4 Companies To Join Hot IPO Market, Bringing Exposure To Vaping Sales In China And Luxury E-Commerce

Ecommerce, Selling Online, Online Sales, E-Commerce

The hot IPO market continues with four more additions in the shortened four-day trading week ahead. Here's a preview of what's coming.

Dream Finders Homes

One of the nation’s fastest growing homebuilders is set to go public this week under the Nasdaq ticker symbol DFH with an offer of 9.6 million shares at a price point of $12 to $15.

The company designs, builds and sells homes in high-growth areas like Jacksonville and Orlando, Florida; Austin, Texas; Denver and Washington, D.C. The company also offers title and mortgage banking services.

Dream Finders acquired H&H Homes in Oct. 2020, which gives it access to fast-growing markets like Raleigh and Charlotte. Dream Finders Homes sold its first home in 2009 and has sold over 9,100 since then. The H&H acquisition made it the 11th largest private homebuilder based on 2019 revenue, according to the prospectus.

The company says it has been profitable every year since inception. Revenue was $672.7 million for the first nine months of 2020, or $843.6 million with H&H factored in. Revenue for fiscal 2019 was $744.3 million and $976.6 million with H&H included.

Dream Finders Homes has a return on equity of 41% as of September, compared to an industry average of 15% for public homebuilders, according to the prospectus.

The first nine months of 2020 were the company's most successful months for new-order volume in its history.

MYT Netherlands

This luxury e-commerce company owns the Mytheresa brand and is seeking to sell 15.65 million shares at a price point of $16 to $18. It will be listed on the New York Stock Exchange under the ticker symbol MYTE.

The company has brand relationships with Alexander McQueen, Burberry, Dolce & Gabbana, Gucci and Prada.

MYT ended the last fiscal year with 486,000 active customers, according to the prospectus. The company shipped over 1,092,000 orders to 133 countries in the last fiscal year, representing 449.5 million euros in revenue. Sales have grown at a compounded annual growth rate of 25% in the last four fiscal years.

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