The initial public market is maintaining its momentum with another busy week of debuts for the week ahead. A diverse group of eight companies plan raise about $6.5 billion at launch this week, lead by three billion dollar listings.
In the week's largest listing, Ortho Clinical Diagnostics Holdings plc (OCDX ) plans to raise over $1.85 billion from 70 million shares priced between $20 to $23 each. The company is a pure-play in vitro diagnostics business, produces diagnostic testing solutions for use in clinical lab environments.
Shoals Technologies Group, Inc. (SHLS ) follows, also planning to raise over $1.85 billion from 70 million shares offered in the range of $22 to $23 each. The solar equipment supplier designs and manufactures products for use in solar energy projects.
Qualtrics International Inc. (XM ) is next, planning to raise over $1.68 billion from roughly 50 million shares offered in the range of $27 to $29 each. The Qualrics was acquired by SAP back in 2018 and will still be controlled by SAP post-IPO. Qualtrics provides a customers and employee experience management platform with over 12,000 organizations in its user base.
ZIM Integrated Shipping Services Ltd. (ZIM ) plans to raise over $382 million from 17.5 million shares offered between $16 to $19 each. The Israeli shipping company has operated a global network of 66 weekly lines, calling at 310 ports in more than 80 countries, as of Sept. 30, 2020.
Home Point Capital Inc. (HMPT ) aims to raise nearly $302 million from 12.5 million shares priced between $19 to $21 each. The residential mortgage producer has a portfolio of nearly 5,000 broker partners, which service about 300,000 customers.
Vinci Partners Investments Ltd. (VINP ) plans to raise $287 million from roughly 13.9 million shares priced between $16 to $18 each. The Brazilian asset manager's strategies include private equities, public equities, real estate, credit, infrastructure, hedge funds, and investment products and solutions. As of Sept. 30, 2020, the firm had $8.7 billion assets under management.
Southeastern Grocers, Inc. (SEGR ) plans to raise nearly $164 million from 8.9 million shares priced between $14 to $16 each. The company operated over 400 stores under the "Winn-Dixie," "Harveys," and "Fresco y Mas," supermarket banners and is estimated to be the sixth largest conventional supermarket operator in the United States.
Agrify Corp (AGFY ) plans to raise about $32 million from nearly 2.8 million shares priced between $8 to $10 each. The indoor farming services provider offers a portfolio of seamlessly integrated hardware and software offers for precision growing.