Tuesday, October 19, 2021

Watch Out For 3 Hottest IPOs Launching This June

To go public is nothing less than a milestone for companies and a multiplier for the founder’s wealth. This is one reason to explain the exponential boom of IPOs or Initial Public Offerings in the U.S. market alone. Between 2000 and 2021, as many as 5,192 companies went public on Wall Street. The largest number was recorded last year in 2020, whereas many as 480 IPOs were recorded.

Some of these IPOs were tantamount to the biggest success stories ever. For example, Alibaba Group Limited was listed in 2014 and collected a whopping $21.8 billion in its IPO, eventually taking the figure to $25 billion after underwriters sold more shares.

General Motors Company is another success story that made its debut at the end of 2010, collecting $20.1 billion.

While this tells a story about why companies want to go public- raising capital to meet diversified business needs- there are enough reasons for investors to put their money in Initial Public Offerings.

For investors, IPO is the best bet to invest in equity at the most competitive prices. Shareholders can make valuable returns, much more than the later stage investors if the company becomes a multibagger in the future. Prices of the IPOs are also much more reasonable, giving a chance to invest early in stocks that one might not afford later.

Having said that, here are the five hottest upcoming IPOs launching in June 2021

5 IPOs Launching In June 2021

1. TaskUs, Inc.

First on the list is TaskUs, an outsourcing company providing customer care and back-office support. Based out of California, it was founded by Bryce Maddock and Jaspar Weir and was incorporated in the year 2018 in Delaware under the name TU TopCO Inc, which was later changed to TaskUs in Dec 2020.

The company’s major revenue source is its recurring contracts, amounting to 99% of the company’s total profits for FY2020. Revenue for 2020 stood at $478 million, while the net earnings amounted to $34.5 million. The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the year 2020 achieved a million-dollar figure of $106.9 million at 72% CAGR in the last 3 years.

One of the key highlights of the company’s moat is its organic revenue growth. Between 2017 and 2020, TaskUs’s revenue displayed a CAGR of 60%.

  • Exchange- NASDAQ Global Select
  • Price- $22.00-24.00
  • No. of shares- 13,200,000
  • Offer amount- $364,320,000.00
  • IPO date- June 11, 2021

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2. Monday.com Ltd.

Next on the list is a software manufacturer building project management tools for organizations. Founded by Eran Zinman and Roy Man in the year 2012, the company is headquartered in Israel.

This IPO experience for the company is not new. Its parent company, monday.com Labs Ltd., launched IPO in July 2019 and raised $150 million in capital, and is now worth $1.9 billion in valuation.

The company has served more than 127,000 customers from over 190 countries as of March 31, 2021. Some of the company’s notable customers include Universal Music Group, HubSpot, The National Hockey League, The Ray White Group, etc.

  • Exchange- NASDAQ Global Select
  • Price- $125.00-140.00
  • No. of shares- 3,700,000
  • Offer amount- $569,800,000
  • IPO date- June 10, 2021

3. Zhangmen Education Inc. (ZME)

This Chinese tech company is already making waves in the education industry with its personalized K-12 one-on-one courses. According to the company survey, almost 74% of students recorded a significant increase in test scores after enrolling in Zhangmen’s courses. Some of the key features driving success for the company are proprietary technology infrastructure inculcating A.I., content development, and unique teacher management.

The company boasts of significant growth in its paid student enrollment programs. In 2020, enrollments increased by 43.2% since 2019 from 380,517 to 544,813 in 2020. A similar growth pattern was recorded in net revenue- 50.6% from RMB2,668.7 million in 2019 to RMB4,018.4 million in 2020

  • Exchange- NYSE
  • Price- $11.00-13.00
  • No. of shares- 3,623,000
  • Offer amount- $54,163,850
  • IPO date- June 8, 2021
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