initial public offerings (IPOs) trading on American exchanges

Friday, April 30, 2021

Endeavor Group Holdings (EDR) began trading on the NYSE on Thur 29 Apr 2021

Endeavor Group Holdings, Inc., or simply Endeavor, formerly known as William Morris Endeavor Entertainment, is an American holding company for talent and media agencies with its primary offices in Beverly Hills, California. 

Thursday, April 29, 2021

Cara Therapeutics (CARA) : Korsuva fails for the treatment in atopic dermatitis (AD) patients





Cara Therapeutics announces topline results from its KARE Phase 2 dose-ranging clinical trial of Oral KORSUVA for the treatment of moderate-to-severe pruritus in mild-to-severe atopic dermatitis patients
  • Study did not meet Primary Endpoint of worst-itch NRS change from baseline at week 12 or Secondary Endpoint of 4-point responder analysis in the ITT patient population.
  • Study achieved Primary Endpoint of worst-itch NRS change and Secondary Endpoint of 4-point responder analysis in pre-specified analyses of mild-to-moderate AD patients (64% of ITT patient population).
  • Statistically significant improvement in 4-point responder analysis in mild-to-moderate (BSA <10%) AD patients with 32% of KORSUVA-treated patients achieving a > 4-point reduction vs. 19% in placebo group (p=0.03).
  • KORSUVA was well tolerated at all dose levels.
  • Wednesday, April 28, 2021

    FTC Solar (FTCI) began trading on the Nasdaq on Wed 28 Apr 21

     FTC Solar, Inc. provides solar tracker systems, and software and engineering services in the United States and internationally. 
    • Sector(s): Technology
    • Industry: Solar
    • Full Time Employees: 178
    • Incorporated in 2017
    • Headquartered in Austin, Texas
    Prices upsized 19.84 mln share IPO at $13.00 per share, below the expected range of $18-20
    Opened at $15.21

    Monday, April 26, 2021

    The Honest Company Seeks $1.5B IPO

    Jessica Alba's The Honest Company said today it would list on Nasdaq in an initial public offering valued over $1.5 billion. 

    The Los Angeles-based company said in its filing with the Securities and Exchange Commission that it was offering around 25.8 million shares between $14 and $17 each. Honest would receive around $110 million at the upper end of the range, excluding proceeds from shares offered by stockholders.

    The company said it was planning to use the proceeds from the offering to fund marketing and direct-to-consumer advertising, as well as launch new products and buy complementary businesses.

    IPOs this week : Apr 26 - 30, 2021 (wk 17)

    IPOs expected to price
    • FTC Solar (FTCI) on April 28 
    • Endeavor Group (NYSE:EDR) and Fortegra Group (FRF) on April 29. 
    IPO lockup expirations
    • Root (NASDAQ:ROOT), 
    • MediaAlpha (NYSE:MAX), 
    • Gatos Silver (NYSE:GATO), 
    • Biodesxi (NASDAQ:BDSX), 
    • Leslie's (NASDAQ:LESL), 
    • Allegro MicroSystems (NASDAQ:ALGM), 
    • Lufax Holding (NYSE:LU), 
    • Atea Pharmaceuticals (NASDAQ:AVIR), 
    • SQZ Biotechnologies (NYSE:SQZ) and 
    • Galecto (NASDAQ:GLTO). 

    IPO quiet period expirations
    • Frontier (NASDAQ:ULCC), 
    • Coursera (NYSE:COUR), 
    • Compass (NYSE:COMP), 
    • Karooooo (NASDAQ:KARO) and 
    • Smart Share (NASDAQ:EM).

    Monday, April 19, 2021

    ESports Technologies (EBET) began trading on the Nasdaq on 15 April 21

    Esports Technologies is a Las Vegas-based company that specializes in online gambling for esports and competitive gaming. The company also runs, a platform for bettors based in Latin America and Asia.
    The company formally filed to come public in March 2021, after filing confidentially in December.
    During the fiscal year that ended in September 2020, Esports Technologies reported revenue of just $196,000.
    • Sector(s): Consumer Cyclical
    • Industry: Gambling
    • Full Time Employees: 37
    • Incorporated in 2020 
    • HQ in Las Vegas, Nevada.
    2.4M share offering was priced at $6.00 per share vs. the original expected range of $5.00 to $6.00
    Opened for trading on the Nasdaq at $21 per share on 15 Apr 21

    IPOs this week : Apr 19 - 23, 2021 (wk 16)

    IPOs expected to price
    • UiPAth (NYSE:PATH), DoubleVerify (NYSE:DV) and NeuroPace (NASDAQ:NPCE) on April 20, 
    • Zymergern (NASDAQ:ZY) and KnowBe4 (NASDAQ:KNBE) on April 22. 

    IPO lockup expirations
    • Datto Holding (NYSE:MSP), 
    • Topaz Energy (NYSE:TPZ), 
    • McAfee (NASDAQ:MCFE), 
    • Guild Holdings (NYSE:GHLD), 
    • Foghorn Therapeutics (NASDAQ:FHTX) and 
    • ComSovereign Holding (NASDAQ:COMS). 

    IPO quiet period expirations
    • ThredUp (NASDAQ:TDUP) on April 20 to free up analysts to post ratings. 

    Shares of (NASDAQ:TRIP) will begin trading in Hong Kong next week following a new listing.

    Monday, April 12, 2021

    IPOs this week : Apr 12 - 16, 21 (wk 15)

    IPOs expected to price
    •  Alkami Technology (ALKT), 

    • AppLovin (APP), 

      TuSimple (TSP) and 

    • Karat Packaging (KRT

     IPO quiet period expirations
    • Duckhorn Portfolio (NYSE:NAPA), 
    • Olo (NYSE:OLO), 
    • Sun Country Airlines (NASDAQ:SNCY), 
    • Tuya (NYSE:TUYA), 
    • Vine Energy (NYSE:VEI), 
    • Connect BioPharm (NASDAQ:CNTB) and 
    • Finch Therapeutics (NASDAQ:FNCH) next week. 
    Sun Country may be the most interesting of the bunch to watch. The airline stock trades more than 50% over its IPO pricing level, but industry booking trends have started to heat up.

    Coinbase preview: Coinbase (COINB) is expected to start trading on April 14. Ahead of the direct listing, the company reported Q1 revenue of about $1.8B vs. $191M a year ago. Coinbase also said it has 56M verified users. Trading on the private market has valued Coinbase at about $68B or $100B after factoring in a fully-diluted share count. D.A. Davidson is already on the books with a price target on Coinbase of $440.

    Thursday, April 8, 2021

    DigitalOcean (DOCN) began trading on the NYSE on Wed 24 March 2021

    DigitalOcean provides self-service cloud SaaS computing infrastructure for small and mid-sized businesses.
    • DigitalOcean (DOCN) priced 16.5 mln share IPO at $47.00 per share, at the high end of the expected range of $44-47
    • On March 24, DOCN opened at $41.50 in its trading debut, down 12% from its initial public offering price of $47.00.


    CEO Yancey Spruill, joined by John Tuttle, NYSE Vice Chairman and Chief Commercial Officer, rings The Opening Bell®.

    DigitalOcean challenges much bigger companies, including Amazon and Microsoft, in the market to provide computing and storage resources that companies can consume to run their software, instead of operating their own data center infrastructure. DigitalOcean has built up a business by keeping its products easy to use. Most of its revenue come from the use of droplets, which are virtual slices of physical servers.

    Monday, April 5, 2021

    IPOs this week : Apr 5 - 9, 2021 (wk 14)

    IPOs expected to price
    • Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) . The Israel-based medtech company is selling 2.8M shares. 

    IPO quiet period expirations
    • Coupang (NYSE:CPNG) and First High-School Education (NYSE:FHS) on April 5, as well as
    • Joann (JOAN), Hayward (NYSE:HAYW), Prometheus Bio (NASDAQ:RXDX) and Longboard Pharma (NASDAQ:LBPH) on April 6. 

    IPO lockup expirations
    • Presidio Property (NASDAQ:SQFT) on April 5, 
    • Aziyo Bioogics (NASDAQ:AZYO) on April 6 and 
    • Kronos Bio (NASDAQ:KRON) on April 7. 
    Across the Pacific, (NASDAQ:TRIP) could launch a secondary listing in Hong Kong that reportedly could be valued at more than $1B.

    Thursday, April 1, 2021

    Hims & Hers Health (HIMS) began trading on the NYSE on Tue 19 Jan 21

    Hims & Hers Health, Inc. operates a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals. 
    • Sector(s): Consumer Defensive
    • Industry: Household & Personal Products
    • Full Time Employees: 398
    • HQ: San Francisco, California
    The official IPO date was first planned for the end of 2020 
    The IPO was listed on the NYSE via a merger with Oaktree Capital Management (OAC)