Mar 9, 2021
Stash’s March 2021 IPO CalendarBy 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.
February 11, 2021
- Based in Foothill Ranch, California, the retail-focused, non-bank, digital mortgage origination platform, originated $79.4 billion of loans for the 12 months ended Sept. 30, 2020. The company issued 3.9 million shares at $14.
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”). Apria, based in Indianapolis, Indiana sold 7.5 million shares at $20.
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 sold 8 million shares at $13.
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 issued 50 million shares at $43.
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 issued 23.5 million shares at $24.
March 3, 2021
Oscar Health, Inc., OSCR
- The health insurance provider, based in New York, uses technology and data analytics to help serve its 529,000 members. Oscar issued 37 million shares at $39.
March 4, 2021
InnovAge Holding Corp., INNV
- The senior-focused health care provider works with both Medicare and Medicaid recipients to keep them in their homes, rather than nursing homes, and to ensure cost savings for federal agencies. InnovAge, based in Denver, Colorado, sold 17 million shares at $21.
March 10, 2021
Roblox Corp., RBLX
- The 3-D learning and gaming company enables 36 million customers worldwide to connect, learn, communicate, and experience in digital worlds created by a community of 7 million developers. Based in San Mateo, California, Roblox will go public through a direct listing. (No share price currently available.)
March 11, 2021
COUPANG, Inc., CPNG
- The e-Commerce platform, based in South Korea, promises quick delivery of millions of items including groceries, often within hours. The company plans to issue 120 million shares at a price ranging from $27 to $30.
March 12, 2021
Hayward Holdings, Inc., HAYW
- The manufacturer of residential pool equipment and outdoor experiences claims to have 30% of the North American pool market. Based in Berkeley Heights, N.J., its offerings include energy-efficient and environmentally-friendly products. Hayward plans to sell 40 million shares at a price ranging from $17 and $19.
JOANN, Inc., JOAN
- The specialty retailer of crafts and fabrics claims to be a category leader in sewing and arts and crafts. The company, based in Hudson, Ohio, says it has benefitted from the DIY trends brought about by the Covid-19 pandemic. JOANN plans to sell 11 million shares at a price range between $15 and $17.
Prometheus Biosciences Inc., RXDX
- The biomedical company, based in San Diego, California, develops targeted treatments for irritable bowel syndrome, including a monoclonal antibody that may block small proteins that lead to inflammation of the bowels. Prometheus plans to sell 7.4 million shares at a price range between $16 and $18.
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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