IPO Calendar Filled With Large Tech Deals – Investor’s Business Daily


It’s going to be a busy week ahead for initial public offerings, including one backed by Warren Buffett’s Berkshire Hathaway (BRKB) that’s drawing heightened interest. The IPO calendar is filled with large technology offerings.




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Berkshire Hathaway plans to plow $570 million into the IPO of Snowflake (SNOW), a company that provides businesses with a tightly integrated data management system. Additionally, the venture capital arm of Salesforce.com (CRM) will invest $250 million.

The Snowflake IPO plans to raise $2.2 billion by offering 28 million shares at a price range of $75 to $85. It trades Wednesday under the ticker SNOW.

Among others, JFrog (FROG) looks to raise $405 million. Its leading product enables organizations to continuously deliver software updates across any system. Also, it provides a critical bridge between software development and deployment.

IPO Calendar Includes Vitru, Sumo, Unity Software

The JFrog IPO is offering 11.6 million shares at a price range of $33 to $37. It trades Wednesday under the ticker FROG.

Among others, Vitru (VTRU) aims to raise $258 million. It’s offering 11.2 million shares at a price range of $22 to $24. The Brazilian company is a leading provider of online learning. It focuses on postsecondary education students. The Vitru IPO trades Thursday, under the ticker VTRU.

Also coming is Sumo Logic (SUMO), which looks to raise $281 million. It’s offering 14.8 million shares at a price range of $17 to $21. Sumo Logic provides software that helps companies manage the transition to digital applications and cloud computing. In addition, the software uses artificial intelligence to provide actionable insights.

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The Sumo Logic IPO trades Thursday.

Another is Unity Software (U), which claims to be the leading platform for creating and operating interactive, real-time 3D content. Artists, architects, automotive designers, filmmakers and others use the platform. The company plans to raise $950 million, pricing 25 million shares in the range of $34 to $42. The Unity Software IPO trades Friday under the ticker U.

Medical IPOs On Tap

Meanwhile, medical companies on the IPO calendar include Outset Medical (OM), which provides a hemodialysis system for kidney diseases. It plans to raise $175 million, trading Wednesday under the ticker OM. Also, Metacrine (MTCR), a biopharmaceutical company developing therapies for liver and gastrointestinal diseases, plans to raise $85 million, trading Wednesday under the ticker MTCR.

Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

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