IPOs this week : March 25 - 29, 2019

IPO pricings: Lyft (LYFT) is the elephant in the IPO room, set to price on March 28 and make its trading debut the next day. It has a marketed range of $62-$68/share for a valuation up to $23B. Lyft is getting out ahead of ride-sharing rival Uber, which is now expected to file next month for a behemoth listing of $120B.
Also pricing:

• Genfit SA (GNFT) on March 26. 
• Precision Biosciences (DTIL) and 8I Enterprises Aquisition Corp. (JFKKU) on March 27.

IPO lockup expirations:

• Arco Platform (NASDAQ:ARCE), Capital Bancorp (NASDAQ:CBNK), Entasis Therapeutics Holdings (NASDAQ:ETTX), SVMK (NASDAQ:SVMK), and Viomi Technology (NASDAQ:VIOT) on March 25. 
• Arvinas (NASDAQ:ARVN), Laix (NYSE:LAIX), RA Medical Systems (NYSE:RMED), Sutro Biopharma (NASDAQ:STRO) and Urovant Sciences (NASDAQ:UROV) on March 26. 
• CooTek Cayman (NYSE:CTK) and Gritstone Oncology (NASDAQ:GRTS) on March 27.

IPO quiet period expirations:

• Kaleido Biosciences (NASDAQ:KLDO), Anchiano Therapeutics (NASDAQ:ANCN) and Imac Holdings (NASDAQ:IMAC) on March 25. 
• Avedro (NASDAQ:AVDR) and TCR2 Therapeutics (NASDAQ:TCRR) on March 26. 
• Hoth Therapeutics (NASDAQ:HOTH) and Stealth Biotherapeutics (NASDAQ:MITO) on March 27.

Viomi Technology (VIOT) began trading on the Nasdaq on 25 September 2018

Smart-home products company.
Shares of China-based Viomi Technology Co. Ltd. (VIOT) shot up as much as 22% above the initial public offering price of $9 in its public debut, before pulling back sharply. After the initial run up to an intraday high of $10.95, the stock fell to a low of $8.97, or 0.3% below its IPO price, before bouncing slightly to be up 0.7% in afternoon trade.

• Headquarters: China
• Founded: 2014
• Offered 11.4 million shares priced at $9
• The company raised $102.6 million in the IPO, which valued the company at $811.8 million.

With China's smartphone maker Xiaomi Corp. (HKEX: 1810) as its main partner, Viomi provides home appliances enabled with Internet connectivity and powered with artificial intelligence. Viomi's products, including dishwashers and water purifiers, can be controlled through a mobile platform, while some devices, like refrigerators, recognize voice commands.

As of June 30, the company said its "IoT @ Home" product had a user base of more than 1.2 million, a level reached in four years since the company's inception. For the first half of 2018, its revenue soared 284 percent year-over-year to $157.2 million. Last year, revenue was $132 million, up 179 percent from 2016. Income for the year was $14 million.

Sales to Xiaomi, which recently began trading its stock publicly in Hong Kong, during the first six months this year reached $98.5 million, Viomi said in its prospectus.

The underwriters on Viomi's IPO were Morgan Stanley and China International Capital Corporation Ltd. (CICC).