The initial public offering (IPO) market lit up last week as two companies skyrocketed almost 200% in their public trading debut. Last week saw the introduction of 8 new companies, most related to the healthcare industry, and six special purpose acquisition companies (SPAC) companies. The week ahead plans to maintain last week's momentum with 6 new companies from an array of different industries slated to price.
To recap last week, GoHealth, Inc.
Relay Therapeutics, Inc.
NCINO, Inc.
Berkeley Lights, Inc. (NASDAQ: BLI) also did well in its debut, rising an offering of $178 million from pricing its shares above its range at $22 each. The digital cell biology company was also favored by investors, with the stock finishing its week up 198%.
Trean Insurance Group, Inc.
ALX Oncology Holdings Inc.
Pandion Therapeutics, Inc.
Renalytix AI plc
SPACs were busy last week, with six pricing on the public market to raise capital to invest in a targeted company. The companies were: Artius Acquisition raising $630 million, HPX Corp raising $220 million, D8 Holdings raising $300 million, Malacca Straights Acquisition raising $125 million, Deerfield Healthcare Technology Acquisitions also raising $125 million, and PTK Acquisition raising $100 million.
The week ahead plans to debut 6 companies from a range of industries, including software companies and more biotechs:
Jamf Holding Corp. plans to raise about $423 million form 16 million shares priced in the range of $21-$23 each. The company provides software for enterprises to remotely deploy Apple
iTeos Therapeutics, Inc. aims to raise about $184 million from 8.9 million shares offered between $16-$18 each. The early/mid-stage oncology biotech is currently developing therapies for various cancers.
Nurix Therapeutics, Inc. plans to raise about $182 million from 8.8 million shares offered between $16-$18 each. The preclinical biotech is currently developing small molecule therapies for cancer treatments.
Inozyme Pharma, Inc. is planning to raise $92 million from 5 million shares priced in the range of $14-$16 each. The preclinical biotech is developing therapies from abnormal diseases.
Harbor Customer Development, Inc. aims to raise about $20 million from over 2.1 million shares priced in the range of $6-$8 each. The real estate development company provides all aspects of land development from acquisition to home building to sales.
Skillful Craftsman Education Technology Ltd plans to raise $19 million form 3 million shares offered between $4.50-$5.50 each. The Chinese company provided online education and technology services.