IPOs this week : June 1 - 5, 20 (wk 23)

IPOs expected to price

• Warner Music Group (WMG) set to price its offering on June 2. The former Warner Bros. property set a range of $23 to $26 for 70M Class A shares, with an implied valuation of $13.3B at the top end. Warner's stable of musicians includes Ed Sheeran and Bruno Mars. 
• Pliant Therapeutics (PLRX) coming to the market with 6M shares in an expected range of $14 to $16. 

IPO quiet period expirations

• GAN (NASDAQ:GAN) on June 1
• Ayala Pharma (NASDAQ:AYLA) on June 2

IPO lockup expirations

• LMP Automotive (NASDAQ:LMPX) on June 2.

LMP Automotive (LMPX) : 2-month performance

• 3 days later:

LMP Automotive (LMPX) began trading on the Nasdaq on Thur 5 Dec 2019

LMP is an e-commerce platform for buying, selling and financing late model pre-owned automobiles. Through the Company’s platform, consumers can research and identify a vehicle, obtain financing and warranty coverage, purchase a vehicle and schedule delivery or pick-up all from their desktop or mobile devices.

• Share Price $5.00
• Employees 11 (as of 05/18/2019)
• Shares Offered 2300000
• Offer amount $11,500,000
• Shares Outstanding 8,301,639
• Lockup Period (days) 180
• Lockup Expiration 06/02/2020
• Quiet Period Expiration 01/14/2020
• Website www.lmpmotors.com

Samer Tawfik - CEO, Founder & Executive Director