The initial public offering (IPO) market is maintain last week's hot momentum in the week ahead, with seven diverse traditional IPOs looking to raise nearly $2.5 billion in the week ahead.
Tuya Inc. (NYSE: TUYA) plans to raise over $1 billion from about 44 million shares priced between $17 to $20 each. The Chinese IoT platform developer offers both PaaS and SaaS to over 5,000 customers, with the company's users including brands like Calex, Philips and Schneider Electric.
Vine Energy Inc. (NYSE: VEI) plans to raise about $410 million from roughly 18.8 million shares priced between $16 to $19 each. The natural gas company operates around 900 drilling locations and 370 net producing wells and has been impacted by the coronavirus pandemic. This is the company's second IPO attempt.
Olo Inc. (NYSE: OLO) plans to raise about $373 million from 18 million shares priced between $16 to $18 each. The software provider offers order management software to over 400 enterprise restaurant brands that helps process and manage orders, payments, and deliveries. The company has benefitted from the coronavirus pandemic.
Duckhorn Portfolio, Inc. (NYSE: NAPA) plans to raise $368 million from 20 million shares offered between $14 to $16 each. The luxury wine producer and seller sources its grapes from a network of 225 growers in the United States, with its wines ranging from $20 to $200 per bottle.
Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY) plans to raise over $240 million from more than 9 million shares offered between $21 to $23 each. The low-cost commercial airline targets the leisure market and family travelers and has maintained positive EBITDA despite the pandemic's impact on the travel industry.
Gain Therapeutics, Inc. (NASDAQ: GANX) plans to raise over $50 million from more than 3.6 million shares priced between $10 to $12 each. The biotech expected to collect preclinical data and began Investigative New Drug-backed studies for lysosomal storage disorders this year.
Universe Pharmaceuticals Inc (NASDAQ: UPC) plans to raise more than $40 million from 5 million shares offered in the range of $5 to $7 each. The Chinese medicine manufacturer sells Traditional Chinese Medicine for elderly consumers to promote well-being and aid with aging.