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).

Leslie's (LESL) began trading on the Nasdaq on Thur 29 Oct 20

The company sells pool and spa care supplies and services in the United States.
The firm sells its products and services through 934 branded locations and an online presence.

• Sector(s): Consumer Cyclical
• Industry: Home Improvement Retail
• Full Time Employees: 5,000
• Founded in 1963
• Headquartered in Phoenix, Arizona.
• http://lesliespool.com

 

 

 Management says it has a dominant market share of 15% with a physical network that is 'larger than the sum of our twenty largest competitors.

Phoenix, Arizona-based Leslie's was founded in 1963 to create a network of retail locations providing pool and spa products and services.

Management is headed by Chief Executive Officer Michael Egeck, who has been with the firm since February 2020 and was previously CEO of PSEB Group, a company comprising the Eddie Bauer brand and PACSUN teen retailer.

Leslie's has received at least $278 million from investors including private equity firm L Catterton.

IPOs this week : Nov 23 - 27, 20 (wk 48)

IPOs expected to price

• Russian e-commerce giant Ozon (NASDAQ:OZON) is eyeing a $5B valuation as it looks to raise close to $1B in an IPO that could price this week. 

IPO lockup expirations

• ADC Therapeutics (NYSE:ADCT) on November 23 

IPO quiet period expirations

• Datto (NYSE:MSP), Biodesix (NASDAQ:BDSX), GATO Silver (NYSE:GATO), Galacto (NASDAQ:GLTO), Leslie's (NASDAQ:LESL), MediaAlpha (NYSE:MAX), Root (NASDAQ:ROOT), Atea Pharmaceuticals (NASDAQ:AVIR), Lufax (NYSE:LU) and SQZ Biotechnologies (NYSE:SQZ).

IPOs this week : October 26 - 30, 20 (wk 44)

 IPOs expected to price

• Amerihome (AHM) on October 28. The offering of 14.7M shares is expected to price in a range of $16 to $18. 
• Biodesix (BDSX) also slated to price its IPO on October 28, with 4.17M shares due to go off in an expected range of $17 to $19. 
• Allegro MicroSystems (ALGM), Caliber Home Loans (HOMS), Leslie's (LESL), Root (ROOT) and Mavenir (MVNR). 

IPO quiet period expirations

• Keep an eye on avocado pure-play Mission Produce (NASDAQ:AVO) with the analyst quiet period expiring following the company's IPO. Shares have shown a modest gain from the IPO pricing level of $12. 

IPO lockup expirations

• IPO lockups expire on Sprout Social (NASDAQ:SPT), Lyra Therapeutics (NASDAQ:LYRA) and Zentalis Pharmaceuticals (NASDAQ:ZNTL). 

Ant Group has secured the final regulatory approval to launch what is shaping up to be the world's largest initial public offering. The Mainland China leg of the IPO will be priced on October 27. Ant has been running a digital IPO roadshow across Asia, Europe and the U.S. to gauge investor interest.