initial public offerings (IPOs) trading on American exchanges

Saturday, September 12, 2020

IPOs this week : September 14 - 18, 20 (wk 38)

IPOs expected to price
  • Amwell (AMWL), 
  • JFrog (FROG), 
  • Outset Medical (OM), 
  • Pactiv Evergreen (PTVE), 
  • Broadstone Net Lease (BNL), 
  • Snowflake (SNOW), 
  • Sumo Logic (SUMO), 
  • Unity Software (U) and 
  • Vitru (VTRU). 
Snowflake is the big name to watch after the company attracted $570M from Berkshire Hathaway (NYSE:BRK.A) and $250M from (NYSE:CRM) for Class A shares. The data warehouse company plans to raise $2.2B by offering 28M shares in a price range of $75 to $85 to give it a market valuation in the range of $20.9B to $23.7B. The IPO will result in Class B shareholders having about 98% of the voting power at the company.

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