IPOs this week : Sept 13 - 17, 21 (wk 37)

IPOs expected to price

• Sportradar Group (SRAD), 
• Dutch Bros (BROS), 
• Definitive Healthcare Corp. (DH), 
• Thoughtworks Holding (TWKS), 
• On Holding (ONON), 
• PROCEPT BioRobotics Corp. (PRCT) and 
• ForgeRock (FORG) 

Software consultancy firm Thoughtworks Holding could trade with the highest market cap of the group, with the Siemens-backed company aiming for a valuation of over $6B. in U.S. 

IPO lockup expirations

• Olo (NYSE:OLO), 
• Jowell Global (NASDAQ:JWEL), 
• Alzamend Neuro (NASDAQ:ALZN), 
• Sun Country Airlines (NASDAQ:SNCY), 
• Tuya (NYSE:TUYA), 
• Vine Energy (NYSE:VEI), 
• Duckhorn Portfolio (NYSE:NAPA), 
• Molecular Partners (NASDAQ:MOLN), 
• Gain Therapeutics (NASDAQ:GANX), 
• Instil Bio (NASDAQ:TIL), 
• Connect Biopharma (NASDAQ:CNTB), 
• Finch Therapeutics Group (NASDAQ:FNCH) and 
• AFC Gamma (NASDAQ:AFCG).

IPOs this week : Sept 6 - 10, 2021 (wk 36)

 IPO lockup expirations

• First High-School Education Group (NYSE:FHS) on September 7, 
• Hayward (NYSE:HAYW), Olo Inc (NYSE:OLO), Prometheus Biosciences (NASDAQ:RXDX), JOANN (NASDAQ:JOAN), Longboard Pharmaceuticals (NASDAQ:LBPH), Meatech 3D (NASDAQ:MITC) on September 8. 

Of the group, Olo has posted the biggest gain from its IPO pricing level. 

IPO quiet period expirations

• Eliem Therapeutics (NASDAQ:ELYM), 
• Southern States Bancshares (NASDAQ:SSBK), 
• Dermata Therapeutics (NASDAQ:DRMA) and 
• PetVivo (NASDAQ:PETV).

IPOs this week : Apr 12 - 16, 21 (wk 15)

IPOs expected to price

•  Alkami Technology (ALKT), 

• AppLovin (APP), 

  TuSimple (TSP) and 

• Karat Packaging (KRT) 
  

 

 IPO quiet period expirations

• Duckhorn Portfolio (NYSE:NAPA), 
• Olo (NYSE:OLO), 
• Sun Country Airlines (NASDAQ:SNCY), 
• Tuya (NYSE:TUYA), 
• Vine Energy (NYSE:VEI), 
• Connect BioPharm (NASDAQ:CNTB) and 
• Finch Therapeutics (NASDAQ:FNCH) next week. 

Sun Country may be the most interesting of the bunch to watch. The airline stock trades more than 50% over its IPO pricing level, but industry booking trends have started to heat up.

Coinbase preview: Coinbase (COINB) is expected to start trading on April 14. Ahead of the direct listing, the company reported Q1 revenue of about $1.8B vs. $191M a year ago. Coinbase also said it has 56M verified users. Trading on the private market has valued Coinbase at about $68B or $100B after factoring in a fully-diluted share count. D.A. Davidson is already on the books with a price target on Coinbase of $440.

Olo files to go public with $100M offering

Software company Olo filed for an initial public offering on Friday with plans to raise $100 million, according to an S-1 filing.

• As of Q4 2020, Olo processes 1.8 million orders per day and works with 64,000 restaurant locations and 400 brands, according to the filing. During the past year, the company posted a 94% increase in revenue to $98.4 million. The company said its gross merchandise value for 2020 was $14.6 billion.

• In response to the pandemic, 70% of Olo's customers said in a survey they provided more off-premise delivery and pickup options. Olo adapted its offerings to include enhancements for curbside pickup and notifications upon customer arrival, according to a press release.