A Look At Upcoming IPOs For The Week: Robinhood, PowerSchool, Duolingo

With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. According to Benzinga Pro, these enticing companies are scheduled to trade

With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. According to Benzinga Pro, these enticing companies are scheduled to trade publicly this week.

• PRESTON HOLLOW COMMUNITY CAPITAL, INC PHCC will be trading publicly starting on 2021-07-29. The company's price band is set between $18.0 and $20.0 with an insider lock-up period of 180 days. PRESTON HOLLOW COMMUNITY CAPITAL, INC will be offering 10,526,000 shares at a per-share value of $19.0.

• Robinhood Markets, Inc HOOD becomes publicly listed starting on 2021-07-29. The company has a price range set between $38.0 and $42.0 with a 180-day lockup period. Robinhood Markets, Inc will be offering 55,000,000 shares at a per-share value of $40.0.

• Dole plc DOLE will be trading publicly starting on 2021-07-28. The company's price band is set between $20.0 and $23.0 with an insider lock-up period of 180 days. Dole plc will be offering 23,539,000 shares at a per-share value of $21.5.

• PowerSchool Holdings, Inc. PWSC becomes publicly listed starting on 2021-07-28. The company has a price range set between $18.0 and $20.0 with a 180-day lockup period. PowerSchool Holdings, Inc. will be offering 39,474,000 shares at a per-share value of $19.0.

• Duolingo, Inc DUOL will be trading publicly starting on 2021-07-28. The company's price band is set between $85.0 and $95.0 with an insider lock-up period of 180 days. Duolingo, Inc will be offering 5,106,000 shares at a per-share value of $89.89.

• SNAP ONE HOLDINGS CORP SNPO will be trading publicly starting on 2021-07-28. The company's price band is set between $18.0 and $21.0 with an insider lock-up period of 180 days. SNAP ONE HOLDINGS CORP will be offering 13,850,000 shares at a per-share value of $19.49.

What Are IPOs?

Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on exchanges. IPOs typically offer companies the ability to build capital by distributing shares across the market. A company interested in becoming publicly tradeable must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.

Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.