Diverse Group of 14 IPOs Keeps the Market Red Hot in the Week Ahead

The initial public offering (IPO) market is remaining red hot for the week ahead, with 14 traditional IPOs aiming to raise nearly $6.79 billion in their debut. The week hosts a diverse grouping of companies, including web developers, industry pureplays, electronic producers, biotechs, and digital marketers.

Diversey Holdings, Ltd. (NASDAQ: DSEY) plans to raise over $1.11 billion from more than 46 million shares priced between $18 to $21 each. The cleaning products maker is a global pure play provider of cleaning and hygiene products for institutional and industrial end-users such as food service providers, lodging establishments, food and beverage manufacturing and processing plants, building service contractors, building managers and property owners, retail outlets, schools and health-care facilities in 175 counties. Diversey's competitors include 3M (NYSE: MMM), Procter & Gamble (NYSE: PG), Clorox (NYSE: CLX) and Kimberly-Clark (NYSE: KMB).

DigitalOcean Holdings, Inc. (NYSE: DOCN) plans to raise about $892 million from 16.5 million shares priced in the range of $44 to $47 each. The web development platform provides the capabilities of cloud infrastructure and services to individual developers, start-ups and small-to-midsized businesses, offering simpler cloud services than the scable ones offered by tech giants like AWS (NASDAQ: AMZN) and Google Cloud (NASDAQ: GOOGL).

Leonardo DRS, Inc. (NYSE: DRS) plans to raise over $807 million from 31.9 million shares priced between $20 to $22 each. As the spin-off of Italian defense group Leonardo, the company provides defense products and technologies used across land, air, sea, space, and cyber domains. Top competitors include L3Harris Technologies (NYSE: LHX) and Raytheon (NYSE: RTX).

Zhihu Inc. (NYSE: ZH) plans to offer over $727 million from 55 million shares priced between $9.50 to $11.50 each. The Chinese internet platform offers the largest 'question and answer' online community and one of the top five comprehensive online content communities in China.

Alignment Healthcare, Inc. (NASDAQ: ALHC) plans to raise over $594 million from 27.2 million shares priced in the range of $17 to $19 each. The provider of customized Medicare Advantage plans operating in 22 markets across three U.S. states.

ACV Auctions Inc. (NASDAQ: ACVA) plans to raise roughly $419 million from more than 16.5 million shares priced between $20 to $22 each. The wholesale car auction platform helps facilitate transactions between dealers and commercial partners.

Vizio Holding Corp. (NYSE: VZIO) plans to raise nearly $400 million from over 15 million shares priced between $21 to $23 each. The company offers a portfolio of Smart TVs and sound bars, with competitors including Samsung, Sony (NYSE: SNE), and LG Electronics.

Cricut, Inc. (NASDAQ: CRCT) plans to raise over $387 million from more than 15.3 million shares priced between $20 to $22 each. The company offers connected machines, design apps and accessories and materials to allow users to make personalized crafts.

Olink Holding AB (NASDAQ: OLK) plans to raise over $365 million from more than 17.6 million shares priced between $16 to $18 each. The Swedish proteomics platform offered a portfolio of protein biomarker analysis products, based on proprietary Proximity Extension Assay technology.

SEMrush Holdings, Inc. (NYSE: SEMR) plans to raise over $309 million from 16.8 million shares priced between $14 to $16 each. The digital marketing management platform enables companies to identify and reach the right audience for their content through SEO research tools.

Design Therapeutics, Inc. (NASDAQ: DSGN) plans to raise over $276 million from 12 million shares priced between $18 to $20 each. The preclinical biotech plans to evaluate its lead candidate in clinical trials with Friedreich ataxia patients in the first half of 2022.

ThredUp Inc. (NASDAQ: TDUP) plans to raise $193 million from 12 million shares priced between $12 to $14 each. The secondhand apparel platform had 1.24 million active buyers and 428,000 active sellers as of Dec. 31, 2020. The company's top rivals include The RealReal (NASDAQ: REAL) and Poshmark (NASDAQ: POSH).

Edgewise Therapeutics, Inc. (NASDAQ: EWTX) plans to raise $184 million from 10 million shares priced between $14 to $16 each. The rare-disease-focused biotech's lead candidate is currenting in a Phase 1 trial for Duchenne muscular dystrophy, Becker muscular dystrophy, and Limb-girdle muscular dystrophy.

LAVA Therapeutics BV (NASDAQ: LVTX) plans to raise over $123 million from 6.7 million shares priced between $14 to $16 each. The Dutch oncology-focused biotech expects to begin enrollment for a Phase 1/2a clinical trial for its lead candidate in the first half ot the year.