Roblox and Coupang Are Set to Make Trading Debuts This Week

Barrons2021-03-09

The high-flying IPO market kicks into gear this week, with gaming platform Roblox leading a slate of at least eight companies that are going public. So far in 2021, 289 initial public offerings have ...

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Comments

LeonKCTan
2021-03-09
LeonKCTan
Noted
- YL95:
  Moon
wahpat
2021-03-09
wahpat
Anyone buying this? Give a like if in
- Lunchenmeat:
  ??
- theresaneo:
  Yes finally it's here
HuatAh0707
2021-03-09
HuatAh0707
Wow
Chriz
2021-03-09
Chriz
Gogogo
- Otahman:
  Gogo
ENAHSHANE
2021-03-09
ENAHSHANE
Meme
- Sleepinvest:
  Not me
- Chriz:
  [开心]

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It has raised $3.4 billion in funding, Crunchbase said.\nAlso expected to make its debut Thursday is First High-School Education Group, which is one of the largest operators of private high schools in Western China. It has developed a network of 19 schools, offering 14 high school programs, seven middle school programs and four tutorial school programs. It had 25,857 students as of Sept. 30, including 17,230 high school students and 8,637 middle school students,a prospectus said.\nFirst High School is selling 7.5 million American Depositary Shares at $9.50 to $10.50 a share. Each ADS represents three class A ordinary shares. The company will trade on the NYSE under the symbol FHS. The Benchmark Co, AMTD, Valuable Capital, TF International and Maxim Group are underwriters on the deal.\nFour companies are going public Friday, including Joann, Hayward Holdings, Longboard Pharmaceuticals and Prometheus Biosciences.\nJoann is thecraft retailer backed by Leonard Green & Partners. 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BofA Securities, Goldman Sachs Group and Nomura are underwriters on the deal.\nBiotechnology was one of the busiest sectors of the IPO market in 2020. Two biotechs, Longboard and Prometheus, are ending the week.Arena Pharmaceuticals(ticker: ARNA) formed Longboard in January 2020. The company develops medicines to treat neurological diseases; its most advanced product candidate, LP352, targets developmental and epileptic encephalopathies (DEEs), including Dravet syndrome and Lennox-Gastaut syndrome. The drug is in Phase 1 clinical trial, a prospectus said.\nLongboard, like most biotechs, doesn’t have revenue and isn’t profitable. The company reported $14.4 million in losses for the Jan. 3 to Dec. 31 time period, aprospectus said. It has six employees. Arena will own nearly 30% of Longboard after the IPO.\nLongboard is selling 5 million shares at $14 to $16 each. It plans to trade on the Nasdaq under the symbol LBPH.Citigroup,Evercore ISI, Guggenheim Securities and Cantor are underwriters on the deal.\nPrometheus is developing therapeutics to treat inflammatory bowel disease. Its lead product candidate, PRA023, began a Phase 1a clinical trial in normal healthy volunteers in December. Losses widened to $37.1 million for the year ended Dec. 31 from nearly $30 million in losses in 2019,a prospectus said. Collaboration revenue rose nearly 10% to $1.2 million in 2020. It has 30 full-time employees.\nPrometheus is selling 7.4 million shares at $16 to $18. It plans to trade on the Nasdaq under the symbol RXDX. 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