Stash’s November 2021 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®.

October 28

Fluence Energy Inc., FLNC

• The Arlington, Virginia-based clean energy storage company is a joint venture between Siemens and Applied Energy Services (AES). Fluence makes energy storage products, specifically for renewable energy sources. The company sold 31 million shares at $28 each.

Globablfoundries Inc., GFS

• The semiconductor foundry and manufacturer says it has developed an integrated chip used in billions of devices worldwide. Globalfoundries also says it has a library consisting of thousands of IP titles, and differentiated transistor and device technology. Based in Malta, New York, the company sold 55 million shares at $47 per share.

Solo Brands, Inc., DTC

• The outdoor lifestyle products company operates four brands, including Solo Stove, Oru Kayak, ISLE Paddle Boards, and Chubbies apparel. Based in Southlake, Texas, the company sold 12.9 million shares at $17 each. 

October 29

Airsculpt Technologies, AIRS

• The body sculpting company offers contouring procedures to remove unwanted fat. Based in Miami, Florida, the company sold 7 million shares at $11 each.

HireRight Holdings Corp., HRT

• A provider of workforce risk management and compliance solutions, the company offers background screening, verification, identification, monitoring, and drug and health screening services. HireRight, based in Nashville, Tennessee, sold 22.2 million shares at $19 per share. 

Udemy Inc., UDMY

• The education marketplace and platform offers business skill development courses in 75 languages and 180 different countries. Based in San Francisco, California, Udemy sold 14.5 million shares at $29 each.

November 2

LianBio, LIAN

• The biopharmaceutical company has developed specialties in cardiovascular, oncology, ophthalmology, inflammatory disease and respiratory disease, and has collaborated with pharmaceutical company Pfizer, among others, to develop commercial infrastructure in China. Based in Princeton, New Jersey, the company sold 20.3 million shares at $16 each.

Upcoming IPOs

November 3

Allbirds inc., BIRD

• Based in San Francisco, California, the maker of sustainable shoes focuses on minimizing environmental impact and reducing carbon emissions and waste in its products, such as its Wool Runner sneaker.  Allbirds, which sells its products online and in approximately 27 stores, plans to sell 19.2 million shares at a $12 to $14 per share price range.

Delmobil Holdings SA, DMOB

• The transportation company offers ridesharing services and long-term car rentals in Russia. Based in Luxembourg City, Luxembourg, Delmboli expects to sell 20 million shares for $10 to $12 each. 

November 4

Arhaus Inc., ARHS

• The direct-to-consumer furniture business, based in Boston Heights, Ohio, offers premium home furnishings in a multi-channel environment. Arhaus plans to sell 22.9 million at a $14 to $17 price range. 

Evotec S.E. EVO

• The pharmaceutical drug development company partners with other companies, with the aim to discover and develop drugs for difficult-to-treat illnesses. Based in Hamburg, Germany, Evotec hopes to sell 22 million shares at $26.16 each. The expected share price is based on its October 22, 2021 closing price on the Frankfurt Stock Exchange.

November 5

Cian PLC, CIAN

• The Larnaca, Cyprus-based online real estate classifieds company focuses on the Russian real estate market. Cian’s platform allows buyers to get insights on the places where they might want to live or work. The company hopes to sell 18.2 million shares between $13.50 to $16 each. 

Desert Peak Minerals Inc., DPM

• The royalty interests company acquires, owns, and manages mineral and royalty interests in the Permian Basin, in Texas and New Mexico. Desert Peak Minerals, based in Denver, Colorado, plans to sell 10 million shares at a $20 to $23 price range. 

November 10

Rivian Automotive, RIVN

• The manufacturer of electric SUVs, trucks, and vans taps both the consumer and commercial markets. Investors in the company reportedly include Ford Motors and Amazon. Rivian has also formed a partnership with Amazon, for which it says it will  manufacture up to 100,000 delivery vans. Based in Irvine, California, the company hopes to sell 135 million shares at a price range between $57 and $62.

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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