{"id":16257,"date":"2020-11-30T08:33:05","date_gmt":"2020-11-30T13:33:05","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=16257"},"modified":"2020-11-30T08:37:25","modified_gmt":"2020-11-30T13:37:25","slug":"post-thanksgiving-ipo-launch-party","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/post-thanksgiving-ipo-launch-party\/","title":{"rendered":"Post-Thanksgiving IPO Launch Party: DoorDash sets terms; Seeking $27bn Valuation"},"content":{"rendered":"

It was a busy Monday morning for the IPO market as more-than-a-handful of companies set terms for its IPO. The most high-profile of the bunch is DoorDash who will be selling 33.0mm shares at $75-$85 and debut on Wednesday (12\/9)<\/strong>. The most high-profile deal of December, Airbnb Inc., is rumored to officially launch its IPO on Tuesday.\u00a0<\/strong><\/p>\n

\n

Company: Kinnate Biopharma Inc.
\nSymbol: KNTE
\nDescription: They are a biopharmaceutical company focused on the discovery and development of small molecule kinase inhibitors for difficult-to-treat, genomically defined cancers.
\nShares: 10 million
\nPrice Range: $16.00-$18.00
\nMarket Cap: $632m-$712m
\nTrade Date: Thursday, 12\/3
\nUnderwriter(s): Goldman Sachs, SVB Leerink , Piper Sandler
\nCo-Manager(s): Wedbush PacGrow
\nTerms Added: 11-30-20<\/p>\n

Company: Seer, Inc..
\nSymbol: SEER
\nDescription: They aim to enable exceptional scientific outcomes by commercializing transformative products for researchers to unlock deep, unbiased biological information.
\nShares: 8.825 million
\nPrice Range: $16.00-$18.00
\nMarket Cap: $935m-$1.05b
\nTrade Date: Friday, 12\/4
\nUnderwriter(s): J.P. Morgan, Morgan Stanley, BofA Securities, Cowen
\nTerms Added: 11-30-20<\/p>\n

Company: Sigilon Therapeutics, Inc.
\nSymbol: SGTX
\nDescription: They are a clinical-stage biotechnology company pioneering a new class of therapeutics and seeking to develop functional cures for patients with chronic diseases by providing stable and durable levels of therapeutic molecules to patients.
\nShares: 5.6 million
\nPrice Range: $17.00-$19.00
\nMarket Cap: $490m-$547m
\nTrade Date: Friday, 12\/4
\nUnderwriter(s): Morgan Stanley, Jefferies, Barclays, Canaccord Genuity
\nTerms Added: 11-30-20<\/p>\n

Company: Silverback Therapeutics, Inc..
\nSymbol: SBTX
\nDescription: They are a clinical-stage biopharmaceutical company with one product candidate in a Phase 1\/1b clinical trial, and they are focused on leveraging their proprietary ImmunoTAC technology platform to develop systemically delivered, tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases.
\nShares: 6.95 million
\nPrice Range: $17.00-$19.00
\nMarket Cap: $485m-$542m
\nTrade Date: TBD
\nUnderwriter(s): Goldman Sachs, SVB Leerink, Stifel
\nCo-Manager(s): H.C. Wainwright & Co.
\nTerms Added: 11-30-20<\/p>\n

Company: DoorDash, Inc..
\nSymbol: DASH
\nDescription: They enable local brick-and-mortar businesses\u2014which are fundamental to the vitality of local economies and communities\u2014to thrive in an increasingly convenience-driven economy with rapidly evolving consumer expectations.
\nShares: 33 million
\nPrice Range: $75.00-$85.00
\nMarket Cap: $23.8b-$27.0b
\nTrade Date: Wednesday, 12\/9
\nUnderwriter(s): Goldman Sachs, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital, UBS Investment Bank
\nCo-Manager(s): Mizuho Securities, JMP Securities, Needham, Oppenheimer, Piper Sandler, William Blair
\nTerms Added: 11-30-20<\/p>\n

Company: PubMatic, Inc.
\nSymbol: PUBM
\nDescription: Their company provides a specialized cloud infrastructure platform that enables real-time programmatic advertising transactions.
\nShares: 5.9 million
\nPrice Range: $16.00-$18.00
\nMarket Cap: $765m-$861m
\nTrade Date: Wednesday, 12\/9
\nUnderwriter(s): Jefferies, RBC Capital Markets
\nCo-Managers: JMP Securities, KeyBanc Capital Markets, Oppenheimer, Raymond James
\nTerms Added: 11-30-20<\/p>\n

Company: C3.ai, Inc.
\nSymbol: AI
\nDescription: They provide software-as-a-service, or SaaS, applications that enable the rapid deployment of enterprise-scale AI applications of extraordinary scale and complexity that offer significant social and economic benefit.
\nShares: 15.5 million
\nPrice Range: $31.00-$34.00
\nMarket Cap: $3.0b-$3.3b
\nTrade Date: Wednesday, 12\/9
\nUnderwriter(s): Morgan Stanley, JP Morgan, BofA Securities, Deutsche Bank
\nCo-Manager(s): Canaccord Genuity, JMP Securities, KeyBanc Capital, Needham, Piper Sandler
\nTerms Added: 11-30-20<\/p>\n

\n

Launched on Friday<\/em><\/p>\n

Company: 17 Education & Technology Group Inc.
\nSymbol: YQ
\nDescription: They are a leading education technology company in China with an \u201cin-school + after-school\u201d integrated model.
\nShares: 27.4 million ADSs
\nPrice Range: $9.50-$11.50
\nMarket Cap: $900m-$1.1b
\nTrade Date: Week of 11\/30
\nUnderwriter(s): Goldman Sachs, Morgan Stanley, BofA Securities
\nTerms Added: 11-27-20<\/p>\n","protected":false},"excerpt":{"rendered":"

It was a busy Monday morning for the IPO market as more-than-a-handful of companies set terms for its IPO. The most high-profile of the bunch is DoorDash who will be selling 33.0mm shares at $75-$85 and debut on Wednesday (12\/9). The most high-profile deal of December, Airbnb Inc., is rumored to officially launch its IPO[…]<\/p>\n","protected":false},"author":4,"featured_media":12986,"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-16257","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\/16257","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=16257"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/16257\/revisions"}],"predecessor-version":[{"id":16260,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/16257\/revisions\/16260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media\/12986"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=16257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=16257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=16257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}