IPOs this week : Sept. 28 - Oct. 2, 20 (wk 40)

IPOs expected to price

• The big debut of the week is Palantir Technologies (PLTR), which is expected to start trading in a direct listing on the NYSE on September 30. Bankers think the software/data analytics company could start off in the $10 range, which would give it a lush market cap of just under $22B. The Denver-based company lost $580M in 2019. 
• Academy Sports and Outdoors (ASO), 
• Asana (ASAN),  (direct listing?)
• Boqii Holding (BQ), 
• Chindata Group Holdings (CD),  (data centers?)
• Immunome (IMNM), 
• WiMi Hologram Cloud (NASDAQ:WIMI), 
• Mission Produce (AVO), 
• Pulmonx (LUNG) and 
• Yalla Group (YALA) 

IPO quiet period expirations

• PainReform (NASDAQ:PRFX) on September 29.

GoodRx (GDRX) began trading on the Nasdaq on Wed 23 Sept 20

GoodRx Holdings, Inc., through its subsidiaries, offers information and tools that enable consumers to compare prices and save on their prescription drug purchases in the United States.

• Sector(s): Healthcare
• Industry: Health Information Services
• Full Time Employees: 756
• HQ: Santa Monica, California
• https://www.goodrx.com

 

 

Co-founders Doug Hirsch and Trevor Bezdek

CNBC 9/23/20

Stitch Fix (SFIX) reported earnings Tue 22 Sept 20 (a/h)

 ** charts before earnings **

 

** charts after earnings ** 

Stitch Fix misses by $0.27, beats on revs

Reports Q4 (Jul) loss of $0.44 per share, $0.27 worse than the S&P Capital IQ Consensus of ($0.17); revenues rose 2.6% year/year to $443.4 mln vs the $415.52 mln S&P Capital IQ Consensus.

Reports active clients of 3.5 million, an increase of 9% year over year.

Net revenue per active client of $486, an increase of 2% year over year on an adjusted basis.

The San Francisco-based company reported a fourth-quarter loss of $44.5 million, or 44 cents a share, vs. a profit of $7.2 million, or 7 cents a share, in the year-ago period. Adjusted Ebitda, excluding stock-based compensation, was $11.8 million. Revenue rose to $443 million from $432 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 16 cents a share on revenue of $415.2 million.

Stitch Fix grew its active clients 9% year-over-year to 3.5 million, and CEO Katrina Lake said in a statement that she was proud of her team for “successfully navigating through the deepest impacts of COVID-19” and expressed optimism about the future of online shopping.

Stitch Fix shares have risen more than 19% so far this year, about on par with the Nasdaq Composite Index COMP, -2.73%, which is up about 20%.