The coronavirus pandemic took a toll on US initial public offering (IPO) market, but the tide seems to be turning as sentiment improves.
Online car dealer Vroom, payments processor Shift4Payments, and Warner Music are among the companies that are coming up with their IPOs, as US stock markets tumbled earlier this year, many companies including Airbnb dropped their listing plans.
New York-based Vroom is expected to price its shares in the IPO between $15 and $17. At the top end of the expected price, the company would raise $318.8m giving it a market capitalization of $1.92bn.
The company, founded in 2013, which buys and sells used cars also offers financing facilities. Vroom, led by chief executive Paul Hennessy, raised a total of $721m in private capital since it launched.
Shift4Payments is expected to price the shares between $19 and $21 in the IPO and plans to raise up to $315m.
It has 14 offices in North America and Europe and processes over 3.5 billion transactions annually. In the first quarter, the business, led by founder and chief executive Jared Isaacman, reported revenues of $199.4m with a net loss of $5.2m.
Warner Music’s IPO is expected next week and it would be the biggest offering of the year. It plans to sell around 70 million shares in the flotation. The shares would be priced between $23 and $26.
The group is the home of iconic labels such as, Atlantic Records, Parlophone, and Warner Classics, and its roster of artists includes Cardi B (pictured), Ed Sheeran, Bruno Mars and The Rolling Stones.
Warner Music would be valued over $13bn at the top end of the IPO price. Warner Music is a leading music and recording company.
Kathleen Smith founding principal of Renaissance Capital was positive on Warner Music’s IPO. Speaking on Fox Business on Tuesday she said: “That company is growing because of its streaming revenue. Finally, the record label companies are benefiting from that.”
She added: ” It’s one of the top record labels. I think investors are going to receive that IPO well. They’re expecting 10 percent growth and steady business.”
For more information on trading in stocks, please see our selection of some of the best online stockbrokers. We’ve also compiled a handy guide on how to short stocks.
Trusted & Regulated Stock & CFD Brokers
What we like
- 0% Fees on Stocks
- 5000+ Stocks, ETFs and other Markets
- Accepts Paypal Deposits
Min Deposit
$200
Charge per Trade
Zero Commission on real stocks
64 traders signed up today
Visit Now67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Available Assets
- Total Number of Stocks & Shares5000+
- US Stocks
- German Stocks
- UK Stocks
- European
- ETF Stocks
- IPO
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 Zero Commission
- NASDAQ Zero Commission
- DAX Zero Commission
- Facebook Zero Commission
- Alphabet Zero Commission
- Tesla Zero Commission
- Apple Zero Commission
- Microsoft Zero Commission
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
- Paypall
- Skrill
- Neteller
What we like
- Sign up today and get $5 free
- Fractals Available
- Paypal Available
Min Deposit
$0
Charge per Trade
$1 to $9 PCM
Visit Now
Investing in financial markets carries risk, you have the potential to lose your total investment.
Available Assets
- Total Number of Shares999
- US Stocks
- German Stocks
- UK Stocks
- European Stocks
- EFTs
- IPOs
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 $1 - $9 per month
- NASDAQ $1 - $9 per month
- DAX $1 - $9 per month
- Facebook $1 - $9 per month
- Alphabet $1 - $9 per month
- Telsa $1 - $9 per month
- Apple $1 - $9 per month
- Microsoft $1 - $9 per month
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
Share
