Investing
Autonomous Trucks, Health Care and More: Thursday's IPOs
Published:
Last Updated:
While Wednesday’s initial public offering (IPO) of stock in Coinbase Global Inc. (NASDAQ: COIN) may be hard to top in the excitement department, there are four more noteworthy non-SPAC IPOs launching Thursday.
While no single Thursday IPO can match Coinbase’s $85 billion opening day market cap, the four IPOs combined are set to add more than $44 billion to the value of U.S.-traded firms.
[in-text-ad]
Agilon
Agilon Health Inc. (NYSE: AGL) offers a software platform and what it calls “value-based” health care for seniors through its own Medicare Advantage plan. Agilon priced its IPO of 46.6 million shares at $23 a share, the top end of the proposed range.
The company stands to raise $1.07 billion in the IPO, at a market cap of about $8.3 billion. JPMorgan, Goldman Sachs, BofA, Deutsche Bank and Wells Fargo were lead managers for the IPO.
AppLovin
AppLovin Corp. (NASDAQ: APP) provides a platform that mobile app and game developers use to create and monetize new products. The company priced its IPO at $80 per share, the mid-point of the proposed range of $75 to $85.
The IPO will raise $2 billion for the company, at a market cap of more than $28 billion. Lead managers for the IPO include Morgan Stanley, JPMorgan, KKR, BofA, Citigroup, Credit Suisse and UBS Investment Bank.
Esports Technologies
Esports Technologies Inc. (NASDAQ: EBET) is developing and operating software platforms for esports and competitive gaming. The company priced its IPO at $6 per share, the top of its estimated range of $5 to $6.
Esports will raise $14.4 million in Thursday’s IPO, at a market cap of about $70 million. Boustead Securities was the sole bookrunner.
TuSimple
TuSimple Holdings Inc. (NASDAQ: TSP) is developing Level 4 autonomous driving technology for semi-tractor-trailer trucks. The company priced its IPO at $40 a share, above the estimated range of $35 to $39.
The deal will put $1.35 billion into TuSimple’s coffers, at a market cap of around $7.8 billion. Lead managers for the IPO were Morgan Stanley, Citigroup, JPMorgan, BofA, Cowen, Credit Suisse, Nomura and RBC Capital Markets.
24/7 Wall St.Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
