IPOs this week : March 30 - April 3, 20 (wk 14)

IPOs expected to price

• WiMi Hologram Cloud (WIMI) is expected to price its IPO on March 30.

IPO lockup expirations

• IPO lockup periods expire on Viela Bio (NASDAQ:VIE), Aprea Therapeutics (NASDAQ:APRE), Frequency Therapeutics (NASDAQ:FREQ) and MetroCity Bankshares (NASDAQ:MCBS) on March 31.

IPO quiet period expirations

• GFL Environmental (NYSE:GFL) on March 30. 

Across the Pacific, the IPO lockup period expires on Budweiser Brewing Company (BUDBC) in Hong Kong. Shares of BUDBC are down 22% since the beer company was set free from Anheuser-Busch InBev (NYSE:BUD).

IPOs this week : Oct 28 - Nov 1, 19 (wk 44)

IPO quiet period expirations
Analyst quiet periods expire on Villa Bio (NASDAQ:VIE), Aprea Therapeutics (NASDAQ:APRE), Frequency Therapeutics (NASDAQ:FREQ) and Metrocity Bankshares (NASDAQ:MCBS) on October 28.

IPO lockup expirations
IPO lockups arrive on the calendar for Wah Fu Education Group (NASDAQ:WAFU) on October 28; Beyond Meat (BYND), So-Young International (NASDAQ:SY) and TransMedics Group (NASDAQ:TMDX) on October 28;
Sciplay (NASDAQ:SCPL), Yunji (NASDAQ:YJ) and Red River Bancshares (NASDAQ:RRBI) on October 30.

Beyond Meat:
The company has a big week ahead with earnings due out on October 28 and the IPO share lockup expiring on October 29. While shares of Beyond Meat have fallen quickly from the +$200 neighborhood, analysts are warning that some insiders may still want to cash out with the stock still trading 4X the IPO pricing level. The recent selling pressure on Beyond Meat is also likely related to some alternative protein developments, including word that Impossible Foods (IMPSBL) is considering expanding into Europe and a pizza collaboration between Kellogg (NYSE:K) and Pizza Hut (YUM).

IPOs this week : Sept 30 - Oct 4, 19 (wk 40)

IPOs expected to price
Five U.S. IPOs are expected to price on October 1, all on the smaller side ($40M to $245M). The companies set to debut are

• ADC Therapeutics (ADCT) -- Swiss biotech that plans to raise $200 million at a $1.8 billion valuation. The company is developing antibody drug conjugates, and its pipeline consists of seven candidates targeting hematological malignancies and solid tumors. Its two lead candidates are in pivotal Phase 2 trials, one of which is in collaboration with Genmab (NASDAQ:GMAB).
• Viela Bio (VIE), which is developing antibodies licensed from AstraZeneca, plans to raise $150 million at a $1.0 billion valuation. The company's lead candidate, inebilizumab, is a humanized monoclonal antibody designed to target CD19 for neuromyelitis optica spectrum disorder, a rare condition that attacks the nervous system. It could potentially be approved in the 1H20.
• Frequency Therapeutics (FREQ), a generative disease biotech that plans to raise $101 million to command a $526 million market cap. Its lead candidate, FX-322, is being developed to treat sensorineural hearing loss, the permanent loss of sensory hair cells in the cochlea within the ear.
• Aprea Therapeutics (APRE) and Monopar Therapeutics (MNPR) are both Phase 3 biotechs developing therapies for cancer;
• Metrocity Bankshares (OTCQX:MCBS) is a Georgia bank focused on serving Asian-American communities in the Eastern US and Texas.

Meanwhile, Budweiser Brewing Company APAC (BUDBC) is due to begin trading in Hong Kong on September 30 under stock code 1876.
Also in Hong Kong, Topsports International will begin trading on October 2 in an IPO aimed at raising up to $1.2B. Topsorts is the sportswear business of Chinese footwear retailer Belle International (OTCPK:BELLF).

IPO lockup expirations
IPO lockup expirations arrive for

• Ruhnn (NASDAQ:RUHN) and Powerbridge Technologies (NASDAQ:PBTS) on September 30, as well as for 
• Tradeweb (NASDAQ:TW), Silk Road Medical (NASDAQ:SILK) and NGM Biopharmaceuticals (NASDAQ:NGM) on October 1.