IPOs this week : Oct 21 - 25, 19 (wk 43)

IPOs expected to price

• OneWater Marine (ONEW) is due to price its IPO on October 24, 
• while Progyny (PGNY), Phathom Pharmaceuticals (PHAT), Youdao (DAO), Cabaletta Bio (CABA ) and Aesthetic Medical International Holdings Group (AIH) are scheduled to price on October 25. 

IPO quiet period expirations

• Quiet periods expire for Peloton (NASDAQ:PTON) and Oportun Financial (NASDAQ:OPRT) on October 21. 

Peloton trades about 16% below its IPO pricing level, while Oportun Financial is slightly higher since debuting.

IPOs this week : Sept 23 - 27, 19 (wk 39)

IPOs expected to price
Peloton Interactive (PTON) is the headliner in the IPO market with a pricing expected next week. The company reported $915M in revenue for its last fiscal year and a loss of $196M on high R&D and marketing costs. Peloton plans to sell 40M shares to the public in a range of $26 and $29 a share. There are some early indications that the pricing could be below the targeted range.

Other IPOs expected to price in the week ahead include 

• Oportun Financial (OPRT) on September 25 and 
• Endeavor Group (EDR) on September 26. 

In Asia, the Budweiser Brewing Co. (BUDBC) IPO is set to price in Anheuser-Busch InBev's (NYSE:BUD) second crack at raising some funds to pay off debt.

IPO lockup expirations
IPO lockup expirations arrive on 

• Linx (NYSE:LINX), 
• Precision BioSciences (NASDAQ:DTIL) and 
• Puyi (NASDAQ:PUYI) on September 24.