Hello everyone! This is Rachael, live from Kalkine Studio. And you’re watching ‘The IPO Corner’- a show that is dedicated to
IPO market performance and brings you hot public offerings and all-important information
about the listing companies under the spotlight. In today’s show, we're looking at initial
public offerings expected to list on the US stock exchange this week. Now if you want
to buy and sell US shares from Australia, you need to sign up with a stockbroker with
access to Wall Street. Your cheapest and easiest option is to join an online share trading
platform that offers US-listed stocks. This year has been very busy for the US IPO market,
with more than 560 listings, including IPOs, a special purpose acquisition company, and
direct listings, raising billions year-to-date. Several big names such as Robinhood Markets,
Coinbase Global, and Roblox Corp capitalized on the capital markets boom earlier in 2021.
The IPOs attract many investors who want to capitalize on the prospect of the stock price
rising after the initial public offer. And this year was no different. China has recently
emerged as the leading global IPO market, closely followed by the United States. In
the third quarter of 2021, NASDAQ alone saw 147 listings. The list is only going to get
longer as many companies are in line to get listed on the US stock exchange. This
week five companies are expected to list their IPOs, while many more are lined up to join
the US exchange. The list includes Informatica, Rent the Runway, Arteris, Global Foundries,
Fluence Energy, Candela Medical, and Ensemble Health Partners. On this note, let’s talk
about these IPOs in detail. Software company, Informatica. is expected to make debut on
the New York Stock Exchange on October 27, under the ticker name “INFA”. The price
range for the IPO is US$29-US$32 apiece. The company is expected to issue 29 million shares.
The California-based company had 5,249 employees as of June 30, 2021. It has additional 4.35
million shares for underwriters to purchase on option if over allotted. The company provides
an AI-powered Intelligent Data Management Cloud platform. Informatica has over 5,000
active customers and conducts more than 22 trillion cloud transactions every month. Its
platform enables the customer enterprises to create a 360-degree customer experience
and automate data operations in financial planning, operations, supply chain management
and more. It offers its services to education, financial, energy, utilities, healthcare,
life sciences, manufacturing sectors, and the government. Informatica was founded in
1993. Next is Rent the Runway. It offers “Closet in the Cloud” for women. Customers can rent,
wear, return or keep designer wear from a collection of more than 18,000 styles and
over 750 brands. The IPO of the company is slated to be listed on tech-heavy NASDAQ Composite
on October 27. The company looked to issue 15 million shares at an offer price of US$18-US$21
apiece. The company gives subscription-based access to customers for its offerings. The
Closet in the Cloud consists of items for different occasions and styles ranging from
accessories, denim, casual, workwear, maternity, jewelry, handbags, ski wear, kids wear, home
goods and more. Rent the Runway serves over 2.5 million lifetime customers. It was founded
in 2009 and had 974 employees as of July 31, 2021. Moving on technology company Arteris.
It is scheduled to start public trading on the NASDAQ on October 27. The company proposed
to issue 5 million shares at an offer price of US$14-US$16. Arteris provides "interconnect
semiconductor" intellectual property and IP deployment technology as network-on-chip communications.
It aims to accelerate system-on-chip semiconductor development and integration for mobile phones,
Internet of Things, automobiles, and servers. Its customers include Baidu, Samsung, Toshiba,
and others. In addition, it claims that its products help systems on a chip to process
complex data for customers. The company is based in Silicon Valley in California, and
was founded in 2003. According to its filing with the U.S. Securities and Exchange Commission,
the company had 211 employees as of June 30, 2021. It also has 750,000 additional shares
for underwriters in case of overallotment. Another technology company that is slated
to join NASDAQ this week is GlobalFoundries, a global leader in feature-rich semiconductor
manufacturing. The company looked to issue 55 million shares, while offer price is expected
to be between US$42 and US$47 per share. The company was initially targeting a listing
in late 2022 or early 2023 but moved up the timetable to capitalize on the current IPO
boom. GlobalFoundries, owned by Abu Dhabi's sovereign wealth fund Mubadala Investment
Co, is a semiconductor foundry that provides semiconductor manufacturing services. The
company, which makes radio-frequency communications chips for 5G, automotive, and other specialized
semiconductors, counts Advanced Micro Devices and Broadcom Inc among its customers. It provides
optimized solutions for the function, power requirements and performance of critical applications
through differentiated foundry solutions. The New York-based company had 15,000 employees
as of December 31, 2021. It has additional 8.25 million shares to offer to underwriters
on options. And last company on our list today is Fluence Energy. They provide energy storage
technology and is slated to join NSADAQ on October 28. The company planned to offer 31
million shares at an issue price of US$21 to US$24. The company aims to make clean energy
transition easy through its storage products and digital applications. The company also
offers an AI-enabled Fluence IQ Platform to optimize third party storage assets. The products
come with integrated hardware, software, and digital intelligence. The company also provides
delivery services and operational services. Utility customers, commercial and industrial
customers, may benefit from Fluence Energy’s products to maximize the performance of single
or entire portfolios of clean energy assets. That’s all for now. We will be back next
week with our IPO Corner show to share the latest market insights with you. Till then,
Stay tuned with Kalkine TV for more stock, business and economy related hot trends.