today i have the latest on the coinbase ipo including its timing and on some of the news
behind it and then of course we'll do what we do here and talk about all the companies going public
this week i have a cool dozen of ipos hitting the market i'll give an overview
of all 12 ipos including their ticker symbols and trading dates and of those 12
i'll give you some additional details of the four i feel the most interesting
if you're into keeping track of all the upcoming ipos you've come to the right
place hey everyone welcome to ipo this week for the week of march 22nd as always i want
to give a special shout out to those of you in the community that come back each and every week
really appreciate it for anyone new here my name is kevin and on this show we look at the new ipos
coming out for the week now this show is just meant to be more of an overview of the companies
and then we follow up the companies with a lot of interest with a dedicated analysis type video
so always remember to let me know in the comments what companies you're most interested in you never
know when i'll do another video now this week i have 12 companies to cover for you which is a lot
and to keep this episode from getting too long i'll just give you a brief introduction of eight
of the companies coming out and then for the ones i think are the most interesting ones i'll give
you a little bit more details and as we work our way through the list as i mentioned at the
top of the video i do have some information for you on when the coinbase ipo or more accurately
the direct listing could happen that i'll share with you but let's start with the ipos coming
out this week we'll start off for the car lovers out there where we have acv auctions
it's a company who runs a wholesale car auction platform that has led to over 750 000 wholesale
transactions between over 21 000 dealers and commercial partners throughout the u.s
acv auctions ipo looks to be priced between 18 and 20 dollars on tuesday and then trading would then
begin on wednesday under the ticker acva next up we have leonardo drs which is a leading provider
of defense products and technologies that are used across land air sea space and cyber domains their
defense systems and solutions are offered to all branches of the u.s military major aerospace and
defense prime contractors government intelligence agencies and international military customers for
deployment on a wide range of military platforms their capabilities focus in areas of critical
importance of the us military such as sensing electric warfare cyber security network computing
communications force protection and electrical power conversion and propulsion
they've achieved a 12 compounded annual growth rate in the years 2016 through 2020. the leonardo
drs ipo looks to be priced between twenty dollars and twenty two dollars on tuesday and then the
stock would then trade under the ticker drs on wednesday next up we have alignment healthcare
which is the company that provides customized medicare advantage plans and currently operates in
california nevada and north carolina alignment has over 80 000 members representing three percent of
the seniors in medicare advantage plans in those markets the alignment healthcare ipo is looked to
price between 17 and 19 on the 24th and the stock would trade on thursday under the ticker alhc
moving on we have diversey holdings a leading global provider of cleaning and hygiene products
for the institutional and food and beverage markets holding the first or second position
in its key markets the company serves more than 85 000 customers in over 80 countries
diversey holdings looking to have their ipo on the 24th with pricing to come in between 18 and 21 the
stock would then begin trading on thursday under the ticker dsey next up we have lava therapeutics
which is an early stage oncology biotech focusing on treating multiple myeloma and different types
of leukemia lava expects to be an enrollment for a phase 1 to 2a trial with its leaked candidate for
those indications sometime in the first half of this year lava therapeutics looks to price between
14 and 16 on the 24th the stock would then trade on thursday under the ticker lvtx the next company
for this week is olink holding this company's mission is to enable scientists to make research
decisions more quickly and confidently through protein biomarker analysis according to their
prospectus they focus on identifying novel and casual drug targets which guides candidate drug
development by revealing predictive biomarkers for drug response disease risk and outcomes which
identifies which patients have the potential to benefit the most from new therapies and treatments
and by detecting and characterizing indicators of disease and health to manage patient wellness
more proactively the olink holding ipo is also set for the 24th with pricing expected to come
between 16 and 18 trading for the stock would then begin on thursday under the ticker olk
moving on we have semrush holdings online visibility management software as a service
platform their platform enables companies to identify and reach the right audience for their
content in the right context and through the right channels by the end of 2020 its platform
had over four hundred thousand active free users and sixty seven thousand paying customers
the semrush holdings ipo is set for the wednesday with pricing expected to come between fourteen and
sixteen dollars the stock would then begin trading on thursday under the ticker semr next up we have
chinese question and answer platform zhihu they call themselves the marketplace of answers zhihu
is the largest question and answer inspired online community and one of the top five comprehensive
online content communities in china both in terms of average mobile monthly active users and revenue
in 2020. zhihu's ipo looks to happen on thursday with pricing expected to come between nine dollars
and fifty cents and eleven dollars and fifty cents the stock will train under the ticker
zh and should start trading on friday before we get to what are likely the top four anticipated
ipos of the week i wanted to give an update on the coinbase ipo date according to reporting on
bloomberg coinbase had planned to go public this month but is now looking to go public in april
now no reasons were given by the sources of the article but my guess is that it has something to
do with the news that came out on friday and that news being that the u.s commodity futures trading
commission said it defined coinbase 6.5 million dollars to settle charges that reported misleading
transaction data that potentially inflated the parent trading volume on his platform the charges
were related to two coinbase operated trading programs that matched orders with one another
resulting in transactions between accounts owned by coinbase that happened between january 2015 and
september 2018. so again it looked like more uh transactions were happening that actually occurred
now this past week coinbase had released an amended filing that came out showing that the
company registered just under 115 million shares for its listing these amended filings tend to come
out real close to when ipos or direct listings are set so i think we're still close but the
company probably wanted to get the settlement news address and out of the way before the
direct listing happens again i'll be talking a lot more about coinbase so stay tuned to the channel
all right let's finish up with the four most intriguing ipos of the week at least to me
first up is vizio who plans to raise 333 million dollars at a 4.5 billion dollar market cap
known as a low-cost tv brand vizio's portfolio consists of smart tvs and sound bars
as well as a proprietary smart tv operating system called smartcast
as of december 1st they've sold approximately 82.2 million televisions and 11.8 million sound bars
over the lifetime of the company the company was number two in the north american television market
by union shipment from january 2018 to december 2020 it was the number one soundbar brand in the
america by unit sales over the same period devices are sold both in stores and online including at
major national retailers such as amazon best buy costco sam's club target and walmart
they also sell devices online at vizio.com now all of vizio's products are designed in california but
they outsource manufacturing to facilities in vietnam china taiwan thailand and mexico
now it's an industry with lots of competition pushing prices down but vizio has done pretty well
their focus going forward will be on their smartcast operating system as that will act
as a portal for getting commissions for signups to other string services and also
for advertising revenue looking at some of their key business metrics as far as smart tv shipments
they increased from 5.9 million in 2019 up to 7.1 in 2020. they have 12.2 smart cast active accounts
and that's up from 7.6 in 2019 and then their smart cast average revenue per user increased from
7.31 cents in 2019 up to 12.99 in 2020. and as far as their financials in 2020 they had two just over
two billion dollars in total revenue that's up from 1.8 in 2019 and then their net income was
up to 102 million dollars in 2020 and that's way up from 23 million in 2019 the vizio ipo
looks to happen on the 24th with pricing expected to come between 21 to 23 dollars the stock would
then begin trading on thursday under the ticker vzio moving on we have cricut which is a crafting
machine maker and that company plans to raise 322 million dollars at a 4.7 billion dollar market cap
cricut has designed and built a creativity platform that enables a community of 4.3 million
users to turn ideas into professional looking handmade goods with connected machines design
apps and accessories and materials users create everything from personalized birthday cards mugs
and t-shirts to large-scale interior decorations and more their cloud-based software enables the
company to update the functionality and features of existing physical and digital products and to
release new products that seamlessly integrate with our platform being that their software is
cloud-based users can access and work on their projects anywhere at any time across any desktop
or mobile device their portfolio of connected machines cut write score and create decorative
effects using a wide variety of materials including paper vinyl leather among others
their machines are designed for a wide range of uses and available at a variety of price points
the company generates revenue from the sales of connected machines subscriptions and accessories
and materials they sell their products to brick and mortar retail partners including hobby lobby
uh the home shopping network joanne michaels target and walmart as well as through their online
channels such as amazon and cricut.com benefiting from the pandemic in 2020 cricket had nearly
1.2 million paid subscribers as of the end of september and his total community of users grew
66 percent year over year as to some financials their total revenue increased from 487 million
dollars in 2019 and it increased to 959 million in 2020 and that represents 97 year-over-year growth
now like vizio cricut is also profitable with net income coming in at 155 million dollars in 2020
and that's up from 39 million dollars in 2019 and that's a 294 percent year-over-year growth
again they reaped a lot of rewards from crafting at home during the pandemic the cricut ipo
suffered the 24th with pricing expected to come between 20 and 22 dollars the cricut stock will
then trade on thursday under this ticker's crct up next we have thredup who is a second-hand fashion
platform that plans to raise 156 million dollars at a 1.4 billion dollar market cap
thredup is one of the world's largest online resale platforms for women's and
kids apparel shoes and accessories according to the company their custom-built operating platform
is powering the rapidly emerging resale economy the fastest growing sector in retail according to
the global data market survey as of december 31st the company had 1.24 million active buyers and 428
000 active sellers thredup's platform consists of distributed processing infrastructure
proprietary software and systems and data science expertise since their founding in
2009 the company has processed over 100 million unique second-hand items from 35 000 brands across
100 categories saving their buyers an estimated 3.3 billion dollars of estimated retail prices
as far as thredup's financials revenue came in at 186 million dollars in 2020
and that was up 14 over 2019 and then their net loss increased from 38.2 million dollars in 2019
up to point 47.9 million in twenty twenty thredup ipo looks to happen on thursday with the pricing
expected to come between twelve to fourteen dollars thread up stock would then trade under
the ticker tdup on friday last but not least we have digitalocean ipo the company plans to raise
751 million dollars at a 5.6 billion market cap digitalocean is a leading cloud computing platform
offering on-demand infrastructure and platform tools for developers startups and small and
medium-sized businesses digitalocean was founded with the guiding principle that the transformative
benefits of the cloud should be easy to leverage broadly accessible and reliable and affordable
the platform simplifies cloud computing enabling customers to rapidly accelerate innovation and
increase the productivity and agility over five hundred seventy thousand individual business
customers currently use a platform to build deploy and scale software applications users include
software engineers researchers data scientists system administrators students and hobbyists
their customers use the platform in areas such as web and mobile applications website
hosting e-commerce media and gaming personal web projects and managed services among many others
they believe that their focus on simplicity community open source and customer support are
the four key differentiators of their business driving a broad range of customers around the
world to build their applications on the platform the number of customers grew to approximately 573
000 as of december 31st 2020 and that's up from approximately 500 2 000 as of december 31st 2018.
their customers are spread out over 185 countries and around two-thirds of the
revenue has historically come from customers located outside of the u.s as far as some market
opportunity numbers the infrastructure as a service and platform as the service markets
are two of the largest and fastest growing markets across all industries according to
idc these combined infrastructures of service and platform as a service markets are expected to grow
to 115 billion dollars in 2024 representing a 27 compound annual growth rate as for some of the
financials for digitalocean the revenue increased from 254.8 million dollars in 2019 up to 318.4
million dollars in 2020 representing growth of 25 their net loss attributable to common stockholders
was 40.4 million dollars in 2019 and that increased to 43.6 million in 2020.digitalocean
ipo is set for tuesday with pricing of digitalocean stock to come between 44 and 47
stock would then begin trading on wednesday under the ticker docn
all right so that's this week's list are you looking to buy any of these companies if you are
let me know in the comments again the ones with the most interest do tend to get that extra video
so anyways i hope you enjoyed the video and if you did please push that like button and
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for now i wish you guys a good week of trading and until next time have a great day