In 2020, the financial market has seen the highest IPO capital raising activity in a decade, with USD 331 billion raised across 1,591 listings – a 42% increase compared to 2019.
Some of the notable IPOs in 2020:
Airbnb Inc (NASDAQ: ABNB)
DoorDash Inc (NYSE: DASH)
Snowflake Inc (NYSE: SNOW)
Unity Software Inc (NYSE: U)
In 2021 there is a solid pipeline of companies preparing for capital raises through IPOs. Here are the 5 IPOs you need to watch for this week.
1. AFFIRM HOLDINGS
San Francisco-based Affirm Holdings to go public with a valuation of $ 9 billion which will trade on the Nasdaq under the acronym "AFRM," at $ 33-38. Affirm Holdings allows consumers to purchase goods and make payments in instalments and it provides services to more than 6.2 million clients.
2. DRIVEN BRANDS
The North Carolina-based company Driven Brands, which will be listed on the NASDAQ exchange using the symbol “DRVN.” is offering 38,000 shares of its common stock, which is expected to go for $17 to $20 per share and could raise of $700 million. Worldwide, Driven Brands operates 4,100 locations in 15 countries. The company reports $900 million in revenue on $3 billion worth of sales from all its holdings.
3. PLAYTIKA HOLDING
Playtika is a leading developer of mobile games plans to raise $1.6 billion by offering 69.5 million shares at a price range of $22 to $24. The Israel-based company plans to list on the Nasdaq under the symbol PLTK. Playtika posted an all-time high of 11.8 million average daily players of its games in Q2 2020.
The online shopping site Poshmark plans to raise USD 244 million by offering 6.6 million shares at a price range of $35 to $39. The company will list its shares on the Nasdaq Global Select Market under the symbol POSH. The site acts as a form of social commerce. As of Sept. 30, the company boasted 4.5 million active sellers, 6.2 million active buyers and more than 201 million listed items, with 31.7 million active users overall.
Pet supplies retailer Petco plans to raise $744 million by offering 48 million shares at a price range of $14 to $17. It plans to list on the Nasdaq under the symbol WOOF. Petco was founded in 1965, the retailer sells food, toys, medical products for animals, and provides veterinarian, training, and grooming services.