Several high-profile firms went public in the first half of 2021 through initial public offerings (IPOs).
Coinbase Global Inc (NASDAQ: COIN), Bumble Inc (NASDAQ: BMBL), Roblox Corp (NYSE: RBLX), Petco Health and Wellness Company Inc (NASDAQ: WOOF), Poshmark Inc (NASDAQ: POSH), and The Oatly Group AB-ADR were among the most well-known firms that completed their initial public offerings in 2021. (NASDAQ: OTLY).
Many well-known companies are expected to make public offerings in the second half of 2021, with some already filing and others potentially on the way.
Investors should keep an eye on seven IPOs that could take place in the second half of 2021.
Krispy Kreme (Krispy Kreme): Krispy Kreme, a doughnut chain, could be one of the first companies to go public in the second half of 2021.
According to a new filing, the company is looking to sell shares for $21 to $24 a share, valuing the company at up to $4 billion. JAB took Krispy Kreme private in 2016, and following the offering, it will hold 38.6 percent of the company.
With sales of $1.12 billion in 2020, Krispy Kreme set a new record for the firm. From 2016 to 2020, the company grew at a compound annual rate of 19.1 percent. The company’s first-quarter revenue was $321.8 million, up from $261.2 million in the preceding year’s first quarter.
Krispy Kreme has over 8,200 outlets and retail partners across the world. The company also owns the Insomnia Cookies brand, which expects to establish 30 sites in 2021 after opening 17 in 2020.
Following the offering, shares will trade under the symbol DNUT.
Robinhood: The trading platform Robinhood could be one of the most anticipated IPOs of 2021. With the rise of retail traders, the company’s well-known brand, and ease of use for rookie traders, the company’s accounts have grown in 2021.
Robinhood has over 13 million users and aims to reward them by giving them early access to its initial public offering (IPO).
According to a fresh source, the IPO has been postponed because the SEC is investigating Robinhood’s bitcoin operations.
Instacart: Grocery delivery service Instacart is exploring an initial public offering (IPO) in 2021 that could value the company at over $40 billion.
With new delivery categories and worldwide expansion, the company is expanding. According to Supermarketnews, the company made numerous significant employees to help with expansion.
The company presently operates in the $1.3 trillion North American grocery sector, with delivery and pickup services available in Canada.
Instacart is North America’s largest third-party online grocery platform, with over 55,000 retailers in 5,500 cities. 85 percent of households in the United States and 70% of households in Canada are served by the corporation.
Instacart’s most recent funding rounds valued the company at $17.7 billion and $39 billion, respectively, in October 2020 and March 2021.
Petco, Poshmark, Bumble, Coinbase, and Others Are Among The 10 IPOs To Watch In 2021
Rivian Automotive, an electric vehicle manufacturer, is looking for underwriters for an IPO. Amazon.com Inc (NASDAQ: AMZN) and Ford Motor Company are both investors in the company (NYSE: F). With a public sale, Rivian might be valued at $70 billion.
Rivian will launch the R1T, an electric pickup truck with a range of more than 300 miles, according to the company. The R1T is expected to start at $67,500. In the future, the company wants to release a 400-mile version of the vehicle as well as a less expensive 250-mile version.
Rivian was valued at $27.6 billion in a January fundraising round that included additional funding from Amazon.
Aeropostale, Brooks Brothers, Juicy Couture, Forever 21, Barneys New York, Airwalk, Frederick’s of Hollywood, Lucky Brand, Nautica, Sports Illustrated, and Tapout could go public with an IPO valued at $10 billion.
Authentic Companies has acquired various brands on the verge of bankruptcy, including Aeropostale, by working with mall landlords such as Simon Property Group Inc (NYSE: SPG).
The company’s portfolio of more than 30 brands generates annual retail sales of more than $10 billion and has more than 5,950 locations.
SI Sportsbook will be launched later in 2021, thanks to a partnership between Sports Illustrated and 888, an online betting and gambling company. This might position Authentic Brands as a play on the retail sector’s reopening as well as the expansion of online sports betting.
Sweetgreen is a healthy cuisine, fast service restaurant franchise that has filed for an initial public offering (IPO).
The organization, which began operations in 2007, now has over 100 locations and wants to expand countrywide. The company’s expansion and brand awareness could be aided by growth in the plant-based food segment. Consumer demand from millennials and Generation Z could also benefit the company.
Naomi Osaka, a tennis player and one of the company’s initial investors, is a supporter.
Sweetgreen was valued at $1.8 billion in a fundraising round earlier this year.
Clear Secure, an identity verification company, has filed to go public, with a market capitalization of more than $4 billion.
The company was founded in 2010 in response to the increased time spent screening passengers in airports following 9/11. 38 airports and 25 sports and entertainment partners use Clear Secure. More than 61 million people use the service.
Clear Secure could be a way to profit from the current surge in airline travelers as the country reopens. The startup offers a subscription service that expedites the screening of verified travelers, which might be a significant benefit as airports experience more traffic.
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