Stash’s July IPO Calendar

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®.

June 23

Sprinklr, Inc., CXM

• This enterprise software company connects internal departments such as customer care and marketing, with the goal of allowing them to collaborate to serve customers. Based in New York, New York, Sprinklr sold 16.6 million shares at $16.

June 24

Bright Health Group, BHG

• The healthcare company aims to help consumers find the best care using local resources, while reducing costs. Bright Health, based in Minneapolis, Minnesota, sold 51.4 million shares at $18 per share.

Doximity, Inc., DOCS

• Based in San Francisco, California, the software platform lets doctors work with colleagues, coordinate patient care, hold virtual appointments with patients, and more. The platform sold 23.3 million shares at $26 per share.

June 29

Dingdong Cayman Limited, DDL

• Dingdong Cayman is an on-demand e-commerce company based in Shanghai, China. This company provides fresh produce, meat, seafood, and more on a daily basis to households in China. Dingdong sold 3.7 million ADS at $23.50 per share. 

June 30

CLEAR Secure, Inc., YOU

• Based in New York, the  security platform  uses biometrics such as fingerprint, eye, and face identification for secure travel. CLEAR sold 13.2 million shares at $31 per share.

DiDi Global, Inc., DIDI

• Known as “China’s Uber,” DiDi Global is a technology platform that gives customers access to taxis, chauffeurs, and other ride sharing options. Based in Beijing, China, DiDi sold 317 million shares at $14. 

Intapp, Inc., INTA

• Based in Paolo Alto, California, the software service company allows professional and financial services firms to connect their people, processes, and data through cloud-based artificial intelligence solutions. Intapp sold 10.5 million shares at $26.

Integral Ad Science Holding, IAS

• The technology platform provides integrated verification and measurement for digital advertising channels such as desktop, mobile, connected TV, social, display, and video. Based in New York, New York. IAS sold 15 million shares at $18.

LegalZoom.com, Inc., LZ

• Based in Glendale, California, the online platform for legal and compliance solutions in the U.S. LegalZoom.com offers small businesses subscription legal services to help protect themselves. The company sold 19.1 million shares at $28.

Sentinelone, Inc., S

• The artificial intelligence-powered, autonomous cybersecurity platform offers autonomous endpoint threat detection and defense. The Mountain View, California- based tech company sold 35 million shares at $35.

Xometry, Inc., XMTR

• This Derwood, Maryland based company is an online marketplace connecting companies with manufacturing demand and manufacturers. Xometry sold  6.9 millions shares at $44.

July 1

Acumen Pharmaceuticals, Inc., ABOS

• Based in Charlottesville, Virginia, the clinical-stage biopharmaceutical company has developed experimental treatments targeting one of the potential underlying causes of Alzheimer’s Disease: amyloid-beta oligomers. The company sold 9.99 million shares at $16 each.

D-Market Electronic Services & Trading (Hepsiburada), HEPS

• Hepsiburada is an e-commerce service focused on making digital commerce seamless. Based in Istanbul, Turkey, Hepsiburada sold 56.7 million shares at $12 per share.

EverCommerce, Inc., EVCM

• The software-as-a-service company, based in Denver, Colorado, provides solutions such as business management software for service-based small and medium-sized businesses including therapists, salon owners, and more. EverCommerce sold 19.1 million shares at $17.

Krispy Kreme, Inc., DNUT

• Based in Charlotte, North Carolina, the iconic doughnut brand went public for the second time in its 83-year history. (It was taken private by JAB Holding Co. in 2016). Krispy Kreme says it sold 1.3 billion doughnuts across 30 countries in 2020. It sold 29.4 million shares at $17 per share. 

Torrid Holdings, CURV

• The direct-to-consumer clothing brand makes apparel and intimates for plus-size women who wear a size 10 and up. The company, based in City of Industry, California, makes clothing for women ages 25 to 40. Torrid sold 11 million shares at $21 each.

Upcoming IPOs

July 15

Membership Collective Group, Inc., MCG

• The  global private membership platform connects its 119,000 members primarily through its 28 “houses,” or hotels. These include Soho House and The Ned in London, and Skorpios Beach Club in Mykonos, Greece. Based in London, United Kingdom, Membership Collective expects to sell 30 million shares between $14 and $16 per share.

Phillips Edison & Company, Inc., PECO

• The managed real estate investment trust (REIT) owns neighborhood and community shopping centers. Based in Cincinnati, Ohio, Phillips Edison & Company plans to sell 17 million shares between $28 and $31 per share.

July 16

Blend Labs, Inc., BLND

• The San Francisco, California-based software platform company designs end-to-end consumer “journeys” for financial services companies, streamlining how customers can get mortgages, home equity lines, credit cards, deposit accounts, and more. Blend Labs hopes to sell 20 million shares at a $16 to $18 price range.

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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