IPO Preview: 12 Deals To Watch This Week

This week’s IPO schedule could include dozens of companies going public including several high-profile names. Here is a look at some of the top planned offerings of the week that investors should watch.

Dingdong: China e-commerce company Dingdong (NYSE:DDL) plans on selling 14 million ADS at a price point of $23.50 to $25.50.

The company holds a 10% market share for China’s on-demand e-commerce market and is one of the fastest-growing e-commerce companies in the country.

Dingdong had revenue of $1.7 billion in 2020 and $580.3 million in the first quarter of 2021.

LegalZoom: With a leading online platform for legal and compliance solutions, LegalZoom (NASDAQ:LZ) has a mission to democratize law. The company helps with items such as business formation, intellectual property and estate planning.

LegalZoom had revenue of $471 million in 2020, up 15% year-over-year. The company operates in 50 states and has a serviceable market of $48.7 billion. LegalZoom is planning on selling 19.1 million shares at a price point of $24 to $27.

The company had revenue of $93.1 million in fiscal 2021 and has a current annual run rate of $161 million.

SentinelOne works with over 4,700 customers including organizations of all sizes.

Forty percent of the company’s revenue comes from international markets including operations in 111 countries.

First-quarter revenue of $43.9 million was up 65% year-over-year.

The company plans on selling 10.5 million shares at a price point of $25 to $28.

Clear Secure could be a way to play the rise in airline passengers happening now as the country reopens. The company sells a subscription product that helps get verified passengers through screening quicker, which could be a big plus as airports see a rise in traffic.

Didi Global had revenue of $21.6 billion in 2020 and $6.4 billion in the first quarter of 2021.

Didi Global’s solutions include shared mobility, auto solutions, electric mobility and autonomous driving.

The company counts more than 493 million annual active users and processes over 41 million average daily transactions. Didi Global plans to sell 288 million ADS at a price point of $13 to $14.

EverCommerce serves over 500,000 customers and has grown sales at a compounded annual growth rate of 61.3% from 2018 to 2020.

The company had revenue of $337.5 million in fiscal 2020.

EverCommerce plans on selling 19.1 million shares at a price point of $16 to $18.

Related Link: Krispy Kreme IPO: Doughnut Maker Returning To Public Market After Best Year, Growth Of Insomnia Cookies

D-Market: The largest commerce platform in Turkey is going public with D-Market Electronic Services & Trading (NASDAQ:HEPS) offering 56.7 million ADS at a price point of $11 to $13.

The company has more than 33 million members including more than 9 million active members. Founded in 2000, D-Market has 96% brand awareness in Turkey, which is the 13th largest economy in the world by GDP. The company offers services such as shop online, grocery delivery, international delivered goods, online pay and buying airline tickets online.

The company launched third-party marketplace sales in 2015, which is now 59% of gross merchandise volume for the company.

Krispy Kreme: Doughnut chain Krispy Kreme (NASDAQ:DNUT) is planning to sell 26.7 million shares at a price point of $21 to $24.

The company was taken private in 2016 by JAB, which will own 38.6% of shares after the offering and could be valued at $4 billion in the offering. The company posted its highest sales amount in company history in 2020 with sales of $1.12 billion. Sales grew at a compounded annual growth rate of 19.1% from 2016 to 2020.

First-quarter revenue was $321.8 million for the company compared to $261.2 million in the prior year’s first quarter. The company has more than 8,200 stores and partnered retail locations globally. Krispy Kreme also owns the Insomnia Cookies brand which opened 17 locations in 2020 and has plans to open 30 stores in 2021.

Torrid Holdings: The largest direct-to-consumer company for apparel and intimates for plus-size women is Torrid Holdings (NYSE:CURV).

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.