{"id":14261,"date":"2020-08-07T16:43:41","date_gmt":"2020-08-07T20:43:41","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=14261"},"modified":"2020-08-07T17:49:47","modified_gmt":"2020-08-07T21:49:47","slug":"08-03-20-08-07-20-ipo-summary","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/08-03-20-08-07-20-ipo-summary\/","title":{"rendered":"Weekly IPO Summary: BigCommerce Sails, Rackspace Fails &#038; Rocket Shoots Higher in Trading"},"content":{"rendered":"<p><!--more--><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-14262\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture.jpg\" alt=\"\" width=\"1657\" height=\"257\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture.jpg 1657w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture-600x93.jpg 600w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture-300x47.jpg 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture-1024x159.jpg 1024w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture-768x119.jpg 768w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture-1536x238.jpg 1536w\" sizes=\"(max-width: 1657px) 100vw, 1657px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">It was another week of record-setting IPO performance and wild trading activity that set the whole market \u201cabuzz\u201d. And this included <\/span><b>winners and losers<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.58-AM.png\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-14123\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.58-AM-300x69.png\" alt=\"\" width=\"300\" height=\"69\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.58-AM-300x69.png 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.58-AM.png 399w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The BIG winner\u2026 was the <\/span><b>BigCommerce Holdings, Inc (BIGC)<\/b><span style=\"font-weight: 400;\"> IPO\u2026.which priced 9.02mm shares at $24.00 ($1 above upwardly revised range) and<\/span><b> opened at $68.00 for a gain of 183.3% at first trade. <\/b><span style=\"font-weight: 400;\">And the fireworks continued as BIGC traded as high as $93.99 in its opening session before closing at $72.27 on day one (201% gainer). BIGC traded as high as $104.00 in its second session for a top-tick of 333.3% above the issue price.<\/span><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.58.04-AM.png\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-14127\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.58.04-AM-300x91.png\" alt=\"\" width=\"300\" height=\"91\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.58.04-AM-300x91.png 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.58.04-AM.png 340w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The largest deal of the week, <\/span><b>Rocket Companies Inc (RKT), <\/b><span style=\"font-weight: 400;\">priced a downsized deal, 100.0mm shares, at $18.00 ($2.00 below range) and<\/span><b> opened at $18.00. <\/b><span style=\"font-weight: 400;\">Traders took it from there as RKT closed its opening session at $21.51 for a gain of 19.5% on day one. The stock gapped up in its opening session on day two and traded as high as $26.85.<\/span><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.45-AM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-14126\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.45-AM-300x121.png\" alt=\"\" width=\"300\" height=\"121\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.45-AM-300x121.png 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.45-AM.png 384w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture.jpg\"><br \/>\n<\/a><\/p>\n<p><b>Oak Street Health, Inc. (OSH) <\/b><span style=\"font-weight: 400;\">performed as expected &#8212; very strong. The company<\/span> <span style=\"font-weight: 400;\">priced a full-size deal, 15.6mm shares, at $21.00 ($1.00 above the upwardly-revised range) and<\/span><b> opened at $42.50 for a gain of 102.4% at first trade.<\/b><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.28-AM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-14122\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.28-AM.png\" alt=\"\" width=\"289\" height=\"80\" \/><\/a><\/p>\n<p><b>Acutus Medical Inc (AFIB) <\/b><span style=\"font-weight: 400;\">priced 8.8mm shares (upsized from 7.35mm) at $18.00 (high end of range) and <\/span><b>opened at $24.11 for a gain of 33.9% at first trade.<\/b><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.11-AM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-14124\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.11-AM-300x99.png\" alt=\"\" width=\"300\" height=\"99\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.11-AM-300x99.png 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.11-AM.png 337w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The big LOSER of the week was the disaster from a PE-backed company, <\/span><b>Rackspace Technology Inc (RXT). <\/b><span style=\"font-weight: 400;\">The Apollo backed offering<\/span> <span style=\"font-weight: 400;\">priced a full size deal, 33.5mm shares, at the low end of the range, $21.00, and opened at <\/span><b>$16.85 for a loss of 19.8% at first trade. <\/b><span style=\"font-weight: 400;\">The stock continued to be under <\/span><b>heavy selling pressure<\/b><span style=\"font-weight: 400;\"> and hit new lows during its second and third sessions on Friday.\u00a0<\/span><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.09-AM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-14121\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.56.09-AM.png\" alt=\"\" width=\"198\" height=\"68\" \/><\/a><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Capture.jpg\"><br \/>\n<\/a><\/p>\n<p><b>Freeline Therapeutics Holdings plc (FRLN) <\/b><span style=\"font-weight: 400;\">priced 8.8mm ADSs (upsized from 7.35mm ADS) at $18.00 (high-end of the range) and<\/span><b> opened at $18.50 for a gain of 2.8% at first trade.<\/b><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.55.56-AM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-14120\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.55.56-AM-300x91.png\" alt=\"\" width=\"300\" height=\"91\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.55.56-AM-300x91.png 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.55.56-AM.png 323w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><b>Checkmate Pharmaceuticals, Inc. (CMPI ) <\/b><span style=\"font-weight: 400;\">priced a full size deal, 5.0mm shares, at the midpoint of the range, $15.00, and<\/span><b> opened at $14.90 for a loss of 0.7% at first trade.<\/b><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.32-AM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-14125\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-03-at-8.57.32-AM.png\" alt=\"\" width=\"259\" height=\"108\" \/><\/a><\/p>\n<p><b>IBEX Holdings Limited (IBEX) <\/b><span style=\"font-weight: 400;\">priced a full-size deal, 4.76mm shares, at $19.00 ($1 below range) and opened at $18.00 for <\/span><b>a loss of 5.3% at first trade.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead to this week, <\/span><b>there are three IPOs currently on the calendar<\/b>.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>DEBUTING THURSDAY, 8\/13<\/strong><\/span><\/p>\n<p><b>KE Holdings Inc. (BEKE) &#8212; <\/b><span style=\"font-weight: 400;\">Beike is the leading integrated online and offline platform for housing transactions and services.<\/span><\/p>\n<p><b>NETSTREIT Corp. (NTST) &#8212; <\/b>T<span style=\"font-size: 1rem;\">hey are an internally-managed real estate company that acquires, owns and manages a diversified portfolio of single-tenant, retail commercial real estate subject to long-term net leases with high credit quality tenants across the United States.\u00a0<\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><strong>DEBUTING FRIDAY, 8\/14<\/strong><\/span><\/p>\n<p><b>Duck Creek Technologies, Inc. (DCT) &#8212; <\/b><span style=\"font-weight: 400;\">\u00a0They are the leading Software-as-a-Service (SaaS) provider of core systems for the P&amp;C insurance industry.<\/span><\/p>\n<hr \/>\n<p>For IPO Boutique Research, Ratings and Commentary on the offerings, try us out:<strong><a href=\"http:\/\/www.ipoboutique.com\/blog\/register\/\"> http:\/\/www.ipoboutique.com\/blog\/register\/<\/a><\/strong><\/p>\n<p><em>IPO Boutique: Indicate with Confidence.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":14128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24,2058,1536],"tags":[2170,2171,2172,2173,1487,2174,2176,2175],"class_list":["post-14261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-spotlight","category-subscriber-content","tag-afib","tag-bigc","tag-cmpi","tag-frln","tag-ibex","tag-osh","tag-rkt","tag-rxt"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/14261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=14261"}],"version-history":[{"count":5,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/14261\/revisions"}],"predecessor-version":[{"id":14269,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/14261\/revisions\/14269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media\/14128"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=14261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=14261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=14261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}