million shares at $31 each.
Angel Oak Mortgage, Ltd., AOMR
- The real estate investment company invests in first lien, nonqualified (non-QM) loans and other mortgage related assets. Based in Atlanta, Georgia, Angel Oak sold 7.2 million shares at $19 pers share.
Lyell Immunopharma, Inc., LYEL
- The preclinical biotech company works with T cells to treat solid tumors in cancer patients. Lyell Immunopharma is based in San Francisco, California, and sold 25 million shares at $17.
Verve Therapeutics, VERV
- Verve Therapeutics is a genetic medicines company that aims to develop single-course gene editing medicines to replace chronic treatments for cardiovascular disease. Based in Cambridge, Massachusetts, Verve sold 14.04 million shares at $19 per share.
AiHuiShou International Co. Ltd., RERE
- Based in Shanghai, China, the company claims to be one of the largest pre-owned consumer electronics transactions and services platforms in China. AiHuiShou sold 16.2 million shares at $14 per share.
Ambrx Biopharma, AMAM
- Ambrx Biopharma sold 7 million shares at $18 per share. This biologic products company is based in La Jolla, California, and is a clinical-stage biologics company that uses genetic code technology to incorporate synthetic amino acids into the proteins of living cells.
ATAI Life Sciences B.V.*, ATAI
- The clinical-stage biopharmaceutical company, based in Berlin, Germany, is developing psychedelic compounds for the treatment of mental health disorders, such as depression, substance use disorder, and anxiety. ATAI sold 15 million shares at $15.
Century Therapeutics, IPSC
- Based in Philadelphia, Pennsylvania, Century Therapeutics is a biotechnology company developing allogeneic cell therapies for solid tumors and hematological malignancies. Century Therapeutics expects to sell 10.6 million shares at $20.
Cyteir Therapeutics, CYT
- The Lexington, Massachusetts-based clinical stage biotechnology company develops precision oncology medicines that aim to inhibit DNA damage and cause cancer cell death. Cyteir Therapeutics hopes to sell 7.4 million shares at $18 per share.
Tremor International, Ltd., TRMR
- Based in Tel Aviv, Israel, the software company connects advertisers and publishers to help deliver brand stories to the right audiences. Tremor will be uplifted, or moved, to the NASDAQ from London-based AIM and sold 6.8 million shares at $19 per share.
Full Truck Alliance, Co., Ltd., YMM
- Full Truck Alliance is known as “China’s Uber for Trucks,” and is a software platform that connects shippers with truckers. The company sold 82.5 million American Depositary Shares (ADS) at a price of $19. Note: The IPO is structured as a sale of ADS, representing 1.65 billion Class A ordinary shares.
First Advantage Corp., FA
- Based in Atlanta, Georgia, First Advantage is a global technology platform that provides employers with technology solutions for screening, verification, safety, and compliance for employees. First Advantage sold 25.5 million shares at $15 per share.
Sprinklr, Inc., CXM
- This enterprise software company connects internal departments such as customer care and marketing, with the goal of allowing them to collaborate to serve customers. Based in New York, New York, Sprinklr sold 16.7 million shares at $16.
Bright Health Group, BHG
- The healthcare company aims to help consumers find the best care using local resources, while reducing costs. Bright Health, based in Minneapolis, Minnesota, sold 51.4 million shares at $18 per share.
Doximity, Inc., DOCS
- Based in San Francisco, California, the software platform lets doctors work with colleagues, coordinate patient care, hold virtual appointments with patients, and more. The platform sold 23.3 million shares at $26 per share.
Dingdong Cayman Limited, DDL
- Dingdong Cayman is an on-demand e-commerce company based in Shanghai, China. This company provides fresh produce, meat, seafood, and more on a daily basis to households in China. Dingdong sold 3.7 million ADS at $23.50 per share.
CLEAR Secure, Inc., YOU
- Based in New York, the security platform uses biometrics such as fingerprint, eye, and face identification for secure travel. CLEAR plans to sell 13.2 million shares at a $27 to $30 price range.
DiDi Global, Inc., DIDI
- Known as “China’s Uber,” DiDi Global is a technology platform that gives customers access to taxis, chauffeurs, and other ride sharing options. Based in Beijing, China, DiDi hopes to sell 288 million shares at a range of $13 to $14.
Intapp, Inc., INTA
- Based in Paolo Alto, California, the software service company allows professional and financial services firms to connect their people, processes, and data through cloud-based artificial intelligence solutions. Intapp plans to sell 10.5 million shares at a price range of $25 to $28.
Integral Ad Science Holding, IAS
- The technology platform provides integrated verification and measurement for digital advertising channels such as desktop, mobile, connected TV, social, display, and video. Based in New York, New York. IAS expects to sell 15 million shares at a $15 to $17 range.
LegalZoom.com, Inc., LZ
- Based in Glendale, California, the online platform for legal and compliance solutions in the U.S. LegalZoom.com offers small businesses subscription legal services to help protect themselves. The company plans to sell 19.1 million shares between $24 and $27.
Sentinelone, Inc., S
- The artificial intelligence-powered, autonomous cybersecurity platform offers autonomous endpoint threat detection and defense. The Mountain View, California- based tech company hopes to sell 32 million shares at a price range of $26 to $29 per share.
Xometry, Inc., XMTR
- This Derwood, Maryland based company is an online marketplace connecting companies with manufacturing demand and manufacturers. Xometry expects to sell 6.9 millions shares between $39 and $42 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®.
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