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.
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.
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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