September 18, 2020

Initial public offerings scheduled to debut next week

Published

NEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.


Week of Sep. 14

AmWell – Boston, 35 million shares, priced $14-$16, managed by Morgan Stanley/Goldman Sachs. Proposed NYSE symbol AMWL. Business: Provides a telehealth platform for insurers and patients.

Asana – San Francisco, 30 million shares, priced at $28, managed by Morgan Stanley/JP Morgan. Proposed NYSE ASAN. Business: Provides enterprise task management and collaboration software.


Broadstone Net Lease – Rochester, N.Y., 33.5 million shares, priced $17-$19, managed by JP Morgan/Goldman Sachs. Proposed NYSE BNL. Business: Single-tenant commercial net lease REIT with 633 properties in the U.S.



Dyne Therapeutics – Waltham, Mass. 10.3 million shares, priced $16-$18, managed by JP Morgan/Jefferies. Proposed Nasdaq symbol DYN. Business: Preclinical biotech developing oligonucleotide therapies for rare muscular diseases.

Greenwich LifeSciences – 2.9 million shares, priced $5.75-$6.75, managed by Aegis Capital Corp. Proposed Nasdaq symbol GLSI. Business: Phase 3 biotech developing immunotherapies for breast cancer.


JFrog – Netanya, Israel, 11.6 million shares, priced $33-$37, managed by Morgan Stanley/JP Morgan. Proposed Nasdaq symbol FROG. Business: Sells software tools that streamline app development.

Metacrine – San Diego, 6.5 million shares, priced $12-$14, managed by Jefferies/Evercore ISI. Proposed Nasdaq symbol MTCR. Business: Phase 1 biotech developing FXR agonist therapies for NASH.


Outset Medical – San Jose, Calif., 7.6 million shares, priced $22-$24, managed by BofA Securities/Morgan Stanley. Proposed Nasdaq symbol OM. Business: Provides a hemodialysis system for kidney diseases.

Pactiv Evergreen – Lake Forest, Ill., 41 million shares, priced $18-$21, managed by Credit Suisse/Citi. Proposed Nasdaq symbol PTVE. Business: Manufacturer of fresh food and beverage packaging in North America.

Palantir – Denver, Colo., 244.2 million shares, priced at $11.50, managed by Morgan Stanley/Credit Suisse. Proposed NYSE symbol PLTR. Business: Data analytics platform focused on the government and financial.

Snowflake – San Mateo, Calif., 28 million shares, priced $75-$85, managed by Goldman Sachs/Morgan Stanley. Proposed NYSE symbol SNOW. Business: Provides a cloud-based data warehousing platform.


StepStone Group – New York, 17.5 million shares, priced 15-$17, managed by JP Morgan/Goldman Sachs. Proposed Nasdaq symbol STEP. Business: Global private markets investment firm.

Sumo Logic – Redwood City, Calif., 14.8 million shares, priced $17-$21, managed by Morgan Stanley/JP Morgan. Proposed Nasdaq symbol SUMO. Business: Provides on-demand cloud log management solutions to enterprises.

Unity Software – San Francisco, 25 million shares, priced $34-$42, managed by Goldman Sachs/Credit Suisse. Business: Provides a real-time 3D video game development platform.

Vitru – Santa Catarina, Brazil, 11.2 million shares, priced $22-$24, managed by Goldman Sachs/BofA Securities. Proposed Nasdaq symbol VTRU. Business: Provides online and tutored post-secondary education services in Brazil.

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