The summer initial public offering market is still red hot as eight more companies are set to enter public trading in the week ahead. This week will see the addition of a more diverse set of companies, with investment sentiment reaching new heights from April's stock market lows.
Rocket Companies, Inc. plans to raise roughly $3.8 billion from 150 million shares priced between $20-$22 each. Rocket Companies believes its brand is synonymous with providing fast and trusted digital solutions for personal transactions. The company's subsidiary Rocket Mortgage is the leading online platform for home purchasing based loans. The company has demonstrated both growth and profitability as well as high revenues.
Other companies set to price this week:
Acutus Medical, Inc. aims to raise roughly $152 million from about 7.4 million shares priced between $16-$18 each. The medical device manufacturer targets diagnoses and treatments for cardiac arrhythmia.
BigCommerce Holdings, Inc. plans to raise over $238 million from about 9 million share priced in the range of $21-$23 each. A competitor to the popular Shopify (NYSE: SHOP), the e-commerce platform serves about 60,000 online stores in 120 countries.
Checkmate Pharmaceuticals, Inc. is slated to raise $92 million from 5 million shares priced between $14-$16 each. The solid tumor biotech's only candidate has been studied in over 200 melanoma patients in clinical trials.
Freeline Therapeutics Holdings plc plans to raise over $152 million from about 7.3 million share priced between $16-$18 each. The gene therapy biotech is currently testing its lead candidate in early-stage clinical trials.
IBEX Ltd is scheduled to raise roughly $120 million from about 4.7 million shares priced between $20-$22 each. The customer support services provider has expanded its user base to include companies like Amazon (NASDAQ: AMZN) and Lyft (NASDAQ: LYFT).
Oak Street Health, Inc. is set to raise over $305 million from about 15.6 million share priced between $15-$17 each. The health center chain operates 54 locations in the Midwestern, United States and plans to expanded to 25 more sites.
Rackspace Technology, Inc. plans to raise about $924 million from 33.5 million shares priced between $21-$24 each. The provider of cloud management services serves over 120,000 customers in over 120 countries between the years 2018 and 2019.