January's IPO market finished up with the introduction of six new companies to public trading markets. The IPO week kicked off with the first of three biotechs, Annovis Bio, Inc.
Anpac Bio-Medical Therapeutics, Inc.
Black Diamond Therapeutics, Inc.
1Life HealthCare
Arcutis Biotherapeutics, Inc.
To cap off last week, Reynolds Consumer Products, Inc.
IPOs scheduled to price this week:
Beam Therapeutics, Inc is poised to price on the global Nasdaq on February 6. The preclinical, gene editing biotech plans to offer $122, 187,500 from 6.25 million shares price between $15-$17 per share. Beam is expected to begin a new wave of Investigational New Drug (IND) filings for 2020.
Casper Sleep Inc. is set to trade on the New York Stock Exchange on February 6. The highly anticipated tech-enabled mattress company expects to raise over $182 million in offering 8.35 million shares priced in the range of $17-$19 per share. The company is widely criticized as being unprofitable despite its rapid growth.
PPD, Inc. will also begin trading on the global Nasdaq on February 6. The contract research organization is returning to public trading markets by aiming to raise over $1.8 billion from 60 million offered shares priced between $24-$27 per share. The IPO proceeds are set to be used to pay down the company's debt.
Schrodinger, Inc. is the last company slated to join the global Nasdaq on February 6. The provider of life science and materials research software plans to raise $184 million from offering 10 million shares priced in the range of $14-$16 per share.
NexPoint Real Estate Finance, Inc. plans to issue on the New York Stock Exchange on February 7. The mortgage real estate investment trust (REIT) aims to raise over $120 million from 5 million shares priced between $19-$21 per share.
OneWater Marine, Inc. is also scheduled to price on the New York Stock Exchange on February 7. The recreational boat retailer has made 17 acquisition since the company's formation in 2014. The company estimates that it will raise over $74 million from about 4.6 million shares priced at $12-$14 per share.
Professional Holding Corp. is that last IPO set to issue on the global Nasdaq on February 7. The community bank from South Florida is planning to raise over $74.8 million from offering 3.1 million shares priced in the range of $19-$21 per share.