Following last week's explosive debuts of Airbnb (ABNB  ) and DoorDash (DASH  ), the initial public offering (IPO) market has cooled off slightly, but still building on December's momentum, with six traditional IPOs and five special purpose acquisition companies plan to raise about $3.2 billion in the week ahead.

ContextLogic, Inc (WISH  ), also known as Wish, is the largest debut scheduled this week, with the company planning to raise nearly $1.3 billion from 46 million shares offered in the range of $22 to $24 each. Wish provides a popular ecommerce platform in mostly North American and European markets that connects consumers to primarily China-based merchants selling inexpensive goods. The company operates in the growing discount e-commerce market, but has experienced controversies in the past over the sale of counterfeit goods. Wish's largest competitors include eBay (EBAY  ) and Asos (ASOMY  ),

Upstart Holdings, Inc. (UPST  ) follows, planning to raise about $304 million from over 12 million shares offered between $20 and $22 each. The company offers a cloud-based artificial intelligence lending platform that can better predict credit risk to aid in the relationship between consumers and lenders. Upstart's rivals include Sofi, who is rumored to be planning a public route through SPAC soon.

BioAlta, Inc. (BCAB  ) is next, aiming to raise about $184 million from 9.4 million shares offered in the range of $15 to $17 each. The solid tumor focused biotech currently has two candidates in Phase II clinical trials, with interim data expected in 2021.

908 Devices Inc. (MASS  ) follows, planning to raise $100 million from 6.3 million shares offered in the range of $15 to $17 each. The company providers handheld and desktop mass spectrometry devices which aid in life sciences research, biotechnology, bioprocessing, and forensics and other like research industries. Since its inception, the company has sold over 1,200 devices to more than 300 customers in 32 countries.

Midwest Holding Inc (MDWT  ) is next, planning to raise over $85 million from 1 million shares offered in the range of $70 to $74 each. The financial services company uses its platform to develop and distribute insurance products through third-party independent marketing organizations. The company is currently listed on the OTCQB under the ticker MDWT.

Wunoug Net Technology Co Ltd (WNW  ) is last, aiming to raise about $36 million from roughly 6 million shares offered in the range of $4 to $6 each. The company operated an online and mobile commerce food product retailer, offering a portfolio of over 300 products. Wunoug plans to open franchise restaurants in China where customers will be able to rent cooking facilities using the company's products.