IPO Calendar: Initial Public Offerings November 2020

IPO Calendar
Credit: Tumisu / Pixabay

If you’re on the look-out for early investment opportunities, this 2020 IPO calendar covering all upcoming Initial Public Offerings could be of great use when plotting what future stock to watch.

First things first…

What is an Initial Public Offering (IPO)?

An Initial public offering is effectively a new stock being made available on one or more exchanges. Think of it as a new product hitting store shelves or a new restaurant opening. Like with some products or restaurants, some IPO’s are more seductive at launch than others.

Why do company’s issue an IPO?

An IPO is an ideal way for a company to raise capital, whether it be for growth or for owners to sell stakes. Regardless of the reasons, it usually means that the company has reached a point where new investment is needed to move forwards.

When is the Airbnb IPO?

On November 5, 2020, Reuters reported that Airbnb, Inc. planned to make its IPO registration public between November 9 and 13. If true, it means the Airbnb IPO should make its debut in December.

CHECK OUT: Our guide to stock market holidays (remember to bookmark the post as we’ll be updating for 2021 soon).

Here are some of the upcoming November 2020 Initial Public Offerings. This IPO calendar will be updated on-going so bookmark this page for future reference.

Nov 30, 202017 Education & Technology Group (YQ)$9.50-$10.5027.4-million$260.3-million
Nov 30, 2020Seaport Global Acquisition Corp. (SGAMU)$1012.5-million$125-million

We’ll be updating for December, and then for 2021 as dates are announced.

CHECK OUT: Super volatile stocks to watch for the investor who likes risk.

2020 IPOs We’re Waiting For (In Order Of Interest)

  • AirBNB: A rumored IPO date of December 2020 with a target of $3-billion capital to raise. This is one of the top IPOs to look out for in 2020.
  • DoorDash: During COVID-19 DoorDash has surged to become the market leader in fast-food delivery across the U.S. It filed with the SEC in February 2020, so unless its delaying the IPO, we could see fresh news over the coming months. Regardless, with 45-percent of the delivery market in its back-pocket, expect a lively IPO once it launches.
  • Cole Haan: We’re still waiting for shoemaker extraordinaire Cole Haan to hit the trade market. The ambition pre-COVID-19 lockdown was $100-million in capital from an IPO, however after a bunch of delays, who knows what the future holds for this possible 2020 IPO launch.

October 2020 IPO To Watch: FuboTV (FUBO)

  • With 15-million shares of common stock on offer and a price estimated between $9-$11 each, FuboTV could possibly raise $135-to-$165-million for their live sports platform.
  • Normally a company like FuboTV would be snapped up by a media company, but the fact they’re going the IPO route shows intent.
  • The company’s financial forecast is expected to show a Q3 revenue of $54-million, which would represent 30% year-over-year growth.
  • Plus, and more significantly, the company would have an above-estimate 380,000 paid subscribers on its books.
  • Simply put, everything points in FuboTV’s favor. The continued pandemic has made streaming more popular than ever, the service has the most comprehensive sports package available, offering 50,000 live events yearly. Plus companies like fuboTV rarely go public, so FUBO might be a hot commodity when it becomes available. It is definitely one to watch.

September 2020 IPO To Continue Watching: Asana, Inc. (ASAN)

  • Asana, Inc. has been a market-leading SaaS in the project management sector for a decade (company launched in 2008).
  • The company’s SaaS is used by majors including AT&T, Google, NASA, and more. Over 75,000 companies use Asana – with the service having 1.2-million paid accounts and climbing.
  • Asana, Inc. ranked #17 in this year’s Forbes Cloud 100. This showcases the world’s top private cloud-computing companies and Asana, Inc. was up 24 spots since 2019.
  • In the company’s most recent financials, they recorded 71% Year-over-Year revenue growth but also saw an increase in losses. Rising from $50.9 million in 2019 to $118.6 million in 2020. This expenditure has been caused by research and development, plus user acquisition growth.
  • The major question mark surrounding Asana, Inc. is whether the project management sector is too oversaturated. Meaning the company’s recent expenditure on research and development, and user-acquisition has to continue.

CHECK OUT: 10 stocks to watch if you’re on a budget of $10 and less.