IPOs this week : Dec 16 - 20, 19 (wk 51)

No new U.S. pricings are expected in the week ahead.

IPO lockup expirations

• Stoke Therapeutics (NASDAQ:STOK) on December 16; 
• Grocery Outlet (NASDAQ:GO), Personalis (NASDAQ:PSNL), Prevail Therapeutics (NASDAQ:PRVL), Atreca (NASDAQ:BCEL) and Akero Therapeutics (NASDAQ:AKRO) on December 17; 
• Artelo Biosciences (NASDAQ:ARTL) on December 18 and 
• Amerant (NASDAQ:AMTB) on December 19. 

Of the bunch, Grocery Outlet might be the one to watch with shares up over 30% since the IPO.

IPO quiet period expirations
There is also an analyst quiet period expiration for SiTime (NASDAQ:SITM) on December 16 to keep tabs on.

Grocery Outlet (GO) reported earnings on Tue 13 Aug 2019 (a/h)

Grocery Outlet Earnings

Estimates: Analysts forecast Grocery Outlet earnings of 13 cents a share on revenue of $627 million, according to Zacks Investment Research. The deep-discount retailer's earnings report is the first since its June stock market debut.

Results: EPS of 20 cents on revenue of $645.3 million, as same-store sales increased 5.8%.

Outlook: Management sees full-year EPS of 68-71 cents, well above consensus for 59 cents, on revenue of $2.50 billion-$2.53 billion, in line with consensus for $2.51 billion. Same-store sales are seen growing 3%-4%.

"Our comparable store sales growth was broad-based across product categories, regions, and store vintages," said CEO Eric Lindberg. "We attribute the consistency of our performance to our unique business model that provides customers unbeatable value in a fun, treasure hunt experience along with great customer service through our local independent operators."

Grocery Outlet stock soared on its June 20 IPO, pricing at $22 a share and closing at 28.51. It quickly formed and cleared an initial IPO base with a 35.73 buy point, reaching 39.56 within two weeks.

IPOs this week : July 15 - 19, 19

A busy week is set up for the IPO market with

• DouYu International (DOYU) pricing on July 17 and 

• Genmab (OTCPK:GMXAY), Assetmark Financial (AMK) Phreesia (PHR), Fulcrum Therapeutics (FULC) and Mirum Pharmaceuticals (MIRM) on July 18. 

• Medallia (MDLA) and Afya (AFYA) are also due to price on July 19. 

Quiet period expirations arrive on

• Stoke Therapeutics (NASDAQ:STOK), Grocery Outlet (NASDAQ:GO), Personalis (NASDAQ:PSNL), Akero Therapeutics (NASDAQ:AKRO), Atreca (NASDAQ:BCEL) and Prevail Therapeutics (NASDAQ:PRVL) on July 15. 

Expect to hear some discussion about Anheuser-Busch InBev (NYSE:BUD) on the likelihood of the beer giant refiling the Budweiser Brewing Company (BUDBC) IPO if market conditions in Hong Kong improve or if the company will move forward with its heavy debt load.

Grocery Outlet (GO) began trading on the Nasdaq on Thur 20 June 2019

• Priced 17.2 mln share IPO at $22.00 per share, above the revised expected range of $18-19 per share
• Opened for trading at $31.

 

Grocery Outlet (GO) prices IPO at $22 a share

• As of December 29, 2018, it had 316 stores, which included 308 independent operated stores, as well as 8 company operated stores in 5 western states and in Pennsylvania. The company was founded in 1946 and is headquartered in Emeryville, California.
• http://www.groceryoutlet.com
• Sector: Consumer Defensive
• Industry: Grocery Stores
• Full Time Employees: 679

Grocery Outlet Holding Corp. announced late Wednesday it will price its initial public offering at $22 a share, well above the high end of its range. On Tuesday, the company hiked its expected range to $18 to $19 a share, from $15 to $17 a share. Grocery Outlet is offering 17,187,500 shares for sale, raising about $378 million. Shares of the California-based company, which has 323 stores across the West Coast and Pennsylvania, are expected to list on the Nasdaq under the ticker symbol "GO" starting Thursday.

IPOs this week : June 17 - 21, 19

IPOs expected to price

• Stoke Therapeutics (STOK) is expected to price its IPO on June 18, 
• Akero Therapeutics (AKRO), Atreca (BCEL), Dermavant Sciences (DRMT), Grocery Outlet Holdings (GO), Personalis (PSNL) and Prevail Therapeutics (PRVL) are all slated to price on June 20.

IPO quiet period/lockup expirations 

Quiet periods end on

• Rattler Midstream (NASDAQ:RTLR), Ideaya Biosciences (NASDAQ:IDYA) and Bicycle Therapeutics (NASDAQ:BCYC) on June 17. 
• Meanwhile, share lockups expire on Amarant (NASDAQ:AMTB), LiveXLive Media (NASDAQ:LIVX) and Datasea (NASDAQ:DTSS) on June 17 - as well as Cardiol Therapeutics (OTCPK:CRTPF) on June 18. 
• Over in Tokyo, some shares of SoftBank Corp. (OTCPK:SOBKY) are also due to be freed up on June 17.

Spotlight on Slack:
Slack Technologies (WORK) expects to be valued by investors at $16B to $17B when the workspace chat/collaboration software company lists shares on June 20 in a direct listing. For the fiscal year ending in January, Slack expects to churn up revenue of $590M (+50% Y/Y) but estimates for the bottom line vary widely. Per public filings, Slack's shares have traded at prices ranging from $8.37 to $31.50 per share in the private market.