In another quiet week for IPOs, South Korean web-based social casino game maker DoubleDown Interactive opened on Tuesday at $18. Only 10 companies went public last month using a traditional IPO, including Weber (WEBR) and Adagio Therapeutics (ADGI). Meanwhile, Syndicate Cue Health, Allvue Systems and Allbirds have filed to go public.
LATEST IPOS AND DIRECT LISTINGS:
DoubleDown (DDI) opened on August 31 at $18. The company had priced 6.3M shares at $18.00. The deal range was $18.00-$20.00. B. Riley acted as lead book running manager for the offering. DoubleDown is a web-based social casino game maker
PERFORMANCE:
RECENT IPOS TO WATCH:
Southern States (SSBK), Dermata Therapeutics (DRMA), and DatChat (DATS) are among stocks that could see new coverage roll out this upcoming week as the quiet periods for banks that underwrote the companies' IPOs expire.
UPCOMING IPOS:
Upcoming IPO and direct listings expected include Rivian, Chobani, Qiniu (QNIU), Camposol (CMSL), Spark Education (SPRK), Sweetgreen, Warby Parker, Perspectum Group (SCAN), Braze, Authentic Brands (AUTH), Portillo's, Fabletics, Argo Blockchain (ARBK), Procept BioRobotics (PRCT), Sportradar (SRAD), Warby Parker (WRBY), On Holding (ONON), Toast (TOST), Cue Health (HLTH), Allvue Systems (ALVU) and Allbirds (BIRD).
Cue Health, a health technology company, announced that it has filed a registration statement on Form S-1 with the SEC relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Cue intends to list its common stock on the Nasdaq Global Market under the ticker symbol "HLTH."
Allbirds has filed with the SEC for an initial public offering of shares of Class A common stock and announced in its filing that it has applied to list its Class A common stock on The Nasdaq Stock Market under the symbol "BIRD." In the IPO prospectus, Allbirds identifies itself as "a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, while treading lighter on our planet."
Allvue Systems Holdings has filed with the SEC for an initial public offering of shares of Class A common stock. Allvue Systems Holdings has applied to list its Class A common stock on the New York Stock Exchange under the symbol "ALVU." In the filing, Allvue stated that, "Allvue sets a new standard in technology for investment managers in the private capital and credit markets by pairing modern cloud-based software solutions with capabilities across multiple asset classes."
Rivian, the EV maker backed by Amazon (AMZN) and Ford (F), announced that it has confidentially submitted a draft registration statement on Form S-1 to the SEC relating to the proposed public offering of its common stock. The size and price range for the proposed offering have yet to be determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.
Chobani makes yogurt, oatmilk, dairy- and plant-based creamers and probiotic beverages, and ready-to-drink coffee.
Qiniu is a Chinese media and data cloud service platform that counts e-commerce giant Alibaba's (BABA) Taobao China as its biggest institutionla shareholder with a 17.7% stake.
Camposol Holding, a global provider of fresh and healthy foods, has filed with the SEC regarding a planned initial public offering.
Spark Education is a Beijing-headquartered firm providing online education for K-12 students.
Sweetgreen is a salad and grain bowl restaurant chain.
Warby Parker is an eyeglass retailer, best known for selling lower-priced, fashion-forward prescription glasses that has filed a registration statement with the SEC for a direct listing on the New York Stock Exchange under symbol "WBRY."
Perspectum Group is a commercial-stage precision health company focused on "democratizing" care globally through the use of digital technologies. The company said its software products "combine expertise in image formation, magnetic resonance image analysis and artificial intelligence to support healthcare provider diagnosis, treatment decision-making and monitoring of the progression of chronic metabolic diseases, multi-organ pathologies and cancer, and determine whether the patient is responding to therapy."
Braze is a customer engagement platform that delivers messaging experiences across push, email, in-product, and more.
Authentic Brands Group is the parent of apparel chains Aeropostale and Forever 21, department store operator J. C. Penney, and Sports Illustrated magazine among other holdings.
Portillo's Hot Dogs is a fast-casual restaurant chain held by private-equity firm Berkshire Partners.
Fabletics is a workout-apparel brand backed by Kate Hudson.
Argo Blockchain is a crypton miner company.
Procept BioRobotics described itself in its IPO prospectus as a commercial-stage surgical robotics company "focused on advancing patient care by developing transformative solutions in urology."
Sportradar provides products and services to the sports betting industry.
On Holding announced that it has publicly filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its class A ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. On has applied to list its common stock on the New York Stock Exchange under the symbol "ONON."
Restaurant-software provider Toast filed with the Securities and Exchange Commission for an initial public offering on the New York Stock Exchange under symbol "TOST." Toast described itself as a "cloud-based, end-to-end technology platform purpose-built for the entire restaurant community."
"Opening Day" is The Fly's recurring series of stories on the latest initial public offerings, their performance, analyst commentary and upcoming IPOs.
Weber
+0.145 (+0.87%)
Adagio Therapeutics
+6.49 (+18.23%)
DoubleDown
-0.93 (-5.46%)
Southern States
+0.32 (+1.65%)
Dermata Therapeutics
+0.01 (+0.19%)
DatChat
-0.33 (-4.10%)
Qiniu
+
Camposol
+
Spark Education
+
Perspectum Group
+
Authentic Brands Group
+ (+0.00%)
Argo Blockchain
+
Procept BioRobotics
+
Sportradar
+
Warby Parker
+
On Holding
+
Toast
+
Cue Health
+
Allvue
+
Allbirds
+
Amazon.com
+16.79 (+0.48%)
Ford
-0.135 (-1.04%)