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.

Puyi (PUYI) began trading on the Nasdaq on Thur 28 March 2019

Puyi Inc. provides third-party wealth management services in China. It focuses on mass affluent and emerging middle class population. The company offers wealth management services, corporate finance services, and asset management services. 

• Sector: Financial Services
• Industry: Asset Management
• Full Time Employees: 277
• Founded in 2010 
• Headquartered in Guangzhou, China
• http://www.puyiwm.com

Priced 4.29 mln ADS IPO (low-end of 4.0-6.67 mln share range) at $6.00, in-line with price expectations