Nov 19, 2020
Stash’s November 2020 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 companies 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.
Thursday, October 1, 2020
Mission Produce, AVO
- The Oxnard, California-based company sources, grows, and distributes avocados to more than 25 countries from packing facilities in the U.S., Mexico and Peru. It also owns 11 distribution and ripening centers across the U.S., Canada, China and the Netherlands, and cultivates avocados on more than 8,000 acres in Peru. Mission was founded in 1983 and claims to be the first U.S. company to import avocados from Mexico, Peru, and Chile. Shares were listed at $12.
Pulmonx Corp., LUNG
- The medical technology company, based in Redwood City, California,makes a minimally invasive solution for patients with severe emphysema. Shares of Pulmonx were initially listed at $19.
Friday, October 2, 2020
Academy Sports and Outdoors, ASO
- The Katy, Texas sporting goods and outdoor equipment retailer was founded in 1938 and has expanded to 259 stores in 16 states. Shares of the company were listed at $13.
C4 Therapeutics, CCCC
- C4 Therapeutics, based in Watertown, Massachusetts, is a biopharmaceutical company focused on cancer treatment. It has developed a platform called Target Oriented Protein Degrader Optimizer (TORPEDO), which synthesizes proteins that target disease-causing proteins. C4 Therapeutics began trading at $19 per share.
Thursday, October 8, 2020
fuboTV, Inc., FUBO
- fuboTV, based in New York, recently moved from the OTCQB market to the NYSE. fuboTV started out as a sports streaming platform, before moving into news and entertainment. fuboTV, which has a market cap of $670.1 million, was known as FaceBank Group until August, 2020. Shares of fuboTV were listed at $10.
Friday, October 9, 2020
Kronos Bio, Inc., KRON
- Kronos is a biopharmaceutical company that develops drugs for the treatment of cancer. The company is in clinical trials of a drug that would be used to treat leukemia. Kronos was listed at $19 per share.
Thursday, October 15, 2020
Array Technologies, Inc., ARRY
- Array Technologies develops “trackers” for solar panels that allow the panels to move throughout the day to follow the sun. Array, based in Albuquerque, New Mexico, listed its shares at $22.
MINISO Group Holding, Ltd., MNSO
- MINISO was founded in China in 2013. MINISO is a global retailer of lifestyle products. The company has opened 4,200 stores throughout the world. Shares of MINISO were initially listed at $20.
Friday, October 16, 2020
- Eargo makes and sells hearing aids. The company claims to be the first company to have developed a hearing aid that is practically invisible to the eye, rechargeable, FDA-regulated Class I exempt, and located completely in the ear canal. Eargo shares began trading at $18.
Praxis Precision Medicines, Inc., PRAX
- The biopharmaceutical company, based in Cambridge, Massachusetts, develops therapies based on research of genetics mutations that may cause central nervous system disorders such as major depressive disorder, severe pediatric epilepsy, and adult cephalgia. Shares of the company were listed at $19.
Wednesday, October 21, 2020
Datto Holding Corp., MSP
- The technology company, based in Norwalk, Connecticut, makes mission critical and security cloud-based software and tech solutions for small to medium businesses. Datto’s shares began trading at $27.
Thursday, October 22, 2020
Abcam plc, ABCM
- Abcam plc moved from the London Stock Exchange’s alternative listing component called AIM to the NASDAQ as an ADR. Abcam provides tools and services to life science researchers who do biological research. Abcam shares were listed on the NASDAQ at $17.50.
Guild Holdings Company, GHLD
- The relationship-based mortgage provider, founded in 1960, has expanded to 31 states throughout the U.S. Guild Holdings, based in San Diego, California, listed shares of the company for $15.
McAfee Corp., MCFE
- McAfee Corporation, based in San Jose, California, has been making security, privacy, and trust software for consumers, enterprises, and governments to prevent cyberattacks for more than 30 years. It was previously public from 1999 until 2011, when chip maker Intel purchased it and took the company private. Shares of McAfee were initially listed at $20.
Friday, October 23, 2020
Foghorn Therapeutics, FHTX
- The biotech company works to target genetic dependencies within the chromatin regulatory system, where 50% of cancers originate. Foghorn, based in Cambridge, Massachusetts, listed shares at $16.
Wednesday, October 28, 2020
Media Alpha, Inc., MAX
- Media Alpha, based in Los Angeles, California, provides a technology platform for insurance companies enabling them to better target and acquire new customers online. Founded in 2014, Media Alpha employs 89 people. The company initially listed shares at $19.
Root, Inc., ROOT
- The Columbus, Ohio-based technology company helps consumers find auto insurance using an app-based platform that uses data science to price policies based on driving history and other background information. Shares of Root were listed at $27.
Thursday, October 29, 2020
Allegro Microsystems, ALGM
- The Manchester, New Hampshire-based company produces sensor integrated circuits (ICs). These ICs are primarily used in the automotive and industrials market. Allegro began trading shares of the company at $14.
Leslie’s, Inc., LESL
- One of the biggest retailers of pool and spa equipment in the U.S, with 934 branded locations throughout the country, Leslie’s, based in Phoenix, Arizona, sells its products to residential, professional, and commercial customers. It priced its shares at $17 to start.
Friday, October 30, 2020
Atea Pharmaceuticals, AVIR
- The Boston-based biotech firm makes therapeutics to treat severe viral infections. Atea is making and testing antiviral treatments for illnesses such as the novel coronavirus that causes Covid-19, hepatitis C, and more. Shares of Atea were listed at $24.
Lufax Holding, Ltd., LU
- The technology company provides wealth management services in China. The platform helps small business owners get access to personal lending options. Lufax listed its shares at $13.50.
Friday, November 20, 2020
Maravai LifeSciences Holdings Inc., MRVI (proposed)
- The San Diego, California-based pharmaceutical company develops drug therapies, diagnostics, and vaccines. Maravai plans to list 50 million shares between $24 and $27 each when it goes public.
Sotera Health Company, SHC (proposed)
- Sterigenics, Nelson Labs, and Nordion make up Sotera Health, based in Broadview Heights, Ohio. Sotera provides laboratory testing and advisory services to ensure safety in the medical device, pharma, tissue, and food industries. Sotera plans to list 46.6 million shares between $20 and $23 per share.
Telos Corporation, TLS (proposed)
- The Ashburn, Virginia company provides risk assessment services and security solutions for enterprises, including private companies as well as local and federal government entities. Telos plans to list 12.4 million shares between $16 and $18 per share.
Tuesday, November 24, 2020.
Ozon Holdings, OZON (proposed)
- Known by some as “Russia’s Amazon,” the digital commerce company offers same-day deliveries of items including fresh food, car parts, electronics, home decor, and children’s toys throughout Moscow, Russia, and next day delivery to 40% of the country. The company has more than 11 million active customers. Ozon will list 30 million shares at a range between $22.50 and $27.50.
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.