Last week’s initial public offering (IPO) action saw 9 of 10 scheduled listings make their entry into the public markets. The nine IPOs raised a total of $931 million in new capital. The action continues in the coming week with 11 IPOs slated to price seeking a total of about $3.4 billion in new capital.

Allakos Inc. (NASDAQ: ALLK) raised $128 million in an upsized offering of 7.1 million shares priced at $18, above the expected range of $15 to $17. Shares got a first-day pop of 74% and closed the week up 95%.

Tilray Inc. (NASDAQ: TLRY) raised $153 million selling 9 million shares at $17, above the expected range of $14 to $16. Shares got a first-day pop of 32% and closed the week up 75%.

Establishment Labs Holding Inc. (NASDAQ: ESTA) raised $67 million in an upsized offering of 3.7 million shares at $18, above the expected range of $15 to $17. Shares got a first-day pop of 38% and closed the week up 47%.

Crinetics Pharmaceuticals Inc. (NASDAQ: CRNX) raised $102 million in an upsized offering of 6 million shares at $17, the high end of the expected range. Shares got a first-day pop of 44% and closed the week up 35%.

Rubius Therapeutics Inc. (NASDAQ: RUBY) raised $241 million in an upsized offering of 10.5 million shares at $23, above the expected range of $20 to $22. Shares got a first-day pop of 5% and closed the week up 15%.

Coastal Financial Corp. (NASDAQ: CCB) raised $41 million in an upsized offering of 2.9 million shares at $14.50, just below the high end of the expected range. Shares got a first day pop of 13% and closed the week up 9%.

Replimune Group Inc. (NASDAQ: REPL) raised $101 million selling 6.7 million shares at $15, the midpoint of the expected range. Shares got a 1% bump on the Friday IPO.

First Western Financial Inc. (NASDAQ: MYFW) raised $38 million in an upsized offering of 2 million shares priced at $19, the low end of the expected range. Shares got a first-day pop of 4% and closed the week up 1%.

Constellation Pharmaceuticals Inc. (NASDAQ: CNST) raised $60 million in a downsized offering of $4 million shares priced at $15, the midpoint of the expected range. Shares dropped 23% on the first day of trading and closed the week down 21%.

Through the week ending July 20, IPO ETF manager Renaissance Capital reported that 114 IPOs have priced in the U.S. so far this year, up 37% year over year. Total proceeds raised through last week equaled $29.6 billion, up about 40% year over year.

For 2017, Renaissance Capital reported a total of 160 IPOs, up 52% year over year from 105 in 2016. Total 2017 proceeds amounted to $35.5 billion compared with a 2016 total of $18.8 billion. Renaissance Capital does not include “best efforts” or blank-check companies in its totals, nor does it include IPOs that raise less than $10 million. Shares are expected to price Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol CCB.

Here are the 11 IPOs on this week’s agenda.

Aquestive Therapeutics Inc. is a drug maker developing oral film formulations for central nervous systems disease therapies. The firm plans to offer 4 million shares in an expected price range of $14 to $16 to raise $60 million at a market cap of $362 million. Underwriters are BMO Capital Markets, RBC Capital Markets, Wedbush Pacgrow, and JMP Securities. Shares are scheduled to price Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol AQST.

Bloom Energy Corp. makes and sells solid oxide fuel cells. The company plans to offer 18 million shares in an expected price range of $13 to $15 to raise $252 million at a market cap of $1.72 billion. Underwriters include J.P. Morgan, Morgan Stanley, Credit Suisse, KeyBanc Capital Markets, BofA/Merrill Lynch, Baird, Cowen, HSBC Corp., Oppenheimer & Co., and Raymond James. Shares are scheduled to price Tuesday and begin trading Wednesday on the New York Stock Exchange under the ticker symbol BE.

Aurora Mobile Ltd. is a Guangdong, China-based provider of mobile marketing campaigns and other apps services in China. The company plans to offer 12 million American Depositary Shares (ADS) in an expected price range of $8.50 to $10.50 to raise $114 million at a market cap of $1.25 billion. Three ADSes are equal to two class A common shares. Underwriters are Goldman Sachs (Asia), Credit Suisse, and Deutsche Bank. Shares are scheduled to price Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol JG.

Berry Petroleum Corp. is an independent upstream energy company developing and producing conventional oil reserves in the western United States. The company plans to offer 18.75 million shares in an expected price range of $15 to $17 to raise $300 million at a market cap of $1.43 billion. Underwriters include Goldman Sachs, Wells Fargo Securities, BMO Capital Markets, Evercore ISI, UBS Investment Bank, KeyBanc Capital Markets, Capital One Securities, Johnson Rice & Co., Simmons & Co., Tudor Pickering Holt & Co., ABN AMRO, ING, BOK Financial Securities, and Citizens. Shares are scheduled to price Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol BRY.

Cango Inc. is a Shanghai-based online car marketplace for Chinese consumers and businesses. The company plans to offer 12.5 million ADSes in an expected price range of $10 to $12 to raise $$138 million at a market cap of $1.78 billion. Each ADS is equal to two class A ordinary shares. Underwriters include Morgan Stanley, BofA/Merrill Lynch, Goldman Sachs (Asia), China Merchants Securities, and Guotai Junan Securities. Shares are scheduled to price Wednesday and begin trading Thursday on the New York Stock Exchange under the ticker symbol CANG.

Focus Financial Partners Inc. operates a national network of independent wealth managers. The company plans to offer 16.2 million shares in an expected price range of $35 to $39 to raise $600 million at a market cap of $2.26 billion. Underwriters include Goldman Sachs, BofA/Merrill Lynch, KKR, BMO Capital Markets, RBC Capital Markets, SunTrust Robinson Humphrey, Fifth Third Securities, Keefe Bruyette Woods, MUFG, Raymond James, Regions Securities, and William Blair. Shares are scheduled to price Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol FOCS.

Liquidia Technologies Inc. is a late-stage biopharmaceutical firm developing a treatment for pulmonary arterial hypertension and another for local post-operative pain. The company plans to offer 4.55 million shares in an expected price range of $10 to $12 to raise $50 million at a market cap of $175 million. Underwriters are Jefferies, Cowen, Needham & Co., and Wedbush PacGrow. Shares are scheduled to price Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol LQDA.

Pinduoduo Inc. is a Shanghai-based provider of a mobile e-commerce app for group buying in China. The company plans to offer 85.6 million ADSes in an expected price range of $16 to $19 to raise $1.5 billion at a market cap of $21.9 billion. Each ADS represents four class A ordinary shares. Underwriters for the offering are Credit Suisse, Goldman Sachs (Asia), CICC, and China Renaissance. Shares are scheduled to price Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol PDD.

Tenable Holdings Inc. provides analytics-based vulnerability management software for enterprises. The company plans to offer 9.2 million shares in an expected price range of $17 to $19 to raise $166 million at a market cap of $1.84 billion. Underwriters include Morgan Stanley, J.P. Morgan, Allen & Co., Deutsche Bank, Stifel, William Blair, and BTIG. Shares are scheduled to price Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol TENB.

Endava PLC is a U.K.-based firm that offers outsourced IT development services. The company plans to offer 5.6 million American Depositary Receipts (ADRs) in an expected price range of $17 to $19 to raise $101 million at a market cap of $987 million. Each ADR represents one class A ordinary share. Underwriters for the offering include Morgan Stanley, Citi, Credit Suisse, Deutsche Bank, Cowen, and William Blair. Shares are scheduled to price Thursday and begin trading Friday on the New York Stock Exchange under the ticker symbol DAVA.

Opera Ltd. is a Norway-based provider of web browsers and digital search products. The company plans to offer 9.6 million ADSes in an expected price range of $10 to $12 to raise $106 million at a market cap of $1.26 billion. Underwriters are CICC and Citi. Shares are scheduled to price Thursday and begin trading Friday on the Nasdaq under the ticker symbol OPRA.

 

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