May 10, 2021
Stash’s May 2021 IPO Calendar
By Stash Team
Find out about some noteworthy IPOs from the past month and coming up.
Updated: May 20, 2021
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.
Alkami Technology Inc., ALKT
- Based in Plano, Texas, the cloud-based digital banking company offers a platform that can help regional and super regional banks compete with larger, more technologically advanced banks. Alkami offered 6 million shares at $30.
Coinbase Global Inc., COIN
- The crypto-currency exchange, one of the largest in the U.S., aims to make a more open and dependable financial services industry and economy based on blockchain technology. Formerly based in San Francisco, the company is now fully remote. It sold 115 million shares through a direct listing. Shares began selling at $250.
Agilon Health Inc., AGL
- The Medicare-centric health care platform works with primary care physicians assisting seniors, which can help maximize care and savings. Agilon, based in Long Beach, California, sold 47 million shares at $23.
AppLovin Corp., APP
- The mobile app company can help game developers market and monetize their apps. Based in Palo Alto, California, AppLovin sold 25 million shares at $80.
TuSimple Holdings Inc., TSP
- The global self-driving truck company, based in San Diego, California, has developed autonomous driving software that enables long and short-term perception, decision making, and mapping for freight-hauling semis. The company sold 33.8 million shares at $40.
Akoya Biosciences, Inc. AKYA
- The biotech company focuses on disease therapy, using something called spatial biology to detect and map the distribution of cell types and biomarkers across whole tissue samples. Based in Marlborough, Mass., Akoya sold 6.6 million shares at $20.
Recursion Pharmaceuticals, Inc. RXRX
- The biotech company, based in Salt Lake City, Utah, uses big data, artificial intelligence, and engineering to develop a proprietary chemical and biological database, focused currently on colon cancer therapy. Recursion sold 24.2 million shares at $18.
DoubleVerify Holdings, Inc. DV
- The digital advertising company has created a software platform that can help companies root out advertising fraud, and independently verify their marketing and media strategies and results. Based in New York, New York, DoubleVerify sold 13.3 million shares at $27.
UiPath, Inc. PATH
- The artificial intelligence company can help workplaces automate business processes such as logging into applications, extracting information from documents, moving folders, filling in forms, and updating information fields and databases. Based in New York, New York, the company sold 23.9 million shares at $56.
KnowBe4, Inc. KNBE
- The security awareness platform lets organizations assess, monitor, and respond to cybersecurity threats and social engineering attacks. Based in Clearwater, Florida, the company sold 9.5 million shares at $16.
Zymergen, Inc. ZY
- The bio-friendly products company manufactures for consumers and businesses. Among its products are films for electronics companies, naturally derived UV protection, and a natural, non-DEET insect repellent. Zymergen, based in Emeryville, California, sold 13.6 million shares at $31.
Agiliti, Inc. AGTI
- The Minneapolis, Minnesota based medical products company provides critical care equipment to national, regional and local acute care facilities. The company sold 26.3 million shares at $14.
Latham Group, Inc. SWIM
- The in-ground fiberglass pool manufacturer creates products that give consumers the choice of either freshwater or saltwater pools. Based in Latham, New York, the company sold 20 million shares at $19.
Treace Medical Concepts, Inc. TMCI
- The orthopedic medical device products company specializes in 3-D bunion correction systems. Located in Ponte Verde, Florida, Treace sold 11.3 million shares at $17.
FTC Solar, Inc. FTCI
- The solar panel company produces a two-panel system with tracking software that it claims increases the capacity of the panels to collect solar power. Based in Austin, Texas, the company sold 19.8 million shares at $13.
Endeavor Holdings, Inc. EDR
- The premium content, events, and entertainment company produces live events and experiences. It also owns the Ultimate Fighting Championship (UFC), New York Fashion Week, and World Wrestling Entertainment. Endeavor sold 21.3 million shares at $24.
The Honest Company, Inc. HNST
- Based in Los Angeles, California, and founded by actress and entrepreneur Jessica Alba, the Honest company sells environmentally-friendly lifestyle products, such as diapers, wipes, skin products, and more. The Honest Company sold 25.8 million shares at $16.
Valneva SE, VALN
- Valneva makes vaccines against infectious diseases largely ignored or underserved by the medical world, such as Lyme disease. The company, which is based in Saint-Herblain, France, is in the second phase of clinical trials of their Lyme disease inoculation. Valneva is also testing a Covid-19 vaccine, and sold 3.5 million shares for $26.41.
Waterdrop, Inc., WDH
- Waterdrop is an online platform that can help consumers find healthcare and insurance in China. Based in Beijing, Waterdrop is reportedly the largest third-party insurance platform in the country. Waterdrop sold 30 million shares at $12.
Talaris Therapeutics, TALS
- Based in Louisville, Kentucky, Talaris Therapeutics is a stem cell therapy company focused on improving the standard of care for organ transplantation. The company’s lead product is called FCR001 and is made from stem and immune cells from healthy organ donors. Talaris sold 8.8 million shares at $17.
Global-E Online Ltd., GLBE
- This e-commerce platform based in Petah Tikva, Israel, hosts more than 440 merchants from around the world on its direct-to-consumer platform. The site allows consumers around the world to shop internationally with as little friction as possible, interacting with shoppers in their native languages, adjusting pricing and payment options, and factoring local consumer regulations and requirements including taxes, customs duties and shipping, as well as after-sales service and returns. Global-E expects to sell 15 million shares between $23 and $25 each.
- Based in Tel Aviv, Israel, Similarweb makes software that allows websites, marketers, analysts, salespeople, and more, to gain business and marketing insights about interactions with their website and with those of their competitors. Similarweb will sell 8 million shares at a range between $19 and $21.
Enact Holdings, Inc., ACT
- Formerly Genworth Holdings, Enact is a private mortgage provider that offers services in all 50 states in the U.S., as well as Washington, D.C. The company, which is based in Raleigh, North Carolina, hopes to sell 22.6 million shares at a price range of $20 to $24.
hear.com N.V., HCG
- Based in Utrecht, Netherlands, hear.com is an online platform that can help customers find medical-grade hearing care, including hearing tests, device fittings, and clinics. The company plans to sell 16.2 million shares at a $17 to $20 range.
Squarespace, Inc., SQSP
- Squarespace is an online platform that allows both individuals and companies to create their own websites, build their brands, and manage their businesses. The tech company, based in New York, New York, will go public via a direct listing.
Oatly Group, AB OTLY
- The producer of oat-based milks, ice creams, yogurts, cooking creams, spreads and on-the-go drinks positions itself as an plant-based alternative to traditional dairy products. Based in Malmo, Sweden, Oatly plans to sell 84.4 million shares at a range between $15 and $17.
Procore Technologies, PCOR
- The provider of construction management cloud-based software can help general contractors, specialty contractors, architects, and engineers, to collaborate from multiple locations and multiple Internet-connected devices. Procore, based in Carpinteria, California, plans to sell 9.5 million shares at a range between $60 and $65.
Ziprecruiter, Inc. ZIP
- The online job market platform aims to simplify job searches and placements by matching opportunities for job seekers with employers seeking candidates for positions. Founded in 2010, the Santa Monica, California-based company plans to sell 86.6 million shares through a direct listing. (No share price information immediately available.)
Flywire Corp., FLYW
- Flywire is an electronic payments enablement company that focuses on education, healthcare, travel, and business-to-business transactions, rather than e-commerce and consumer payments. Based in Boston, Massachusetts, Flywire plans to sell 8.7 million shares at a range between $22 and $24.
Paymentus Holdings, Inc., PAY
- Based in Redmond, Washington, Paymentus is a cloud-based bill payment company. Paymentus, which lets its more than 1,300 business clients bill their customers, expects to sell 10 million shares at a range between $19 and $21.
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.