initial public offerings (IPOs) trading on American exchanges

Monday, May 13, 2019

IPOs this week : May 13 - 17, 19

Expected IPO pricings: 
  • Chinese coffee upstart Luckin Coffee (LK) is the headliner of next week's expected IPO pricings. The listing will be one of the biggest by a mainland company in the U.S. this year. Luckin aims to raise up to $587M at a price range between $15 and $17 by selling 30M American depositary shares, with each ADS representing eight ordinary shares. Luckin plans to have more than 4.5K pickup stores open by the end of the year, while competitor Starbucks (NASDAQ:SBUX) is targeting 6K of its larger-format stores by the end of 2022. 
  • ConversionPoint (CPTI) on May 13, 
  • Bricktown Restaurant Group (BEER) on May 14, 
  • Pimco Mortgage Income Trust (PMTG) on May 15 as well as Avantor (AVTR) and Fastly (FSLY) on May 15.

IPO lockup expirations: 
  • Vapotherm (NYSE:VAPO) on May 13; 
  • Bain Capital Specialty Finance (NYSE:BCSF) and Weidai (NYSE:WEI) on May 14.

IPO quiet period expirations:
  • Pinterest (PINS) and Zoom Video Communications (NASDAQ:ZM) on May 13.

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