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Msg  36513 of 39000  at  8/3/2020 5:54:12 AM  by

Glenntrader

The following message was updated on 8/3/2020 5:54:12 AM.

This Week's IPO's 8/3-8/7

Looks like a busy week for IPOs ahead:
Three more SPACs IPOs, YAC.U, GOAC,U & VMAC.U. These will be ignored by me;
Big Commerce Holdings (BIGC) produces E-Commerce Software. Its book managers are MS, Barclays. Jefferies and KeyBanc Capital Markets. It is currently looking to sell 6.9 million shares at between 18.00-20.00 and is expected to open for trading on Wednesday. This could be interesting;
Rackspace Technology (RXT) is a company wholly owned by Apollo Capital that produces cloud technology. Its book managers are GS, C, JPM, RBC Capital Markets and Evercore ISI. They are currently looking to sell 33.5 million shares at between 21.00-24.00 and are also expected to open for trading on Wednesday. I rated it a maybe due to its large debt load even after the IPO and I await to see its pricing;
Acutus Medical (AFIB) is a biotech working to help cardiac arrhythmia. It has JPM, BAC and William Blair as its book managers. It is currently looking to only sell 7.4 million shares between 16.00-18.00 and is expected to open for trading on Thursday. This could be interesting due to insiders also buying the IPO issued shares;
Oak Street Health (OSH) is a primary care health services provider for people who have Medicare Advantage Plans (like me). JPM, GS and MS are its book managers. They are currently looking to sell 15.6 million shares between 15.00-17.00 and are expected to open for trading on Thursday. Might be another winner;
Rocket Companies (RKT) is the issuer of rocket mortgages and other financial products. It is a big deal looking to issue 150 million shares currently priced between 20.00-22.00. It should be a Hot IPO with interviews being conducted around the timing of its opening on Thursday. It has a huge list of book managers that include GS, MS, CS, JPM, BAC, UBS amongst others and
IDEX Ltd. (IBEX) a Bermuda based company that is in the outsourcing industry. It does already have free cash flow, which is unusual for a IPO. C, RBC and Baird are the book managers for this deal that is currently looking to see 4.8 million shares between 20.00-22.00. Currently this is the only IPO slated to start trading on Friday. We could see others jump in, but hopefully not. I think this could be an interesting IPO.
Good luck


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36515 Re: This Week's IPO's 8/3-8/7 limegoldconvertible68 1 8/3/2020 7:18:48 AM






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