The summer initial public offering (IPO) market has cooled off a bit from its red hot acceleration it demonstrated over the past few weeks, with only four companies set to debut this week. However, the market shows no sign of stoping in the second half of the year as investment sentiment remains high towards ongoing growth and recovery following the coronavirus pandemic-induced market lows seen in March and April.
Here as the companies set to list this week in order of intended offering amount:
KE Holdings Inc. plans to raise over $2.3 billion from 106 million offered share in the price range of $17-$19 each. The company is China's largest housing transactions and services platform, and the second largest commerce platform across all industries, according to CIC Report. The company has had over 260 real estate brokerage brands, 42,000 community-centric stores and over 456,000 agents across 103 cities in China as of the end of June 2020.
NetSTREIT Corp. aims to raise over $374 million from 15.5 million offered share in the range of $19-$21 each. The single tenant commercial properties REIT's portfolio includes 163 retail brands like Walmart
DUCK CREEK TECHNOLOGIES, INC. is slated to raise over $362 million from 15 million shares offered in the range of $19-$21 each. The provider of a Software-as-a-Service platform for property and casualty insurance carriers has large customers like Berkshire Hathaway
CureVac N.V. plans to raise roughly $245 million from about 13.3 million shares offered in the range of $14-$16 each. The German biotech currently has two lead candidates in the pipeline, one for solid tumor treatment and the other a potential vaccine for rabies. The company also has a mRNA coronavirus vaccine candidate that has entered early-stage clinical trials involving healthy participants back in June, with results expected later this year.
