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.

IPOs this week : June 8 - 12, 20 (wk 24)

IPOs expected to price

• Online car seller Vroom (VRM) is offering about 18.8M shares in an expected range of $17 to $19. The timing for the IPO is intriguing with the pandemic leading to more online shopping for cars, but sales and margins under pressure. How well the Vroom IPO is received by investors could be of interest to Carvana (NYSE:CVNA), Cars.com (NYSE:CARS), TrueCar (NASDAQ:TRUE), AutoNation (NYSE:AN) and even Tesla (NASDAQ:TSLA) as the concept of online car shopping heads more mainstream. Vroom is expected to have a market capitalization of around $1.92B if it prices at the higher end of the indicated range. 
• Across the Pacific, Chinese gaming company NetEase (NASDAQ:NTES) is looking to raise $1.2B in a Hong Kong listing to fund strategies for international expansion. Shares are expected to start trading on June 11. 

IPO quiet period expirations
The quiet period expires for ADC Therapeutics (NYSE:ADCT) on June 9 

IPO lockup expirations

• XP (NASDAQ:XP)
• Bill Holdings (NYSE:BILL)
• OneConnect Financial (NYSE:OCFT)
• Sprout Social (NASDAQ:SPT)

There are also secondary offering lockup expirations on Tilray (NASDAQ:TLRY) and BlackRock (NYSE:BLK) to keep an eye on.

IPOs this week : Jan 6 - 10, 20

No new U.S. pricings are expected during the first full week of the new year.

IPO quiet period expirations
The analyst quiet period expires on

• XP (NASDAQ:XP) on January 6 and 
• Sprout Social (NASDAQ:SPT), EHang (NASDAQ:EH) and OneConnect (NYSE:OCFT) on January 7. 

Across the Pacific, liquid crystal material producer Beijing Bayi Space LCD Technology will be listed on the Shanghai Stock Exchange's sci-tech innovation board and Chinese restaurant chain operator Jiumaojiu International will be listed in Hong Kong.

IPOs this week : Dec 9 - 13, 19 (wk 50)

 IPOs expected to price

• XP (XP) is expected to price its $2B IPO on December 10 and 
• Bill Holdings (BILL) is scheduled to price its IPO on December 11. 
• Both OneConnect Financial Technology (OCFT) and Sprout Social (SPT) will price their IPOs on December 12. 

IPO quiet period expirations
The analyst quiet period ends on YayYo (NASDAQ:YAYO) on December 9.

IPO lockup expirations

• PO share lockup periods expire on CrowdStrike (NASDAQ:CRWD) and Mohawk Group (NASDAQ:MWK) on December 9, 

• Fiverr (NYSE:FVRR) on December 10 and 

• Chewy (CHWY) on December 11. 

Keep an eye on CrowdStrike in particular, with shares up more than 50% from the level where the IPO was priced.

Sprout Social (SPT) sets IPO terms, could raise up to $159 million

Sprout Social (SPT) set terms for its initial public offering, in which the provider of social media services for businesses could raise up to $158.8 million. The Chicago-based company is offering 8.82 million Class A shares in the IPO, which is expected to price between $16 and $18 a share. If the underwriters exercise all of the options to buy additional shares, the company could raise up to $182.65 million. Goldman Sachs and Morgan Stanley are the lead underwriters. There will be 38.1 million Class A shares outstanding after the IPO and 9.8 million Class B shares, with Class A shares entitling holders one vote per share and Class B shares entitling holders 10 votes per share. The company recorded a net loss of $20.9 million on revenue of $78.8 million in 2018, after a loss of $21.9 million on revenue of $44.8 million in 2017.


https://sproutsocial.com/