Check out Stash’s initial public offering (IPO) calendar, which includes public offerings from the past month, as well as offerings expected in the next 15 days. We’ve included companies with a market cap of $500 million or more. These might be available on Stash’s platform once they trade on the stock market.* We’ll update this information with upcoming offerings each month, using the same criteria. 

*Stash is not endorsing any of the IPOs mentioned below. Stash does not offer the ability to participate in IPOs and encourages you to research any company yourself prior to investing. This calendar is for informational purposes only and is not a recommendation of any security. Stash is under no obligation to offer any investment listed on its platform. Following an IPO, the price of the newly issued stock can move significantly, so it’s especially important to remember the Stash Way®.

Updated June 9, 2021

May 26

Ziprecruiter, Inc. ZIP

  • The online job market platform aims to simplify job searches and placements by matching opportunities for job seekers with employers seeking candidates for positions. Founded in 2010, the Santa Monica, California-based company sold 86.6 million shares at $18 through a direct listing

Flywire Corp., FLYW

  • Flywire is an electronic payments enablement company that focuses on education, healthcare, travel, and business-to-business transactions, rather than e-commerce and consumer payments. Based in Boston, Massachusetts, Flywire sold 10.4 million shares at $24. 

Paymentus Holdings, Inc., PAY

  • Based in Redmond, Washington, Paymentus is a cloud-based bill payment company. Paymentus, which lets its more than 1,300 business clients bill their customers, sold 10 million shares at $21.

June 3

dLocal, Ltd., DLO

  • Based in Montevideo, Uruguay, dLocal handles online payments in emerging markets.  The company’s unified platform helps global merchants accept and make payments. The company sold 29.4 million shares at $25. 

Upcoming IPOs

June 9

Marqeta, Inc., MQ

  • The company offers a technology platform that lets companies issue debit and prepaid cards, as well as process payments for customers.  Based in Oakland, California, Marqeta works with companies including Affirm, Doordash, Instacart and Klarna to create customized cards and payment methods. The company sold 45.5 million shares at $27.

June 10

1STDIBS.COM, Inc., DIBS

  • Based in New York, New York, the online marketplace connects sellers and makers of vintage, antique, and contemporary furniture, home décor, jewelry, watches, art and fashion with buyers. The marketplace currently has approximately 4,200 seller accounts in 55 countries, with 3.5 million users. 1STDIBS plans to sell 5.8 million shares for between $18 and $21 a share. 

Lifestance Health Group, Inc., LFST

  • The company provides mental health services online and in person at health centers. Based in Scottsdale, Arizona, the company employs approximately 3,300 licensed mental health clinicians through subsidiaries and affiliated practices in 27 states as of March 31, 2021. Lifestance expects to sell 40 million shares at a price ranging from $15 and $17.

Monday.com, Ltd., MNDY

  • The cloud-based platform lets its customers create modular software applications and management tools with either no coding, or low-coding involvement. The categories of building blocks include items, columns, views, automations, integrations and widgets, according to company information. Based in Tel Aviv, Israel, the company hopes to sell 3.7 million shares at a price ranging from $125 to $140.

Zeta Global Holdings Corp., ZETA

  • The omnichannel data-driven and artificial intelligence cloud platform provides businesses with consumer intelligence and automated marketing insights. The platform delivers personalized marketing across channels including email, social media, web, chat, connected TV, and video. Based in New York, New York, Zeta plans to sell 22.7 million shares at a range between $10 and $12.

June 11

TaskUs, TASK

  • The New Braunfels, Texas company provides outsourcing services that handle urgent business customer needs such as compliance and online content moderation. The company  has approximately 100 customers in industries ranging  social media, e-commerce, financial technology, gaming, health technology, streaming media, food delivery and ride sharing. Its clients include Zoom, Netflix, Uber, Coinbase and Oscar. TaskUs expects to sell 13.2 million shares at a price range between $22 and $24.

Janux Therapeutics, JANX

  • Based in La Jolla, California, Janux Therapeutics is a pharmaceutical company developing therapeutics to treat cancer with something called a tumor-activated T cell engager. Janux plans to sell 9.5 million shares at a $15 to $17 price range.

Kanzhun Limited, BZ

  • The Beijing, China-based online recruitment platform connects employers with potential candidates. The company plans to sell 48 million American Depositary Shares (ADS) at a price ranging from $17 to $19. Note: The IPO is structured as a sale of ADS, representing 96 million Class A ordinary shares.

June 16

Convey Holding Parent, Inc., CNVY

  • The healthcare platform, and parent of Convey Health, uses technology that aims to  improve government-sponsored plans, such as Medicare Advantage. Based in Fort Lauderdale, Florida, Convey plans to sell 13.3 million shares for a range between $14 and $16. 

WalkMe Ltd., WKME

  • Tel Aviv, Israel-based software company WalkMe allows employees of businesses and customers to navigate websites, Software as a Service (SaaS) applications, and mobile apps in one place. WalkMe expects to sell 9.3 million shares between $29 and $32 per share. 

June 17

Angel Oak Mortgage, Ltd., AOMRThe real estate investment company invests in first lien, nonqualifed (non-QM) loans and other mortgage related assets. Based in Atlanta, Georgia, Angel Oak plans to issue 8.1 million shares between $20 and $21 per share.

Information about IPOs

Companies begin trading on a public stock exchange through a process called an initial public offering (IPO). 

A company might go public to raise money to expand the company, to build new locations, or hire more people. Going public can allow the company to raise a lot of money quickly. 

When a company decides to go public, it’ll work with an investment bank such as Goldman Sachs or J.P. Morgan in a process called underwriting. The bank will make sure all of the proper documents are prepared and find people who want to invest in the company through initial shares or IPO shares. Before the company goes public, it must file with the Securities and Exchange Commission (SEC), which is a federal agency in charge of regulating the company and keeping the company informed on those regulations and rules. Once the company goes public with SEC approval, it has to issue quarterly financial statements on the health of the company so that investors can stay informed. 

Although it’s a less common approach to going public, a company can also choose to take its stock public through a direct listing.The company is still required to file with the SEC, but  when a company lists shares directly, it doesn’t use a bank to go public. Instead, early investors in the company choose to sell their shares to the public. A direct listing allows the stock exchange to dictate the price of shares. By contrast, with a traditional IPO, the bank that underwrites the IPO will set an initial share price. 

Good to know: Companies usually have a lock-up period following an IPO. A  lockup period is when company insiders, such as employees granted stock options or executives who own shares, sign an agreement that prohibits them from selling shares for a specified period of time, often a period of six months. When lockup periods expire, insiders or other early investors may want to sell their stock in order to make a profit from their shares. When these insiders start to sell their shares, sometimes that can cause a company’s stock price to fall. Companies that go public through a direct listing typically do not have lock up periods.

Following an IPO, stock exchanges such as the New York Stock Exchange (NYSE) or the Nasdaq will list the stock so that investors can purchase shares of the newly listed stock. If you’re an investor, it’s important to know when companies are going public and the price at which they’re expected to trade if you’re interested in investing in those new companies. 

Following an IPO, the price of the newly issued stock can move significantly, so it’s especially important to remember the Stash Way®.

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