Oct 6, 2021
Stash’s October 2021 IPO Calendar
Find out about some noteworthy IPOs from the past month and coming up.
Updated October 26, 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®.
Exscientia plc., EXAI
- Based in Oxford, United Kingdom, this pharmaceutical company uses artificial intelligence to discover, design, and develop drugs for the treatment of illnesses, particularly Alzheimer’s, obsessive-compulsive disorder (OCD), tumors, and inflammatory diseases. Exscientia sold 13.9 million shares at $22 each.
TDCX Inc., TDCX
- This Chai Chee, Singapore based company provides customer experience solutions, digital marketing services, and content moderation services for technology and blue-chip companies. TDCX sold 19.4 million shares at a price of $18 each.
Life Time Group Holdings Inc., LTH
- With roughly 1.4 million members, the lifestyle company offers customers health, fitness, and wellness programs and content. Based in Chanhassen, Minnesota, Life Time sold 39 million shares at a price of $18 per share.
Theseus Pharmaceuticals Inc., THRX
- Based in Cambridge, Massachusetts, the biopharmaceutical company develops therapies for cancer patients, specifically to target resistance mutations in oncogenes, which cause cancer. Theseus sold 10 million shares at a price of $16 each.
IsoPlexis Corp., ISO
- The biotechnology company has created a platform that allows researchers to get a complete look at protein function at an individual cellular level. The company, based in Branford, Connecticut, sold 8.3 million shares at a price of $15 per share.
AvidXchange Holdings Inc., AVDX
- The accounts payable and automation software company provides payment solutions for middle market companies and their suppliers. Based in Charlotte, North Carolina, AvidXchange sold 26.4 million shares at 25 each.
Gitlab Inc., GTLB
- The development operations software company allows customers to contribute to a single source code to shorten the time of their software development cycles. Based in Wilmington, Delaware, Gitlab sold 10.4 million shares at $77 each.
IHS Holding Ltd., IHS
- The owner, developer, and operator of shared telecommunications infrastructure provides network capacity to mobile network operators who service 596 million customers, according to the company. IHS, based in London, England, sold 18 million shares at $21 each.
Paragon 28 Inc., FNA
- The medical device company focuses on the foot and ankle orthopedics market. Based in Englewood, Colorado, the company sold 7.8 million shares at $16 a share.
Stronghold Digital Mining Inc., SDIG
- Based in New York, New York, this computer services company mines cryptocurrencies, primarily Bitcoin. Stronghold claims to be environmentally-focused, operating out of a coal refuse power generation facility. The company sold 6.7 million shares at $19 each.
Runway Growth Finance Corp., RWAY
- The lending company offers financing to high growth-potential companies in technology, life sciences, healthcare, business services, and more. Based in Chicago, Illinois, Runway sold 6.9 million shares at $14.60 each.
Ventyx Biosciences Inc., VTYX
- This biopharmaceutical company develops therapies for patients with inflammatory and autoimmune disorders. Encinitas, California-based Ventyx sold 9.5 million shares at $16 each.
Aris Water Solutions Inc., ARIS
- The Houston, Texas-based company aims to help companies reduce their water and carbon footprints by offering water handling and recycling services for energy companies. Aris sold 17.7 million shares at $13 each.
Enfusion Inc., ENFN
- The company provides software-as-a-service solutions to investment managers and companies in the investment management industry. Based in Chicago, Illinois, Enfusion soldl 18.8 million shares at $17 each.
Portillo Inc., PTLO
- Based in Oak Brook, Illinois, the multichannel restaurant company serves Chicago-style street food in 67 restaurants across nine states, including drive thru and fast casual venues. Portillo, whose restaurants serve dishes including Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, and crinkle-cut French fries, sold 20.3 million shares at a $20 per share price.
The Vita Coco Company, COCO
- The maker of packaged coconut water and other plant-based drinks has recently branched out into sustainably packaged and protein-enhanced waters. Based in New York, New York, the company sold 11.5 million shares at $15 each.
Informatica Inc., INFA
- Based in Redwood City, California, the software company has created an AI-powered platform, called the Data Management Cloud, that allows users to connect, manage, and unify data in a multi-cloud environment. Informatica hopes to sell 29 million shares at a range between $29 and $32 per share.
Rent the Runway Inc., RENT
- The online retail company allows customers to rent thousands of styles from hundreds of designer brands, with an option to buy the apparel if they choose. Rent the Runway, based in Brooklyn, New York, plans to sell 15 million shares between $18 and $21 per share.
Fluence Energy Inc., FLNC
- The Arlington, Virginia-based clean energy storage company is a joint venture between Siemens and Applied Energy Services (AES). Fluence makes energy storage products, specifically for renewable energy sources. The company hopes to sell 31 million shares for $21 to $24 each.
Globablfoundries Inc., GFS
- The semiconductor foundry and manufacturer says it has developed an integrated chip used in billions of devices worldwide. Globalfoundries also says it has a library consisting of thousands of IP titles, and differentiated transistor and device technology. Based in Malta, New York, the company plans to sell 12.9 million shares at a range between $14 and $17.
- The biopharmaceutical company has developed specialties in cardiovascular, oncology, ophthalmology, inflammatory disease and respiratory disease, and has collaborated with pharmaceutical company Pfizer, among others, to develop commercial infrastructure in China. Based in Princeton, New Jersey, the company plans to sell 20.3 million shares at a range between $15 and $17.
Solo Brands, Inc., DTC
- The outdoor lifestyle products company operates four brands, including Solo Stove, Oru Kayak, ISLE Paddle Boards, and Chubbies apparel. Based in Southlake, Texas, the company 12.9 million shares at a range between $17 and $19 each.
Airsculpt Technologies, AIRS
- The body sculpting company offers contouring procedures to remove unwanted fat. Based in Miami, Florida, the company hopes to offer 10 million shares at a price range between $15 and $17 each.
HireRight Holdings Corp., HRT
- A provider of workforce risk management and compliance solutions, the company offers background screening, verification, identification, monitoring, and drug and health screening services. HireRight, based in Nashville, Tennessee, hopes to sell 22.2 million shares at a price range between $21 and $24 per share.
Udemy Inc., UDMY
- The education marketplace and platform offers business skill development courses in 75 languages and 180 different countries. Based in San Francisco, California, Udemy hopes to sell 14.5 million shares at a range between $27 and $29 each.
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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