{"id":14623,"date":"2020-09-09T08:28:51","date_gmt":"2020-09-09T12:28:51","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=14623"},"modified":"2020-09-09T08:28:51","modified_gmt":"2020-09-09T12:28:51","slug":"ipo-boom-snowflake-among-eleven-deals-to-price-next-week","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/ipo-boom-snowflake-among-eleven-deals-to-price-next-week\/","title":{"rendered":"IPO Boom! Snowflake among eleven (!) deals to price next week"},"content":{"rendered":"

Bankers wasted no time painting the post-Labor Day syndicate picture. Seven IPOs launched on Tuesday and another four followed on Wednesday morning. The biggest cash raise of the group, Snowflake Inc, is scheduled to price 28.0mm shares at a wide $75-$85 range.<\/p>\n

For IPO Boutique Research, Ratings and Commentary on all traditional IPO offerings (not direct listings), try us out: http:\/\/www.ipoboutique.com\/blog\/register\/<\/a><\/strong><\/p>\n

IPO Boutique: Indicate with Confidence.<\/em><\/p>\n

\n

\"\"<\/a><\/p>\n

Company: Sumo Logic, Inc.
\nSymbol: SUMO
\nDescription: Sumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing.
\nShares: 14.8 million
\nPrice Range: $17.00-$21.00
\nMarket Cap: $1.68b-$2.07b
\nTrade Date: Thursday, 9\/17
\nUnderwriter(s): Morgan Stanley, JP Morgan, RBC Capital Markets, Jefferies
\nCo-Manager(s): William Blair, Cowen, Piper Sandler, BTIG
\nFiled: 8-24-20
\nTerms Added: 9-8-20<\/p>\n

Company: Pactiv Evergreen Inc
\nSymbol: PTVE
\nDescription: They are the largest manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America (as measured by revenue).
\nShares: 41.0 million
\nPrice Range: $18.00-$21.00
\nMarket Cap:$3.16b-$3.68b
\nTrade Date: Thursday, 9\/17
\nUnderwriter(s): Credit Suisse, Citigroup, BofA Securities, Goldman Sachs
\nCo Managers: Baird, BMO Capital, Deutsche Bank, RBC Capital, HSBC, Academy Securities, Loop Capital, Rabo Securities, Ramirez & Co., Siebert Williams Shank
\nFiled: 8-24-20
\nTerms Added: 9-8-20<\/p>\n

Company: Snowflake Inc.
\nSymbol: SNOW
\nDescription: They believe in a data connected world where organizations have seamless access to explore, share, and unlock the value of data. To realize this vision, they are pioneering the Data Cloud, an ecosystem where Snowflake customers, partners, and data providers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways.
\nShares: 28 million
\nPrice Range: $75.00-$85.00
\nTrade Date: Wednesday, 9\/16
\nMarket Cap: $20.9bn-$$23.7bn
\nUnderwriter(s): Goldman Sachs, Morgan Stanley, JP Morgan, Allen & Co., Citigroup, Credit Suisse, Barclays, Deutsche Bank, Mizuho Securities, Trust Securities
\nCo-Manager(s): BTIG, Canaccord Genuity, Capital One Securities, Cowen, DA Davidson, JMP Securities, Oppenheimer, Piper Sandler, Stifel, Academy Securities, Loop Capital, Ramirez & Co., Siebert Williams Shank
\nTerms Added: 9-8-20<\/p>\n

Company: Vitru Limited
\nSymbol: VTRU
\nDescription: They are the leading pure distance learning education group in the postsecondary digital education market in Brazil.
\nShares: 11,230,126 million
\nPrice Range: $22.00-$24.00
\nMarket Cap: $507m-$553m
\nTrade Date: Thursday, 9\/17
\nUnderwriter(s): Goldman Sachs, BofA Securities, Itau BBA, Morgan Stanley, Bradesco BBI, BTG Pactual, Credit Suisse, Santander, XP Investimentos
\nFiled: 8-24-20
\nTerms Added: 9-8-20<\/p>\n

Company: JFrog Ltd.
\nSymbol: FROG
\nDescription: They provide an end-to-end, hybrid, universal DevOps Platform to achieve Continuous Software Release Management, or CSRM.
\nShares: 11,568,218 million
\nMarket Cap: $2.93b-$3.28b
\nTrade Date: Wednesday, 9\/16
\nUnderwriter(s): Morgan Stanley, J.P. Morgan, BofA Securities
\nCo-Manager(s): Keybanc Capital Markets, Piper Sandler, Stifel, William Blair, Oppenheimer & Co., Needham & Company
\nFiled: 8-24-20
\nTerms Added 9-8-20<\/p>\n

Company: Broadstone Net Lease Inc.
\nSymbol: BNL
\nDescription: They are an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants.
\nShares: 33.5 million
\nPrice Range: $17.00-$19.00
\nMarket Cap: $2.4b-$2.7b
\nTrade Date: Thursday, 9\/17
\nUnderwriter(s): J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities, Truist Securities
\nCo-Manager(s): Regions Securities, BTIG, KeyBanc Capital Markets Ramirez & Co., Inc.
\nTerms Added: 9-8-20<\/p>\n

Company: American Well Corporation
\nSymbol: AMWL
\nDescription: They are a leading telehealth company enabling digital delivery of care for healthcare\u2019s key stakeholders.
\nShares: 35 million
\nPrice Range: $14.00-$16.00
\nMarket Cap: $3.08b-$3.52b
\nTrade Date: Thursday 9\/17
\nUnderwriter(s): Morgan Stanley, Goldman Sachs, Piper Sandler, UBS Investment Bank, Credit Suisse, Cowen, Berenberg
\nFiled: 9-8-20<\/p>\n

Company: Metacrine, Inc.
\nSymbol: MTCR
\nDescription: They are a clinical-stage biopharmaceutical company focused on discovering and developing differentiated therapies for patients with liver and gastrointestinal, or GI, diseases.
\nShares: 6.54 million
\nPrice Range: $12.00-$14.00
\nMarket Cap: $311m-$363m
\nTrade Date: Wednesday, 9\/16
\nUnderwriter(s): Jefferies, Evercore ISI, RBC Capital Markets
\nCo-Manager(s): Canaccord Genuity
\nTerms Added: 9-9-20<\/p>\n

Company: Unity Software, Inc.
\nSymbol: U
\nDescription: They are the world\u2019s leading platform for creating and operating interactive, real-time 3D content.
\nShares: 25 million
\nPrice Range: $34.00-$42.00
\nMarket Cap: $9.0b-$11.1b
\nTrade Date: Friday, 9\/18
\nUnderwriter(s): Goldman Sachs, Credit Suisse, BofA Securities, Barclays, William Blair
\nCo-Manager(s): Oppenheimer, Piper Sandler, Stifel, Wedbush Securities, Academy Securities, Siebert Williams Shank
\nTerms Added: 9-9-20<\/p>\n

Company: Outset Medical, Inc.
\nSymbol: OM
\nDescription: They are a rapidly growing medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis.
\nShares: 7.6 million
\nPrice Range: $22.00-$24.00
\nMarket Cap: $871m-$950m
\nTrade Date: Wednesday 9\/16
\nUnderwriter(s): BofA Securities, Morgan Stanley, Goldman Sachs, SVB Leerink, Stifel
\nTerms Added: 9-9-20<\/p>\n

Company: StepStone Group Inc.
\nSymbol: STEP
\nDescription: They are a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients.
\nShares: 17.5 million
\nPrice Range: $15.00-$17.00
\nTrade Date: Wednesday, 9\/16
\nMarket Cap: $1.4b-$1.6b
\nUnderwriter(s): J.P. Morgan, Goldman Sachs, Morgan Stanley, Barclays, UBS Investment Bank
\nTerms Added: 9-9-20<\/p>\n","protected":false},"excerpt":{"rendered":"

Bankers wasted no time painting the post-Labor Day syndicate picture.<\/p>\n","protected":false},"author":4,"featured_media":14624,"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":[2058,1536],"tags":[],"class_list":["post-14623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spotlight","category-subscriber-content"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/14623","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=14623"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/14623\/revisions"}],"predecessor-version":[{"id":14626,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/14623\/revisions\/14626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media\/14624"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=14623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=14623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=14623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}