IPO Calendar: Initial Public Offerings October 2020
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.
Here are October 2020 Initial Public Offerings. This IPO calendar will be updated on-going so bookmark this page for future reference.
|Oct 28, 2020||Atlas Crest Investment Corp. (ACICU)||$10||50-million||$500-million|
|Oct 28, 2020||Biodesix (BDSX)||$17-$19||4.1-million||$70.8-million|
|Oct 28, 2020||Gatos Silver (GATO)||$7-$9||18.75-million||$131.2-million|
|Oct 28, 2020||Roman Tech Acquisition Corp. (DBDRU)||$10||27.5-million||$275-million|
|Oct 28, 2020||MediaAlpha (MAX)||$18-$20||9.25-million||$166.5-million|
|Oct 28, 2020||Root (ROOT)||$22-$25||24.16-million||$531.6-million|
|Oct 29, 2020||Mavenir (MVNR)||$20-$24||13.63-million||$272.7-million|
|Oct 29, 2020||Allegro Microsystems, Inc. (ALGM)||$12-$14||25-million||$325-million|
|Oct 29, 2020||Galecto, Inc. (GLTO)||$14-$16||5.7-million||$85.5-million|
|Oct 29, 2020||Leslie’s, Inc. (LESL)||$14-$16||40-million||$600-million|
|Oct 29, 2020||AmeriHome, Inc. (AHM)||$16-$18||14.7-million||$249.9-million|
|Oct 29, 2020||Caliber Home Loans, Inc. (HOMS)||$14-$16||23-million||$345-million|
|Oct 30, 2020||Lufax Holding Ltd (LU)||$11.50-$13.50||175-million||$2.187-billion|
|Oct 30, 2020||ATEA Pharmaceuticals, Inc. (AVIR)||$22-$24||11-million||$253-million|
|Oct 30, 2020||New Beginnings Acquisition Corp. (NBA.U)||$10||10-million||$100-million|
|Oct 30, 2020||SQZ Biotechnologies Company (SQZ)||$16-$18||4.4-million||$74.8-million|
|Oct 30, 2020||Inhibikase Therapeutics (IKT)||$10-$12||2.3-million||$25.3-million|
We’ll be updating for November, December, and then for 2021 as dates are announced.
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.