Stash’s September 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®.

August 5

European Wax Center, EWCZ

• Based in Plano, Texas, the out-of-home waxing franchise had 808 locations in 44 states as of March 2021. The company sold 10.6 million shares at $17 per share. 

Weber Inc., WEBR

• This outdoor grilling company makes traditional charcoal grills, gas grills, wood pellet and electric grills, and more. Weber, which is based in Palatine, Illinois, sold 17.9 million shares at $14 each.

August 6

Adagio Therapeutics, ADGI

• This Waltham, Massachusetts-based biopharmaceutical company develops antibody-based solutions for infectious diseases that could become pandemics. Adagio’s lead treatment is designed to target Covid-19. The company sold 18.2 million shares at $17 each.

August 30 

Double Down Therapeutics, DDI

• Based in Seoul, South Korea, the computer software company makes digital games for mobile and web-based platforms, including its flagship game DoubleDown Casino. Double Down sold 6.3 million shares at $18 each.

Upcoming IPOs

September 14

Sportradar Group AG, SRAD

• The computer processing company provides software, content, and data, as well as business-to-business solutions in the sports betting industry. Sportradar, based in Gallen, Switzerland, plans to sell 19 million shares between $25 and $28 per share. 

September 15

Dice Therapeutics, Inc., DICE

• The biopharmaceutical company has created a technology platform that sources candidates with chronic illnesses for oral theraputic solutions. Dice, based in San Francisco, California, hopes to sell 10 million shares at a $15 to $17 price range.

Tyra Biosciences, Inc., TYRA

• Based in Carlsbad, California,the pharmaceutical company makes therapies to fight tumor resistance in patients who have cancer. Tyra expects to sell 6.7 million shares between $14 and $16 per share.

PROCEPT BioRobotics, PRCT

• Surgical equipment company Procept BioRobotics manufactures a tool known as the AquaBeam Robotic System which is used to perform minimally invasive urologic surgery. Based in Redwood City, California, the company expects to sell 5.5 million shares between $22 and $24 each.

Definitive Healthcare Corp., DH

• The cloud-based provider of healthcare intelligence products and services sells to customers including biopharmaceutical and medical device companies, healthcare information technology companies, healthcare providers, as well as staffing firms, and commercial real estate firms, among others. Based in Framingham, Massachusetts, the company hopes to sell 15.6 million shares at a range between $21 and $24. 

Dutch Bros., Inc., BROS

• The Grants Pass, Oregon-based coffee shop chain has 471 stores in 11 states, as of June 30, 2021. Founded by third-generation dairy farmers, Dutch Bros. plans to sell 21.1 million shares between $18 and $20 per share. 

Thoughtworks Holding, Inc. (Turing Holding), TWKS

• The technology consultancy provides premium, end-to-end digital strategy, design and engineering services to technology and other digital-native companies. Based in Chicago, Illinois, the company plans to sell 36.8 million shares at range between $18 and $20.

September 16

ForgeRock, Inc., FORG

• The software-as-a-service (SaaS) company provides data and identity protection, as well as performance services for enterprises. Based in San Francisco, California, ForgeRock hopes to sell 11 million shares at a $21 to $24 price range.

September 29

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 expects to sell 77.7 million shares at $24.53 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®.

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