IPOs this week : July 26 - 30, 2021 (wk 30)

IPOs expected to price

• Dole (DOLE), Duolingo (DUOL), MeridianLink (MLNK), Snap One (SNPO), Context Therapeutics (CNTX), Riskified (RSKD) and Preston Hollow Community Capital (PHCC) on July 28. 
• Robinhood Markets (HOOD) is also expected to start trading after its direct listing.  Menlo Park, Calif., 55 million shares, priced $38-$42, managed by Goldman Sachs/JP Morgan. Business: Offers a no-commission retail brokerage platform.
• Aspire Global (NASDAQ:ASPG) - 15 million shares, priced $7-$9, managed by Tiger Brokers/EF Hutton. Business: E-cigarette and vaping brand.
• Clarios (NYSE:BTRY) - Milwaukee, 88.1 million shares, priced $17-$21, managed by BofA Securities/JP Morgan.  Business: Global manufacturer of low-voltage vehicle batteries.

 IPO quiet period expirations

• Didi Global (NYSE:DIDI), SentinelOne (NYSE:S), Legalzoom (NASDAQ:LZ), Krispy Kreme (NASDAQ:DNUT), Xometry (NASDAQ:XMTR), EverCommerce (NASDAQ:EVCM), Intapp (NASDAQ:INTA), Torrid Holdings (NYSE:CURV), CVRx (NASDAQ:CVRX), Aerovate Therapeutics (NASDAQ:AVTE), DingDong Cayman (NYSE:DDL), Better Choice Co Inc (OTCQX:BTTR), Pop Culture Group (NASDAQ:CPOP), Glimpse Group (NASDAQ:VRAR), Recruiter Group (NASDAQ:RCRT) and Eco Wave Power Global (NASDAQ:WAVE). 

IPO lockup expirations

Shoals (NASDAQ:SHLS), Tian Ruixiang (NASDAQ:TIRX), Qualtrics (NASDAQ:XM) and ZIM Shipping Services (NYSE:ZIM) to watch.

Xponential Fitness (XPOF) began trading on the NYSE on Fri 23 July 21

Xponential Fitness operates as a boutique fitness franchisor in North America and internationally. The company offers fitness and wellness workouts, including Pilates, barre, cycling, stretch, rowing, yoga, boxing, dance, and running under the Club Pilates, Pure Barre, CycleBar, Stretch Lab, Row House, Yoga Six, Rumble, AKT, and Stride brand names. As of March 31, 2021, it had 1,060 franchisees operating 1,775 open studios. 

• Sector(s): Consumer Cyclical
• Industry: Leisure
• Full Time Employees: 240
• Founded in 2017 
• Headquartered in Irvine, California
• http://www.xponential.com

Xponential Fitness priced 10 mln share IPO at $12.00 per share, below the $14-16 expected range

Opened at $11.20 after pricing IPO at $12 

Paycor (PYCR) began trading on the Nasdaq on Wed 21 July 21

Paycor HCM, Inc. provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. 

In its filings with the U.S. Securities and Exchange Commission, the company said that it has more than 28,000 customers across all 50 states in the U.S.

• Sector(s): Technology
• Industry: Software—Application
• Full Time Employees: 1,945
• founded in 1990 and is headquartered in Cincinnati, Ohio.
• Chief Executive Officer Raul Villar Jr.
• http://www.paycor.com
• Funds controlled by private equity firm Apax Partners will own 82% of its common stock after its listing.

Paycor priced 18.5 mln share IPO at $23.00 per share, above the $18-21 expected range

July 21: Opened at $28, rose as much as 32%, closed at $26.05 in New York trading, giving the company a market value of $4.46 billion.

For the nine months ended March 31, Paycor had a net loss of $46 million on revenue of $265 million, compared with a loss of $47 million on revenue of $255 million for the same period a year earlier, according to the filings.

Zevia PBC (ZVIA) began trading on the NYSE on Thur 22 July 21

Zevia PBC, a beverage company, develops, markets, sells, and distributes various zero calorie carbonated soft drinks under the Zevia brand name in the United States and Canada.

• Sector(s): Consumer Defensive
• Industry: Beverages—Non-Alcoholic
• Full Time Employees: 98
• Founded in 2007 
• HQ: Encino, California
• http://www.zevia.com

Zevia PBC opened at $12.50 after pricing downsized 10.7 mln share IPO at $14/share, at the midpoint of the $13-15 expected range