The IPO boom continues with 30 companies going public in big IPOs last week!
And another 12 big IPOs are scheduled for this week.
Venture capitalists, Wall Street banks and hedge funds don’t WAIT for stocks to launch IPOs. Instead, they scoop up shares before these deals happen – often paying pennies on the dollar.
Instead, they use something that I call The Billionaire’s Pre-IPO Secret to buy shares BEFORE a stock goes public.
Let’s dig into this week’s big IPOs.
Affirm: Online Payment Plan Provider
For the year ending June 2020, Affirm facilitated over $4.6 billion in transactions. Meanwhile, the company reported revenues of $510 million.
Affirm plans to go public on Jan. 13. The IPO range is $41 – $44 per share. And the company expects to raise $1 billion at a valuation of over $12 billion.
Petco: Leading Retail and Online Pet Store
Petco (NASDAQ : WOOF) has been in the pet store business since 1965. The company operates over 1,400 retail locations. The company is benefitting from increased pet ownership during the pandemic.
Last year the company’s sales increased 1% to reach $4.4 billion. Meanwhile, the company’s earnings before interest and taxes increased 152% to reach $111 million.
Petco plans to IPO on Jan 13. The proposed share price is a range of $14 – $17. The IPO is expected to raise $744 million and give the company a market capitalization of $4 billion.
Poshmark: E-commerce Marketplace
Poshmark (NASDAQ: POSH) is an online marketplace that helps 31 million people buy and sell clothes, shoes and jewelry. The site offers over 200 million new and used items.
In the first nine months of last year, the company’s revenues jumped 28% to reach $192 million. The company turned profitable– reporting income of $21 million in income.
Poshmark plans to start trading on Jan. 14. The IPO price is expected in the range of $35 – $39 per share. And the transaction could raise $244 million at a $3 billion valuation.
And those are just three of the top IPOs that I’m watching this week.
Folks like us will have to wait for these stocks to start trading. Unfortunately, Wall Street’s investment banks don’t let regular investors BUY IPO shares.
That means we’ll have to wait for these stocks to go public . . . and then buy shares once they’re trading on the NASDAQ.
Frankly, that’s why I’m focused on buying private Pre-IPO shares. It’s a chance to grab a stake in a private company BEFORE the stock goes public and starts trading.
My #1 EV battery stock for 2021 is quietly preparing to go public. And for the next few weeks you have a shot at BUYING Pre-IPO shares.
Yours in Wealth,