The last few weeks have been slow for the IPO markets but we commented that the list of new offerings making their way to the markets was thick. This week we get to see some of those names with 10 new IPO's coming up. There are banks, oil companies and six biotech stocks, so we will start with them.
Rubius Therapeutics (RUBY ) is the largest healthcare offering of the week with a potential offering of $200 million. They are focused on solutions regarding red blood cells and are still in the development, or what the industry calls "pre-clinical" stage. They are offering 9.5 million shares in the $20 - $22 range.
Canadian cannabis company Tilray (TLRY ) is next up with their $135 million offering. This young company is in the medical cannabis supply business and has sales of $23 million in the last 12 months. They are offering 9 million shares at a range of $14 - $16.
Replimune Group (REPL ) is a biotech firm focused on therapies which fight against cancerous tumors. The company will offer 6.7 million shares at a range of $14 - $16. This would give them a $500 million value and they have $0 sales in the last 12 months. Insiders are expected to buy at least 40% of the deal.
Constellation Pharma (CNST ) is looking for $80 million by offering 5.3 million shares at a range of $14 - $16. According to their filings they are developing cancer therapies to moderate abnormal genes. This is another company which could have almost a $500 million valuation with $0 in sales.
Crinetics Pharmaceuticals (CRNX ) is a clinical stage biotech company that is focused on rare endocrine diseases. They are looking for $80 million by offering 5 million shares at a range of $15 $17. They have $0 in sales over the last 12 months.
Establishment Labs (ESTA ) is a silicone breast sales company out of Costa Rica. The company is looking for $50 million by offering 3.1 million shares at a range of $15 - $17.
Allakos (ALLK ) is looking for $96 million this week. The California based company develops antibodies for inflammatory diseases and will offer 6 million shares at a range of $15 - $17.
Coastal Financial (CCB ) is a community bank located in Everett, Washington. They are a 20 year old company with sales of $35 million in the last 12 months. They are looking for $38 million by offering 3 million shares at a range of $13 - $15.
First Western Financial (MYFW ) is a wealth manager / bank based on Colorado. The company is focused on high net worth individuals which has helped them generate $58 million in sales for the last 12 months. Look for them to offer 2 million shares at a range of $19 - $21.
Lastly, AFG Holdings (AFGL ) is a Texas based oil and gas drilling company. They specialize in pressure pumping and drilling which has led them to a sizable $543 in sales over the last 12 months. The company is looking for $300 million by offering 18.2 million shares at a range of $15 - $18.