Six IPOs and One Direct Listing: A Week Full of Debuts in the US Stock Market
The US stock market witnessed an exciting week with a total of six Initial Public Offerings (IPOs) and one direct listing making their market debut. These companies, fresh from their fundraising journeys, are now ready to test the waters of public trading.
The Debuting Companies
Let’s take a closer look at the six IPOs:
- Coinbase Global, Inc.: The largest cryptocurrency exchange in the US, Coinbase, raised over $1.1 billion in its IPO. The company priced its shares at $250, above the expected range of $222 to $250.
- Fiverr International Ltd.: The freelance services marketplace priced its shares at $21, the high end of its expected range, raising around $462 million.
- Roblox Corporation: The gaming platform for kids and teens priced its shares at $45, above the expected range of $38 to $42, raising approximately $1.2 billion.
- Coups Technologies SA: The Brazilian e-commerce platform priced its shares at $14, the low end of its expected range, raising around $250 million.
- Summit Materials Inc.: The construction materials company priced its shares at $19, the low end of its expected range, raising around $588 million.
- ThredUp Inc.: The online second-hand clothing store priced its shares at $20, the low end of its expected range, raising around $245 million.
Additionally, Palantir Technologies, a data analytics company, made its market debut through a direct listing, meaning it did not issue new shares and did not raise any additional capital.
More Companies on the Horizon
The coming week is expected to bring even more excitement to the US stock market, with seven IPOs and two Special Purpose Acquisition Companies (SPACs) scheduled to submit their initial filings:
- DoorDash Inc.: The food delivery company is expected to price its shares in the range of $75 to $85, aiming to raise around $3 billion.
- Airbnb Inc.: The home-sharing platform is expected to price its shares in the range of $44 to $50, aiming to raise around $3 billion.
- Wishbone Gold Ltd.: The mining company is expected to raise around $100 million through its IPO.
- Bright Health Group Inc.: The healthcare company is expected to price its shares in the range of $20 to $23, aiming to raise around $1 billion.
- Funko Inc.: The pop culture collectibles company is expected to price its shares in the range of $10 to $12, aiming to raise around $100 million.
- Empire State Realty Trust Inc.: The real estate investment trust is expected to price its shares in the range of $23 to $26, aiming to raise around $1 billion.
- Luminar Technologies Inc.: The autonomous vehicle technology company is expected to price its shares in the range of $18 to $21, aiming to raise around $300 million.
- Lucid and Fusion Media Group: The electric vehicle company and the digital media company, respectively, are expected to merge with SPACs, raising around $2.5 billion and $1.2 billion, respectively.
Impact on Individuals and the World
The surge in IPOs and direct listings can have a significant impact on individuals and the world:
- Individuals: These events provide opportunities for investors to buy shares in promising companies at their initial public offerings, potentially leading to significant gains if the stocks perform well. Additionally, the companies themselves may create new jobs, contributing to economic growth.
- The World: The influx of new companies to the stock market can boost investor confidence and stimulate economic growth. Additionally, the success of these companies can lead to innovation and competition in their respective industries, potentially driving down prices and increasing consumer choices.
Conclusion
The US stock market has seen an exciting week with the debuts of six IPOs and one direct listing, and the upcoming week promises even more action with seven IPOs and two SPACs on the horizon. These events can have a significant impact on individuals and the world, providing opportunities for investment, job creation, and economic growth.
Stay tuned for more updates on the latest happenings in the stock market.
