IPO Update: "Unicorn" IPO Sees Lackluster First Week of Trading

Last week saw the introduction of the IPO "unicorn" SmileDirectClub, which is currently the top contender for having the worst first day of trading of the year. This week is set to see more anticipated IPOs with all listing company's offer amounts this week being within the hundreds of millions.

Upcoming this week:

APEX Technology Acquisition Corp. is set to publicly trade on September 17 with the symbol APXTU on the NASDAQ. The stock is priced at $10 a share with 27.5 million shares. The company's offer amount was $316,250,000.

IGM Biosciences is an upcoming stock set to trade under the symbol IGMS on the NASDAQ on September 18. The stock is set to be $15-$17 a share with 7,812,500 shares. The company's offer amount was $152,734,375.

Envista Holding Corp. is set to publicly trade on the NYSE with the symbol NVST. Shares are expected to be priced at $21-$24 with 26,768,000 shares currently. The company's offer amount was $738,769,800.

DataDog Inc. is set to trade on September 19 with a share price estimated to be $19-$22 per share. The company is expected to run under the symbol DDOG on the NASDAQ with 24 million shares currently. The company's offer amount was $607,200,000.

Ping Identity Holding Corporation is set to trade on September 19 under the symbol PING on NYSE. Shares are estimated to be priced at $14-$16 with 12.5 million currently. The company's offer amount was $230 million.

Newly Priced:

New Providence Acquisition Corp. (NASDAQ: NPAUU) was priced on September 11 with a share price of $10 with 20 million posted shares and an offer amount of $200 million. The stock will run on the NASDAQ under the symbol NPAUU.

SmileDirectClub Inc. (NASDAQ: SDC) was priced on September 12 with a higher end share price of $23 with 58,537,000 million shares. With the stock symbol SDC, the company will be running on the NASDAQ and had an offer amount of $1.3 billion.

10X Genomics Inc. (NASDAQ: TXG) was priced also on September 12 with 10 million shares priced at $39 per share. The company will be trading on the NASDAQ with the symbol TXG. Its filing offer was $390 million.

SpringWorks Therapeutics Inc.(NASDAQ: SWTX) was priced on September 13 to trade on the NASDAQ with the symbol SWTX. The company has 9 million shares at $18 per share. The company's offer amount was $162 million.

Satsuma Pharmaceuticals (NASDAQ: STSA) was priced on September 13 to publicly trade on the NASDAQ under the symbol STSA at $15 a share with 5.5 million shares currently. The company's offer amount was $82.5 million.

Cloudflare Inc. (NYSE: NET) was approved and priced on September 13 to trade on the NYSE under the symbol NET at $15 per share with 35 million shares. The company's trading offer amount was $525 million.

Experience Investment Corp. (NASDAQ: EXPCU) was priced on September 13 to trade on the NASDAQ with the symbol EXPCU at $10 dollars a share with 25 million shares currently. The company's offer amount was $250 million.

Alerus Financial Corp. (NASDAQ: ALRS) was priced September 13 to trade on the NASDAQ under the symbol ALRS. Stock shares of the company are priced at $21with 2.86 million shares. The company's offer amount was $60,060,000.

Filed Recently:

Biotech Se had filed to trade under the proposed symbol BNTX on September 9 with an offer amount of $100 million.

Heartland Bancorp Inc. had filed to publicly trade on September 13 under the tentative symbol HBT with an offer of $100 million.

Global Internet of People Inc. filed with $23 million under the proposed symbol GIP on September 13.

Chinos Holdings Inc. has filed to publicly trade with an offer amount of $100 million on September 13 and has yet to announce a trading stock symbol.