IPOs

13 companies file to list on Monday: IPO market set to explode after Labor Day

The IPO market is in for a busy fall.

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13 new issuers joined the pipeline on Monday, with two more filing on Tuesday. This includes 10 traditional IPOs, one direct listing, and four SPACs. Another three IPOs and one SPAC filed on Friday. Notable names include tech unicorns Snowflake, Unity Software, Asana, JFrog, and Sumo Logic, telehealth platform Amwell, packaging LBO Pactiv Evergreen, and infrastructure software provider Bentley Systems.

These companies are all eligible to launch their roadshows after Labor Day, during the week of September 7.

19 Filings Since Friday Indicate an Active Fall
Issuer
Business
Est. Deal
Size
Sector Lead
Underwriter
Snowflake (SNOW) $2,000M Technology Goldman
Provides cloud-based SQL database software and warehousing.
Unity Software (U) $1,000M Technology Goldman
Provides a real-time 3D video game development platform.
Bentley Systems (BSY) $800M Technology Goldman
Provides software for construction and infrastructure projects.
Pactiv Evergreen (PTVE) $750M Materials Credit Suisse
The largest manufacturer of fresh food and beverage packaging in North America.
Asana (SANA.RC) Direct Listing Technology -
Provides enterprise task management and collaboration software.
Amwell (AMWL) $100M Health Care Morgan Stanley
Provides a telehealth platform for insurers and patients.
JFrog (FROG) $100M Technology Morgan Stanley
Sells software tools that streamline app development.
Metacrine (MTCR) $100M Health Care Jefferies
Phase 1 biotech developing FXR agonist therapies for NASH.
StepStone Group (STEP) $100M Financials JP Morgan
Global private markets investment firm.
Sumo Logic (SUMO) $100M Technology Morgan Stanley
Provides on-demand cloud log management solutions to enterprises.
Vitru (VTRU) $100M Consumer Discretionary Goldman
Leading provider of distance learning in Brazil's postsecondary digital education market.
Corsair Gaming (CRSR) $100M Technology Goldman
Designs and supplies personal computer and gaming hardware components.
Outset Medical (OM) $100M Health Care BofA
Provides a hemodialysis system for kidney diseases.
Intrusion (INTZ) $20M Technology B. Riley FBR
Provides a family of software products for enterprise security.
Executive Network (ENPC.U) $300M SPAC Evercore ISI
Blank check company formed by Paul Ryan, Solamere Capital, and Vivint Solar co-founder Alex Dunn.
Tortoise Acquisition II (SNPR.U) $250M SPAC Barclays
Second blank check company formed by Tortoise Investments targeting the energy industry.
Sandbridge Acquisition (SBG.U) $200M SPAC Citi
Blank check company formed by Sandbridge Capital targeting a consumer business.
Software Acquisition II (SAIIU) $150M SPAC B. Riley FBR
Second blank check company led by former Ooyala officers targeting a software company.
Good Works Acquisition (GWACU) $150M SPAC I-Bankers
Blank check company targeting a business experiencing financial distress or restructuring.


The article 13 companies file to list on Monday: IPO market set to explode after Labor Day originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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