A Look At Upcoming IPOs For The Week

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.

• Lulu's Fashion Lounge Holdings, Inc LVLU becomes publicly listed starting on 2021-11-11. The company has a price range set between $16.0 and $19.0 with a 180-day lockup period. Lulu's Fashion Lounge Holdings, Inc will be offering 5,750,000 shares at a per-share value of $17.5.
• Weave Communications, Inc. WEAV will be trading publicly starting on 2021-11-11. The company's price band is set between $25.0 and $28.0 with an insider lock-up period of 180 days. Weave Communications, Inc. will be offering 5,000,000 shares at a per-share value of $26.5.
• Backblaze, Inc BLZE will be trading publicly starting on 2021-11-11. The company's price band is set between $15.0 and $17.0 with an insider lock-up period of 180 days. Backblaze, Inc will be offering 6,250,000 shares at a per-share value of $16.0.
• Rivian Automotive, Inc RIVN will be trading publicly starting on 2021-11-10. The company's price band is set between $57.0 and $62.0 with an insider lock-up period of 180 days. Rivian Automotive, Inc will be offering 135,000,000 shares at a per-share value of $59.5.
• Expensify, Inc. EXFY will be trading publicly starting on 2021-11-10. The company's price band is set between $23.0 and $25.0 with an insider lock-up period of 180 days. Expensify, Inc. will be offering 9,731,000 shares at a per-share value of $24.0.
• HERTZ GLOBAL HOLDINGS, INC HTZ will be trading publicly starting on 2021-11-09. The company's price band is set between $25.0 and $29.0 with an insider lock-up period of 180 days. HERTZ GLOBAL HOLDINGS, INC will be offering 37,100,000 shares at a per-share value of $27.0.
• THIRD COAST BANCSHARES, INC TCBX becomes publicly listed starting on 2021-11-09. The company has a price range set between $24.0 and $26.0 with a 180-day lockup period. THIRD COAST BANCSHARES, INC will be offering 3,000,000 shares at a per-share value of $25.0.
• Society Pass Incorporated SOPA becomes publicly listed starting on 2021-11-09. The company has a price range set between $8.0 and $10.0 with a 180-day lockup period. Society Pass Incorporated will be offering 2,889,000 shares at a per-share value of $9.0.

Evaluating IPOs

An initial public offering, or IPO, is the transitional process of a private company deciding to go public and offer shares to investors on an exchange. Typically, IPOs offer companies the ability to build capital. Before a company becomes publicly listed, it must 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.