The initial public offering market (IPO) cooled off last week, with only one traditional IPO listing. However, the week ahead plans to reignite the market, with 7 traditional offerings from diverse industries planning to raise a combined $3.5 billion.
Last week's recap:
In the week's lone offering, dLocal Ltd. (NASDAQ: DLO) priced its shares well above its range to raise nearly $618 million. The cross-border payments processing provider helps global markets make and receive payments on a safe and easy-to-use platform. The stock ended the week up 64%.
For the week ahead:
Marqeta, Inc. (NASDAQ: MQ) plans to raise nearly $1.3 billion from more than 45 million shares priced between $20 to $24 each. The payments platform allows businesses to launch and manage their own card programs, issue cards to their customers, and authorize and settle transactions. The company has big names like Affirm (NASDAQ: AFRM) and DoorDash (NYSE: DASH) among its customers.
LifeStance Health Group, Inc. (NASDAQ: LFST) plans to raise $782 million from 40 million shares prices between $15 and $17 each. The mental health services platfrom employs more than 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021.
monday.com Ltd. (NASDAQ: MNDY) plans to raise nearly $570 million from 3.7 million shares priced between $125 to $140 each. The Israeli software provider allows customers to build custom software applications and work management tools for various office solutions. The company as served nearly 128,00 customers across more than 200 industries in over 900 countries, as of March 31, 2021.
TaskUs, Inc. (NASDAQ: TASK) plans to raise more than $364 million from 13.2 million shares priced in the range of $22 to $24 each. The digital business services outsourcer providers customer experience and security services, as well as artificial intelligence solutions.
Zeta Global Holdings Corp. (NYSE: ZETA) plans to raise nearly $314 million from more than 22.7 million shares priced between $10 to $12 each. The company provides a marketing platform that uses identity data to target, connect, and engage consumers across various channels including email and social media. Zeta delivered about 500 million ad impressions throughout 2020.
1stDibs.com, Inc. (NASDAQ: DIBS) plans to raise nearly $139 million from 5.75 million shares priced between $18 and $21 each. The online luxury goods marketplace connects buyers and sellers of vintage, antique, and contemporary furniture, home decor and apparel.
Zhangmen Education Inc. (NYSE: ZME) plans to raise more than $54 million from over 3.6 million shares priced between $11 to $13 each. The Chinese online tutoring platform says it held 32% of the online K-12 tutoring market in 2020.