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Highlights
- In the first nine months, Nasdaq saw 560 stock listings.
- IPO momentum is far from over in the fourth quarter of 2021.
- There are 13 IPOs lined up for this week.
Despite a volatile market, IPO hopefuls are many. Last week, Global Foundries became the largest IPO in the semiconductor industry after raising US$2.6 billion in proceeds.
In the first nine months of 2021, NASDAQ saw 560 stock listings, including IPO, SPAC, and direct listings, raising a total of US$136 billion. Here are 10 upcoming IPOs expected this month.
Allbirds, Inc. (NASDAQ:BIRD)
Price range – US$12.00 to US$14.00
Shares offered – 19230768
Shareholder shares offered – 3846153 (included in total shares offered)
Underwriter shares on option - 2,884,615
Expected IPO date - November 03, 2021
The company, founded in 2015, is based in San Francisco, California. It is a lifestyle brand. It makes footwear and apparel products from naturally derived materials.
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Claros Mortgage Trust, Inc. (NYSE:CMTG)
Price range – US$18.65 to US$19.65
Shares offered – 7000000
Shareholder shares offered – N/A
Underwriter shares on option - 1,050,000
Expected IPO date - November 03, 2021
The New York-based Claros Mortgage is a finance company. It offers senior and subordinate loans on the transitional CRE assets in the US. The CRE assets are properties that need renovation, rehabilitation, leasing, or redevelopment to maximize their value.
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Source – Pixabay
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Delimobil Holding S.A. (NYSE:DMOB)
Price range – US$10.00 to US$12.00
Shares offered – 20000000
Shareholder shares offered – N/A
Underwriter shares on option - 3,000,000
Expected IPO date - November 03, 2021
The company was founded in 2015. The mobility provider offers affordable transportation alternatives or car-sharing services to the consumers with an advanced technology framework. The company operates in Russia. It had 1056 employees at the end of June 30, 2021.
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Nerdwallet, Inc. (NASDAQ:NRDS)
Price range – US$17.00 to US$19.00
Shares offered – 7250000
Shareholder shares offered – N/A
Underwriter shares on option - 1,087,500
Expected IPO date - November 04, 2021
The San Francisco, California-based company helps consumers make financial decisions. Nerdwallet provides financial guidance to consumers to improve their economic well-being.
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Evotec SE (NASDAQ Global Select: EVO)
Share Price – US$26.16
Shares offered – 22000000
Shareholder shares offered – N/A
Underwriter shares on option - 3,300,000
Expected IPO date - November 04, 2021
The company is engaged in drug discovery and development for the pharmaceutical and biotechnology industry. It is headquartered in Hamburg, Germany.
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Arhaus, Inc. (NASDAQ Global Select: ARHS)
Price range – US$14.00 to US$17.00
Shares offered – 22903226
Shareholder shares offered – 10000000 (included in total shares offered)
Underwriter shares on option - 3,435,484
Expected IPO date - November 04, 2021
The Boston Heights, Ohio-based company was founded in 1986. The lifestyle company offers premium and heirloom-quality home furnishings to customers.
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Desert Peak Minerals Inc. (NYSE:DPM)
Price range – US$20.00 to US$23.00
Shares offered – 10000000
Shareholder shares offered – N/A
Underwriter shares on option - 1,500,000
Expected IPO date - November 05, 2021
The company acquires, owns, and manages mineral and royalty interests. Its assets are primarily in the Permian Basin. The company is headquartered in Denver, Colorado.
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Cian PLC (NYSE:CIAN)
Price range – US$13.50 to US$16.00
Shares offered – 18,213,400
Shareholder shares offered – 14171000 (included in total shares offered)
Underwriter shares on option - 2,732,010
Expected IPO date - November 05, 2021
The company provides a real estate classifieds platform in the Russian real estate market. The company had 756 employees as of June 30, 2021.
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Source – Pixabay
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Kidpik CORP. (NASDAQ Capital: PIK)
Price range – US$08.00 to US$10.00
Shares offered – 1666667
Shareholder shares offered – N/A
Underwriter shares on option - 250,000
Expected IPO date – N/A
The New York-based company started operation in 2016. This subscription-based e-commerce company provides clothing subscription services for girls, boys, toddlers, and youth based on personal preferences.
The company filed for IPO on October 6 and amended form S1/A on Oct 29 for its common stock worth US$17,250,000, excluding underwriters’ options of shares.
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Vaxxinity, Inc. (NASDAQ Global: VAXX)
Price range – N/A
Shares offered – N/A
Shareholder shares offered – N/A
Underwriter shares on option - N/A
Expected IPO date - N/A
Vaxxinity is a biotechnology company that aims to “democratize” healthcare globally. It aims to bring disruptive treatment for chronic diseases. Its Vaxxine Platform seeks to use the immune system to make its own ‘drug factory’ to produce antibodies in fighting diseases.
The company filed its registration statement for IPO on Oct 8, 2021. The offering was for US$100 million worth of Class A common stock. However, no further detail was immediately available.
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Bottomline
The year 2021 has been a blockbuster year for global IPOs. In the US, several major IPOs were launched across industries this year. However, investors must exercise due diligence before investing in stocks.
