IPOs this week : November 16 - 20, 20 (wk 47)

 IPOs expected to price

• Aspire Real Estate Investors (ASPI)
• NeoGames (NGMS), 
• Telos (TLS), 
• Sotera Health (SHC) and 
• Maravai LifeSciences (MRVI) 

Maravi appears to be the largest of the bunch, with the biotech looking to raise $1.275B. There is also some speculation that e-retailer Wish and kids gaming company Roblox (RBLX) could file for an IPO next week to follow on DoorDash's (DASH) filing from Friday. 

IPO quiet period expirations

• Guild Holdings (NYSE:GHLD), McAfee (NASDAQ:MCFE) and Datto (NYSE:MSP) on November 16. 

IPO lockup expirations

• Chewy (NYSE:CHWY) and 89bio (NASDAQ:ETNB) on November 16, 
• Avantor (NYSE:AVTR), Futu Holdings (NASDAQ:FUTU) and SelectQuote (NYSE:SLQT) on November 17.

IPOs this week : Nov 9 - 13, 20 (wk 46)

IPOs expected to price

• Aspire Real Estate Investors (ASPI), NeoGames (NASDAQ:NGMS), Telos (NASDAQ:TLS), Sotera Health (NASDAQ:SHC) and Maravai LifeSciences (NASDAQ:MRVI) are all expected to price their IPOs next week. 

Maravi appears to be the largest of the bunch, with the biotech looking to raise $1.275B. 

There is also some speculation that e-retailer Wish and kids gaming company Roblox (RBLX) could file for an IPO this week to follow on DoorDash's (DASH) filing from Friday. 

IPO quiet period expirations

• Guild Holdings (NYSE:GHLD), McAfee (NASDAQ:MCFE) and Datto (NYSE:MSP) on November 16.   

IPO lockup expirations

• Chewy (NYSE:CHWY) and 89bio (NASDAQ:ETNB) on November 16, as well as 
• Avantor (NYSE:AVTR), Futu Holdings (NASDAQ:FUTU) and SelectQuote (NYSE:SLQT) on November 17.

IPOs this week : April 27 - May 1, 20 (wk 18)

IPO quiet period expirations

• WiMi Hologram Cloud (NASDAQ:WIMI) on April 27 and 
• Zentalis Pharma (NASDAQ:ZNTL) on April 28. IPO share 

IPO lockup expirations

• Oyster Point (NASDAQ:OYST) and RAPT Therapeutics (NASDAQ:RAPT) on April 28. 

Amid the lack of new IPOs, the Renaissance IPO ETF (NYSEARCA:IPO) is still chugging along and is down only 3% YTD compared to a 12% decline in the S&P 500. Top performers for the ETF include Moderna (NASDAQ:MRNA), Zoom Video (NASDAQ:ZM) and Chewy (NYSE:CHWY).

CHWY : 9-month performance

 

 

 

IPOs this week : Dec 9 - 13, 19 (wk 50)

 IPOs expected to price

• XP (XP) is expected to price its $2B IPO on December 10 and 
• Bill Holdings (BILL) is scheduled to price its IPO on December 11. 
• Both OneConnect Financial Technology (OCFT) and Sprout Social (SPT) will price their IPOs on December 12. 

IPO quiet period expirations
The analyst quiet period ends on YayYo (NASDAQ:YAYO) on December 9.

IPO lockup expirations

• PO share lockup periods expire on CrowdStrike (NASDAQ:CRWD) and Mohawk Group (NASDAQ:MWK) on December 9, 

• Fiverr (NYSE:FVRR) on December 10 and 

• Chewy (CHWY) on December 11. 

Keep an eye on CrowdStrike in particular, with shares up more than 50% from the level where the IPO was priced.

Chewy (CHWY) : 2-month performance

IPOs this week : July 22 - 26, 19

The week in IPOs kicks off with a pricing of

• Fellazo (FLLCU) on July 23, 

• followed by a busy Wednesday with pricing for Sunnova Energy (NOVA), Health Catalyst (HCAT), Livongo Health (LVGO), Casle Biosciences (CSTL) and Prosight Global (PROS). 

• Thursday pricings are due for the IPOs of Wanda Sports Group (WSG) and Vista Oil & Gas (VIST). 

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Quiet period expirations come for

• Crowdstrike (NASDAQ:CRWD) and Mohawk Group (NASDAQ:MWK) on July 22, 

• Fiverr (NYSE:FVRR) on July 23, and 

• Chewy (NYSE:CHWY) on July 24.

IPOs this week : July 8 - 12, 19

IPO share lockups arrive on

• Mmtec (NASDAQ:MTC) and MDJM (NASDAQ:MDJH) on July 8. 

Analyst quiet period expirations on

• Crowdstrike (NASDAQ:CRWD) and Fiverr (NYSE:FVRR) are also scheduled for July 8, 
• while analysts involved in the IPO can start buzzing on Chewy (NYSE:CHWY) on July 9. 

CRWD, FVRR and CHWY all trade below their highs, but are all at least 30% over where their IPOs were priced.

Also of note next week, Anheuser-Busch InBev's (NYSE:BUD) listing of Budweiser Asia is expected to price in New York on July 11 before debuting in Hong Kong the following week. Anheuser-Busch is selling 1.6B primary shares between HKD$40 and HKD$47 hoping to raise $9.8B from the listing. The beer giant plans to pay down debt and the new entity could be in a better position to partner with local brewers such as ThaiBev (OTCPK:TBVPF) following the split.

Chewy (CHWY) : 3-week performance

1-week performance

3-week performance

Chewy (CHWY) began trading on the NYSE on Fri 14 June 2019

• Chewy, the online pet products retailer controlled by PetSmart, offered 46.5 million shares for $22 per share, 40.9 million of those being sold by PetSmart.
• Chewy stock (CHWY) opened at $36 and rose above $41 before finishing the day up 59% to $34.99.
• PetSmart paid $3.35 billion to acquire the company in 2017, in what was then the biggest ecommerce acquisition ever. 
• Founded in 2010; HQ in Dania Beach, Florida.
• Sector: Consumer Cyclical
• Industry: Specialty Retail
• Full Time Employees: 9,833
• http://www.chewy.com

In 2017, Chewy was acquired by PetSmart for a reported $3.35 billion. The closely held company continues to be a majority shareholder in Chewy. Chewy reported that PetSmart would own about 70% of total shares outstanding of common stock and about 77% of voting power following the IPO.

The Chewy.com application is displayed on an Apple Inc. iPhone.

The Dania Beach, Florida-based company is betting on what it calls "pet humanization" trends for the future of its business. Around 90% of dog owners and 86% of cat owners consider their pets to be part of their family, according to 2018 data from the market research firm Packaged Facts.


It's also betting on the sustained growth in the number of household pets. The American Pet Products Association, an industry group, estimates almost 85 million US households had at least one pet, up from nearly 73 million in 2010.

The company faces stiff competition from Amazon, which also sells pet products. Chewy's chief executive officer and former chief operating officer, Sumit Singh, was a former Amazon executive.

IPOs this week : June 10 - 14, 19

 IPO watch: 

Crowdstrike (CRWD), Fiverr International (FVRR) and Chewy (CHWY) are all expected to price this week amid what's been a hit or miss IPO market.

• Cybersecurity specialist Crowdstrike already boosted the top end of its pricing range by 30% amid strong demand. 
• Meanwhile, Gig-economy player Fiverr is hoping to follow in the path of competitor Upwork (NASDAQ:UPWK) with a huge first-day pop. 
• Online pet food seller Chewy is looking to raise over $100M with its offering at a proposed valuation of over $7B. Chewy's revenue grew 75% in FY18 to $3.5B and the company recorded a net loss of $267M. Owner PetSmart will still own 70% of the total Chewy shares outstanding and 77% of the voting power following the IPO. 

In Hong Kong, Anheuser-Busch InBev (NYSE:BUD) is looking for listing approval for Budweiser Brewing Company APAC.

IPO quiet period/lockup expirations:

• There are share price lockup expirations arriving on Tencent Music (NYSE:TME) on June 10 and both Legacy Housing (NASDAQ:LEGH) and 360 Finance (NASDAQ:QFIN) on June 11. 
• Quiet period expirations on tap include Applied Therapeutics (NASDAQ:APLT) and Postal Realty Trust (NYSE:PSTL) on June 10, as well as Avantor (NYSE:AVTR), Luckin Coffee (NASDAQ:LK) and Fastly (NYSE:FSLY) on June 11.