Updated October 15, 2021
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®.
Cue Health, Inc., HLTH
- The San Diego, California-based healthcare company makes at-home testing kits for Covid-19, as well as tests for other diseases. Cue sold 12.5 million shares for $16 each.
Clearwater Analytics Holdings, Inc., CWAN
- The Boise, Idaho-based technology company offers reporting, performance measurement, compliance monitoring and risk analytics solutions for asset managers, insurance companies and large corporations. Clearwater sold 30 million shares at $18 each.
Amplitude, Inc., AMPL
- Note: Amplitude went public through a direct listing of 35.4 million shares, at a price of $50 per share. Based in San Francisco, California, the software company focuses on digital optimization software to help businesses adapt to a digital-first environment.
Warby Parker, WRBY
- Note: Warby Parker will go public through a direct listing. Based in New York, New York, the designer-quality prescription glasses company services customers online and in its 145 retail locations. Since its founding in 2010, it has also branched out into contact lenses, eye exams, and vision tests. Warby sold 77.7 million shares at $40.
Olaplex Holdings Inc., OLX
- The hair care and hair treatment beauty company offers its products through an omnichannel sales platform. Based in Santa Barbara, California, Olaplex sold 73.7 million shares at $21.
Exscientia plc., EXAI
- Based in Oxford, United Kingdom, this pharmaceutical company uses artificial intelligence to discover, design, and develop drugs for the treatment of illnesses, particularly Alzheimer’s, obsessive-compulsive disorder (OCD), tumors, and inflammatory diseases. Exscientia sold 13.9 million shares at $22 each.
TDCX Inc., TDCX
- This Chai Chee, Singapore based company provides customer experience solutions, digital marketing services, and content moderation services for technology and blue-chip companies. TDCX sold 19.4 million shares at a price of $18 each.
Life Time Group Holdings Inc., LTH
- With roughly 1.4 million members, the lifestyle company offers customers health, fitness, and wellness programs and content. Based in Chanhassen, Minnesota, Life Time sold 39 million shares at a price of $18 per share.
Theseus Pharmaceuticals Inc., THRX
- Based in Cambridge, Massachusetts, the biopharmaceutical company develops therapies for cancer patients, specifically to target resistance mutations in oncogenes, which cause cancer. Theseus sold 10 million shares at a price of $16 each.
IsoPlexis Corp., ISO
- The biotechnology company has created a platform that allows researchers to get a complete look at protein function at an individual cellular level. The company, based in Branford, Connecticut, sold 8.3 million shares at a price of $15 per share.
AvidXchange Holdings Inc., AVDX
- The accounts payable and automation software company provides payment solutions for middle market companies and their suppliers. Based in Charlotte, North Carolina, AvidXchange sold 26.4 million shares at 25 each.
Gitlab Inc., GTLB
- The development operations software company allows customers to contribute to a single source code to shorten the time of their software development cycles. Based in Wilmington, Delaware, Gitlab sold 10.4 million shares at $77 each.
IHS Holding Ltd., IHS
- The owner, developer, and operator of shared telecommunications infrastructure provides network capacity to mobile network operators who service 596 million customers, according to the company. IHS, based in London, England, sold 18 million shares at $21 each.
Paragon 28 Inc., FNA
- The medical device company focuses on the foot and ankle orthopedics market. Based in Englewood, Colorado, the company hopes to sell 7.8 million shares at a range between $15 and $17.
Enfusion Inc., ENFN
- The company provides software-as-a-service solutions to investment managers and companies in the investment management industry. Based in Chicago, Illinois, Enfusion hopes to sell 18.8 million shares at a price range between $15 and $17 each.
Portillo Inc., PTLO
- Based in Oak Brook, Illinois, the multichannel restaurant company serves Chicago-style street food in 67 restaurants across nine states, including drive thru and fast casual venues. Portillo, whose restaurants serve dishes including Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, and crinkle-cut French fries, hopes to sell 20.3 million shares at a price ranging from $17 to $20 each.
The Vita Coco Company, COCO
- The maker of packaged coconut water and other plant-based drinks has recently branched out into sustainably packaged and protein-enhanced waters. Based in New York, New York, the company hopes to sell 11.5 million shares at a range between $18 and $21 each.
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®.