IPO Terms Company: AirbnbProposed Symbol: ABNBExchange: Nasdaq Global SelectExpected IPO Date: 12/10/20CEO:Brian Chesky# of Employees: 5465Offer Amount: $3.4BProposed Share Range: $56-$60Shares Offered: 51.5MEstimated Market Cap: $42B Lead Underwriter(s): Morgan Stanley, Goldman Sachs, Allen & Company, BofA Securities, Barclays Capital VC/PE Investors Individuals: Jeff Bezos, Ashton Kutcher, Keith Rabois, Oliver JungFirms: Continue Reading
DoorDash IPO
IPO Terms Company: DoorDashProposed Symbol: DASHExchange: NYSEExpected IPO Date: 12/9/20CEO: Tony Xu# of Employees: 3279Offer Amount: $3.1BProposed Share Range: $90-$95Shares Offered: 33MEstimated Market Cap: $39B Company Overview “We founded DoorDash to be a merchant-first business. We enable local brick-and-mortar businesses to thrive in an increasingly convenience-driven economy with rapidly evolving consumer expectations.” Continue Reading
C3.ai Pre-IPO Profile
IPO Terms Company: C3.aiProposed Symbol: TBDExchange: NYSEExpected IPO Date: 12/9/20CEO: Thomas Siebel# of Employees: 482Offer Amount: $606MProposed Share Range: $31-$34Shares Offered: 15.5MEstimated Market Cap: $3.6B Company Overview “C3.ai is an Enterprise AI software company. We provide software-as-a-service, or SaaS, applications that enable the rapid deployment of enterprise-scale AI applications of Continue Reading
NeoGames IPO Profile
IPO TermsCompany: NeoGamesProposed Symbol: NGMSExchange: Nasdaq GlobalCEO: Moti Malul# of employees: 144 (as of 9/30/20)Offer amount: $81.7 mmProposed Share Range: $14-$16Shares Offered: 4.8 mmEstimated Market Cap: $538.5 mmState of Inc: DE Company Overview: “We are a technology-driven business that is an innovator in the lottery industry. As a global B2G Continue Reading
Snowflake Inc. Pre-IPO Profile
IPO Terms: Company: SnowflakeProposed Symbol: SNOWExchange: NYSEExpected IPO Date: 9/16/20CEO: Frank Slootman# of Employees: 1400 Offer Amount: $2.24 bnProposed Share Range: $75-$85Shares Offered: 28 mmEstimated Market Cap: $22.3 bn Company Overview: “We believe in a data connected world where organizations have seamless access to explore, share, and unlock the value Continue Reading
XPENG Pre-IPO Profile
IPO Terms: Company: XPENG Proposed Symbol: XPEV Exchange: NYSE Expected IPO Date: 8/26/20 CEO: Xiaopeng He # of employees (as of 6/30/20): 3676 Offer Amount: $1.27 bn Proposed Share Price Range: $11-$13 Shares Offered: 85 mm Shares Outstanding: 931.5 mm Prospectus Summary (S-1): “Mission Driving Smart EV transformation with Continue Reading
Quhuo Ltd. Pre-IPO Profile
IPO Terms: Company: Quhuo Limited Proposed Symbol: QH Exchange: Nasdaq Global Expected IPO Date: 7/10/20 CEO: Leslie Yu # of employees (as of 12/31/19): 551 Offer Amount: $34.1 mm Proposed Share Price Range: $9-$11 Shares Offered: $2.7 mm Prospectus Summary (S-1): “Our mission is to enable on-demand consumer Continue Reading
Pershing Square Tontine Holdings, Ltd. S-1 Analysis
Pershing Square Tontine Holdings, Ltd. S-1 Analysis Renowned activist investor, Bill Ackman, is gearing up to spearhead the largest SPAC IPO to date. Here are the key points from the SPAC’s S-1 statement filed earlier this week: IPO Terms: Company: Pershing Square Tontine Holdings, LTD CEO: William Ackman Continue Reading
Reverse Mergers
The Rise of SPACs Have you ever wondered how ordinary investors can partake in private equity-esque transactions in the public market? The answer is SPACs. The aforementioned acronym stands for Special Purpose Acquisition Company, which is a publicly traded company designed to locate a “target” company with hopes of Continue Reading
Vroom, Inc. Pre-IPO Profile
Vroom, Inc Pre-IPO Profile IPO Terms: Company: Vroom, Inc Proposed Symbol: VRM Exchange: Nasdaq Global Expected IPO Date: 6/11/20 CEO: Paul J. Hennessy # of employees (as of 3/31/30): 800 Offer Amount: $431.25 mm Proposed Price Range Per Share: $18-$20 Shares Offered: 21.5 mm Estimated Market Cap: $2.25 bn Continue Reading