IPOs this week : Oct 7 - 11, 19 (wk 41)

IPOs expected to price

• BioNTech (BNTX) is expected to price its IPO on October 9 in a bid to raise $300M, 
• while HBT Financial (HBT) and Vir Biotechnology (VIR) are due to hit the market on October 10. 

IPO lockup expirations
IPO share lockups arrive on

• Pagerduty (NYSE:PD) and Tufin Software (NYSE:TUFN) on October 8, as well as 
• Jumia (NYSE:JMIA) on October 9. 

IPO quiet period expirations
Analysts are due to start buzzing on SmileDirectClub (NASDAQ:SDC), 10X Genomics (NASDAQ:TXG), Cloudflare (NYSE:NET), Alerus Financial (NASDAQ:ALRS), SpringWorks Therapeutics (NASDAQ:SWTX) and Satsuma Pharma (NASDAQ:STSA) on October 7-8.

There could also be some news of the Saudi Aramco (ARMCO) IPO after the Kingdom fully restored oil production. The company aims to sell shares on the Saudi stock exchange later this year.

IPOs this week : May 6 - 10, 19 (wk 19)

IPOs expected to price

• Parsons (PSN) and Milestone Pharmaceuticals (MIST) on May 7; 
• HeadHunter (HHR), Applied Therapeutics (APLT), Cortexyme (CRTX), NextCure (NXTC), Mayville Engineering (MEC), South Plains Financial (SPFI), Axcella Health (AXLA) on May 8; 
• Postal Realty (PSTL) and Sonim Technologies (SONM) on May 8 along with Uber (UBER).

IPO lockup expirations

• CNFinance (NYSE:CNF) on May 6 and 
• Toughbuilt Industries (NASDAQ:TBLTU) on May 8.

IPO quiet period expirations

• Pagerduty (NYSE:PD) and Tufin Software (NYSE:TUFN) on May 6; 
• Jumia Technologies (NYSE:JMIA) on May 7.

Jumia (JMIA) began trading on the NYSE on Fri 12 April 2019

“The Amazon of Africa ” has 4 million active customers as of the fourth quarter of 2018, the company said in its S-1 filing. Jumia operates in 14 African countries, including Ghana, Kenya, Ivory Coast, Morocco and Egypt.  Some of Jumia’s biggest customers are Apple, HP and Huawei.

• Priced 13.5 mln ADS IPO at $14.50, the midpoint of the expected $13.00-16.00 range
• Opened for trading at $18.95 
• The largest e-commerce operator in Africa, Jumia Technologies, surged more than 75% on its first day of trading at the New York Stock Exchange on Friday.

Jumia co-CEO Sacha Poignonnec, left, applauds as Jumia Nigeria CEO Juliet Anammah, center, rings a ceremonial bell when the company’s stock begins trading, on the floor of the New York Stock Exchange, Friday, April 12, 2019.

The company was founded in 2012 as Africa Internet Group and is headquartered in Berlin, Germany. Shareholders include the Berlin-based incubator and venture-capital firm Rocket Internet SE, which helped the company with its founding and owns a 20.6% stake. South African company Mobile Telephone Networks Holdings Ltd. owns a 29.7% stake. Other early investors include French insurer Axa CS,  and French telecoms company Orange Sa.

 

IPOs this week : April 8 - 12, 19

Expected IPO pricings:

• Jumia Technologies (JMIA), 
• Tufin Software Technologies (TUFN) and 
• Pagerduty (PD) on April 10. 

IPO lockup expirations:

• Allogene Therapeutics (NASDAQ:ALLO) and Livent (NYSE:LTHM) on April 9; 
• Anaplan (NYSE:PLAN) and Equilium (NASDAQ:EQ) on April 10.