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 9 - 13, 19 (wk 37)

IPOs expected to price
The IPO market returns from a crushingly slow period of inactivity with pricings set for

• SmileDirectClub (SDC), 10X Genomics (TXG) and Alerus Financial (OTCQX:ALRS) on September 11 and 
• CloudFlare (NET), SpringWorks Therapeutics (SWTX) and Satsuma Pharmaceuticals (STSA) on September 12. 

IPO quiet period & lockup expirations
There is a quiet period expiration on CrossFirst Bankshares (NASDAQ:CFB) on September 9 and IPO lockup expiration on Canadian firm Project One Resources on the same day.

WeWork's (WE) IPO roadshow is anticipated to roll into New York and San Francisco to gauge investor interest. So far, WeWork's IPO is having trouble attracting interest from large institutional investors as some reports suggest the shared workspace company is only being valued at ~$25B versus the $47B for the last private funding round. SoftBank (OTCPK:SFTBF) has a 29% stake in WeWork parent We Co.

IPOs this week : Aug 12 - 16, 19 (wk 33)

IPOs expected to price during the week include:

• BioVie (OTCQB:BIVI) on August 12 and 
• CrossFirst Bankshares (CFB) on August 14:  Kansas corporation and registered bank holding company with total assets of $4.5 bln [Planning to offer 7.11 mln shares between $15.00-17.00]

9F (NYSE: JFU): Leading digital financial account platform integrating and personalizing financial services in China [Planning to offer 8.9 mln ADS between $7.50-9.50]

WiMi Hologram Cloud (Nasdaq: WIMI): Provider of augmented reality-based holographic services and products [Planning to offer 4 mln shares between $7.50-9.50]

IPO quiet period expirations

• Phreesia (NYSE:PHR), DouYu (NASDAQ:DOYU), Owl Rock Capital (NYSE:ORCC), Mirum Pharmaceuticals (NASDAQ:MIRM), Fulcrum Therapeutics (NASDAQ:FULC), Genmab (NASDAQ:GMAB), Assetmark Financial (NYSE:AMK) and First Seacoast Bancorp (FSEA) on August 12
• Medallia (NYSE:MDLA), Afya (NASDAQ:AFYA) and Intercorp Financial (IFS) on August 13. 

IPO lockup expirations

• There are also IPO expirations for TCR2 Therapeutics (NASDAQ:TCRR), Intercorp Financial (IFS) and Avedro (NASDAQ:AVDR) on August 13.

IPOs this week : July 15 - 19, 19

A busy week is set up for the IPO market with

• DouYu International (DOYU) pricing on July 17 and 

• Genmab (OTCPK:GMXAY), Assetmark Financial (AMK) Phreesia (PHR), Fulcrum Therapeutics (FULC) and Mirum Pharmaceuticals (MIRM) on July 18. 

• Medallia (MDLA) and Afya (AFYA) are also due to price on July 19. 

Quiet period expirations arrive on

• Stoke Therapeutics (NASDAQ:STOK), Grocery Outlet (NASDAQ:GO), Personalis (NASDAQ:PSNL), Akero Therapeutics (NASDAQ:AKRO), Atreca (NASDAQ:BCEL) and Prevail Therapeutics (NASDAQ:PRVL) on July 15. 

Expect to hear some discussion about Anheuser-Busch InBev (NYSE:BUD) on the likelihood of the beer giant refiling the Budweiser Brewing Company (BUDBC) IPO if market conditions in Hong Kong improve or if the company will move forward with its heavy debt load.

IPOs this week : July 8 - 12, 19

IPO share lockups arrive on

• Mmtec (NASDAQ:MTC) and MDJM (NASDAQ:MDJH) on July 8. 

Analyst quiet period expirations on

• Crowdstrike (NASDAQ:CRWD) and Fiverr (NYSE:FVRR) are also scheduled for July 8, 
• while analysts involved in the IPO can start buzzing on Chewy (NYSE:CHWY) on July 9. 

CRWD, FVRR and CHWY all trade below their highs, but are all at least 30% over where their IPOs were priced.

Also of note next week, Anheuser-Busch InBev's (NYSE:BUD) listing of Budweiser Asia is expected to price in New York on July 11 before debuting in Hong Kong the following week. Anheuser-Busch is selling 1.6B primary shares between HKD$40 and HKD$47 hoping to raise $9.8B from the listing. The beer giant plans to pay down debt and the new entity could be in a better position to partner with local brewers such as ThaiBev (OTCPK:TBVPF) following the split.

IPOs this week : June 17 - 21, 19

IPOs expected to price

• Stoke Therapeutics (STOK) is expected to price its IPO on June 18, 
• Akero Therapeutics (AKRO), Atreca (BCEL), Dermavant Sciences (DRMT), Grocery Outlet Holdings (GO), Personalis (PSNL) and Prevail Therapeutics (PRVL) are all slated to price on June 20.

IPO quiet period/lockup expirations 

Quiet periods end on

• Rattler Midstream (NASDAQ:RTLR), Ideaya Biosciences (NASDAQ:IDYA) and Bicycle Therapeutics (NASDAQ:BCYC) on June 17. 
• Meanwhile, share lockups expire on Amarant (NASDAQ:AMTB), LiveXLive Media (NASDAQ:LIVX) and Datasea (NASDAQ:DTSS) on June 17 - as well as Cardiol Therapeutics (OTCPK:CRTPF) on June 18. 
• Over in Tokyo, some shares of SoftBank Corp. (OTCPK:SOBKY) are also due to be freed up on June 17.

Spotlight on Slack:
Slack Technologies (WORK) expects to be valued by investors at $16B to $17B when the workspace chat/collaboration software company lists shares on June 20 in a direct listing. For the fiscal year ending in January, Slack expects to churn up revenue of $590M (+50% Y/Y) but estimates for the bottom line vary widely. Per public filings, Slack's shares have traded at prices ranging from $8.37 to $31.50 per share in the private market.

IPOs this week : June 10 - 14, 19

 IPO watch: 

Crowdstrike (CRWD), Fiverr International (FVRR) and Chewy (CHWY) are all expected to price this week amid what's been a hit or miss IPO market.

• Cybersecurity specialist Crowdstrike already boosted the top end of its pricing range by 30% amid strong demand. 
• Meanwhile, Gig-economy player Fiverr is hoping to follow in the path of competitor Upwork (NASDAQ:UPWK) with a huge first-day pop. 
• Online pet food seller Chewy is looking to raise over $100M with its offering at a proposed valuation of over $7B. Chewy's revenue grew 75% in FY18 to $3.5B and the company recorded a net loss of $267M. Owner PetSmart will still own 70% of the total Chewy shares outstanding and 77% of the voting power following the IPO. 

In Hong Kong, Anheuser-Busch InBev (NYSE:BUD) is looking for listing approval for Budweiser Brewing Company APAC.

IPO quiet period/lockup expirations:

• There are share price lockup expirations arriving on Tencent Music (NYSE:TME) on June 10 and both Legacy Housing (NASDAQ:LEGH) and 360 Finance (NASDAQ:QFIN) on June 11. 
• Quiet period expirations on tap include Applied Therapeutics (NASDAQ:APLT) and Postal Realty Trust (NYSE:PSTL) on June 10, as well as Avantor (NYSE:AVTR), Luckin Coffee (NASDAQ:LK) and Fastly (NYSE:FSLY) on June 11.

IPOs this week : June 3 - 7, 19 (wk 23)

Analyst quiet period expirations: 

• Trevi Therapeutics (NASDAQ:TRVI), 
• Parsons (NYSE:PSN), 
• HeadHunter (NASDAQ:HHR), 
• Axcella Health (NASDAQ:AXLA), 
• NextCure (NASDAQ:NXTC), 
• Mayville Engineering (NYSE:MEC), 
• Milestone Pharma (NASDAQ:MIST), 
• South Plains Financial (NASDAQ:SPFI) and 
• Cortexyme (NASDAQ:CRTX) on June 3; 
• Sonim Technologies (NASDAQ:SONM) and 
• Jiayin (NASDAQ:JFIN) on June 4.

IPO share lockup expirations:

• Mogu (NYSE:MOGU) on June 4; 
• Moderna (NASDAQ:MRNA), 
• Synthorx (NASDAQ:THOR) and DiaMedica (NASDAQ:DMAC) on June 5.

IPOs this week : May 27 - 31, 19

A relatively slow week is ahead for the IPO market with no deals expected to price, although Beyond Meat's (NASDAQ:BYND) analyst quiet period expiration on May 28 is going to put underwriters Credit Suisse, Goldman Sachs, JPMorgan, BAML, Jefferies and William Blair on the hook. Shares of Beyond Meat have more than tripled from their IPO pricing level to place BYND's valuation in the stratosphere.

Keep an eye on Tyson Foods (NYSE:TSN) and Nestle (OTCPK:NSRGY) as the Beyond Meat reports pile in. Both food companies plan are expected to make meat alternative announcements sometime this year, which could reset growth/valuation expectations.

TransMedics (NASDAQ:TMDX), Sciplay (NASDAQ:SCPL) So-Young (NASDAQ:SY) and Yunji (NASDAQ:YJ) also have analyst quiet period expirations on May 28.

IPOs this week : April 22 - 26, 19

Expected IPO pricings: No new pricings are on the calendar for next week after a sizzling week for new offerings. In case you missed it, Pinterest (NYSE:PINS) jumped 28% on its first day of trading, while Zoom Video Communications (NASDAQ:ZM) topped that performance with a 72% rip.

IPO lockup expirations:

• Yeti (NYSE:YETI), StoneCo (NASDAQ:STNE) and Pintec Technology (NASDAQ:PT) see lockups expire on April 23. Yeti is the one that might see some insider selling with shares up 119% YTD.

IPO quiet period expirations:

• Genfit (NASDAQ:GNFT) and Precision BioSciences (NASDAQ:DTIL) on April 22; 
• Lyft (NASDAQ:LYFT) on April 23.

IPOs this week : April 15 - 19, 19

Expected IPO pricings: 

• A big week is on tap for IPO pricings, led by Pinterest (PINS) which has set a pricing target of $15 to $17 to bring in around $1.2B and value the company at around $9B. Pinterest saw revenue jump 60% last year to $756M and is projected to see 45% growth this year to about $1.1B. 
• Other pricing during the week include Palomar (PLMR) and Brainsway (BWAY) on April 16 
• as well as Zoom Video Communications (ZM), Brigham Minerals (MNRL), Turning Point Therapeutics (TPTX) and Hookipa Pharmaceuticals (HOOK) on April 17.

IPO lockup expirations: 

• SI-Bone (NASDAQ:SIBN) on April 15; 
• Osmotica Pharmaceuticals (NASDAQ:OSMT), Studio City (NYSE:MSC) and PhaseBio Pharmaceuticals (NASDAQ:PHAS) on April 16; 
• LogicBio Therapeutics (NASDAQ:LOGC), Niu Technologies (NASDAQ:NIU) and SolarWinds (NYSE:SWI) on April 17.

IPO quiet period expirations: 
Analysts will start buzzing about Levi Strauss (NYSE:LEVI) on April 15. Levi's priced its IPO at $17, above the target range of $14 to $16. Shares closed at $22.22 on Friday. It doesn't appear that Levi's management is getting ahead itself after the company posted a solid Q4 and seeing the share price bounce. "We're still facing some headwinds, including anticipated door closures at traditional wholesale customers, unrest in Europe, as well as Brexit, continued uncertainty around China tariffs, and declines in U.S. retail traffic," stated CEO Chip Bergh on the earnings call.

IPOs this week : April 1 - 5, 19 (wk 14)

Expected IPO pricings:

• Ruhnn Holding (RUHN) on April 2; 
• Silk Road Medical (SILK), NGM Biopharmaceuticals (NGM) and Tradeweb Markets (TW) on April 3.

IPO lockup expirations:

• Upwork (NASDAQ:UPWK) and Guardant Health (NASDAQ:GH) on April 1; 
• Kodiak Sciences (NASDAQ:KOD) on April 2; 
• Elastic (NYSE:ESTC) on April 3.

IPO quiet period expirations:

• Shockwave Medical (NASDAQ:SWAV) on April 1 and 
• Futu (NASDAQ:FHL) on April 2.