{"id":22818,"date":"2021-11-11T14:06:44","date_gmt":"2021-11-11T19:06:44","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=22818"},"modified":"2021-11-30T10:12:10","modified_gmt":"2021-11-30T15:12:10","slug":"calendar-rivian-in-rear-view-mirror-ipo-market-readies-for-final-week-before-holiday","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/calendar-rivian-in-rear-view-mirror-ipo-market-readies-for-final-week-before-holiday\/","title":{"rendered":"CALENDAR: Rivian in Rear-View Mirror, IPO Market readies for final week before holiday"},"content":{"rendered":"<p><!--more--><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The IPO market put the year&#8217;s largest deal, <strong>Rivian Automotive Group (RIVN)\u00a0<\/strong>behind them with big profits. <strong>Rivian Automotive, Inc. \u00a0<\/strong>priced<strong> 153.0mm<\/strong> (upsized from 135.0mm) <strong>at $78.00<\/strong> ($4 Above the upwardly-revised $72-$74 range) raising $11.9b with the stock<strong>\u00a0opening at $106.75 for a gain of 36.9% at first trade.\u00a0<\/strong><\/span><\/p>\n<div>Rivian\u2019s successful IPO is a direct result of going public at the exact right time. Sector sentiment and direct comps have been trading with strength. Combine this with backing from Amazon and Ford with anchor orders from large funds and the result is one of the best transactions of the year.<\/div>\n<div><\/div>\n<div>\n<p>In what has been a robust year for IPOs, the underwriters deserve all the superlatives with what was at stake as the largest deal of the year. The underwriters and Rivian management worked together to effectively price and place this deal to the satisfaction of all parties.<\/p>\n<p>From a valuation perspective, this was always a \u201cconcept play\u201d and the next challenge for Rivian will be meeting production goals.<\/p>\n<\/div>\n<div><\/div>\n<div>Looking ahead to this week, there are currently six deals on the schedule. \u00a0<strong>Will the IPO market finish November strong ahead of the Thanksgiving holiday break?<\/strong><\/div>\n<hr \/>\n<p><b><\/b><b>Subscribe to IPO Boutique<\/b><span style=\"font-weight: 400;\"> to know which deals are generating the most demand and which offering you should indicate for!<\/span><\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/cgi\/initial-public-offering-pipeline.php\"><i><span style=\"font-weight: 400;\">Check out the IPO Boutique Pipeline Page HERE!\u00a0<\/span><\/i><\/a><\/p>\n<hr \/>\n<p><span style=\"text-decoration: underline;\"><strong>Wednesday (11\/17) Debut<\/strong><\/span><\/p>\n<ul>\n<li><b>Braze Inc (BRZE) &#8212;<\/b> <span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><b>They are a leading comprehensive customer engagement platform that powers customer-centric interactions between consumers and brands. <\/b><span style=\"font-weight: 400;\">The company is <\/span><b>seeking a market cap of $5.0b-$5.4b <\/b><span style=\"font-weight: 400;\">based on the $55-$60 range. \u00a0<\/span><span style=\"font-weight: 400;\">Link to Prospectus: <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1676238\/000119312521322227\/d40379ds1a.htm\"><span style=\"font-weight: 400;\">Terms Added: 11-8-21<\/span><\/a><\/li>\n<li><b>Iris Energy Limited (IREN) &#8212;<\/b><b> They are a Bitcoin mining company. They build, own and operate data center and electrical infrastructure for the mining of Bitcoin primarily powered by renewable energy.<\/b><span style=\"font-weight: 400;\"> The company is<\/span><b> seeking a market cap of $1.4b-$1.5b<\/b><span style=\"font-weight: 400;\"> based on the $25-$27 range. <\/span><span style=\"font-weight: 400;\">Link to Prospectus: <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1878848\/000114036121037102\/ny20000275x7_f1a.htm\"><span style=\"font-weight: 400;\">Terms Added: 11-9-21<\/span><\/a><\/li>\n<li><b>UserTesting Inc (USER) &#8212;<\/b> <span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><b>They have pioneered a video-first, enterprise-grade software-as-a-service (SaaS) platform that enables organizations to see and hear the experiences of real people as they engage with products, designs, apps, processes, concepts, or brands.\u00a0<\/b><span style=\"font-weight: 400;\">Link to Prospectus: <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1557127\/000162828021022100\/usertestingincs-1a2.htm\"><span style=\"font-weight: 400;\">Terms Added: 11-8-21<\/span><\/a><b><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>THURSDAY, 11\/18 DEBUT<\/strong><\/p>\n<ul>\n<li><b>KinderCare Learning Companies, Inc. (KLC) &#8212;<\/b><b> They are the largest private provider of high-quality early childhood education and care services (\u201cECE\u201d) in the United States by center capacity.<\/b><span style=\"font-weight: 400;\"> The company is<\/span><b> seeking a market cap of $2.5b-$3.0b<\/b><span style=\"font-weight: 400;\"> based on the $18-$21 range.\u00a0<\/span><span style=\"font-weight: 400;\">Link to Prospectus: <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1873529\/000119312521322240\/d248386ds1a.htm\"><span style=\"font-weight: 400;\">Terms Added: 11-8-21<\/span><\/a><\/li>\n<li><b>Sweetgreen Inc (SG) &#8212;<\/b><b> They are building the next generation restaurant and lifestyle brand that serves healthy food at scale.<\/b><span style=\"font-weight: 400;\"> The company is<\/span><b> seeking a market cap of $2.5b-$2.7b<\/b><span style=\"font-weight: 400;\"> based on the $23-$25 range. <\/span><span style=\"font-weight: 400;\">Link to Prospectus: <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1477815\/000119312521323700\/d104360ds1a.htm\"><span style=\"font-weight: 400;\">Terms Added: 11-9-21<\/span><\/a><strong style=\"text-decoration: underline; font-size: 1rem;\">) <\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>WEEK OF 11\/15<\/strong><\/p>\n<p><b>Sono Group N.V. (SEV) &#8212;<\/b> <span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><b>They believe they are a pioneer and technological leader in the field of solar-powered electric mobility. <\/b><span style=\"font-weight: 400;\">They focus relentlessly on giving their customers what they want. The company is <\/span><b>seeking a market cap of $967m-$1.1b<\/b><span style=\"font-weight: 400;\"> based on the $14-$16 range. \u00a0<\/span><span style=\"font-weight: 400;\">Link to Prospectus: <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1840416\/000110465921135375\/tm212911-10_f1a.htm\"><span style=\"font-weight: 400;\">Terms Added: 11-8-21<\/span><\/a><\/p>\n<hr \/>\n<p>Indicating for IPOs or Secondary offerings? Place IPO Boutique on your team.<\/p>\n<p><a href=\"https:\/\/www.ipoboutique.com\/blog\/register\/\"><strong>https:\/\/www.ipoboutique.com\/blog\/register\/<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":22820,"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-22818","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\/22818","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=22818"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/22818\/revisions"}],"predecessor-version":[{"id":22821,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/22818\/revisions\/22821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media\/22820"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=22818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=22818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=22818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}