Payment startup dLocal raised $617.65M in its initial public offering, the latest payment company to come public this year. Paymentus (PAY) and Flywire (FLYW) both started trading last month, with Marqeta also set to go public soon.

LATEST IPOS AND DIRECT LISTINGS:

dLocal (DLO) opened on June 3 at $31. The company had priced 29.41M shares at $21.00, above the $16.00-$18.00 target range. JPMorgan, Goldman Sachs, Citi and Morgan Stanley acted as joint book running managers for the offering. dLocal offers services for local payments in emerging markets in 29 countries across APAC, the Middle East, Latin America, and Africa.

PERFORMANCE:

• dLocal finished Friday at $34.52.

RECENT IPOS TO WATCH:

Flora Growth (FLGC), Global-e Online (GLBE), Smilarweb (SMWB), E-home Household Service (EJH) Digital Brands (DBGI), and Vera Therapeutics (VERA) are among stocks that could see new coverage roll out this upcoming week as the quiet periods for banks that underwrote the companies' IPOs expire.

UPCOMING IPOS:

Upcoming IPO and direct listings expected include Qiniu (QNIU), NerdWallet, Didi Chuxing, Sprinklr, Save Foods (SVFD), Regencell Bioscience (RGCB), Elevation Oncology (ELEV), Camposol (CMSL), WalkMe (WKME), Rivian and Krispy Kreme (DNUT).

On May 28, Bloomberg reported that Rivian, which is backed by Amazon (AMZN) and Ford (F), is said to seek about $70B in a potential IPO and has picked the banks to underwrite the deal, according to Bloomberg. Goldman Sachs (GS), JPMorgan (JPM) and Morgan Stanley (MS) are among those said to be selected to work on bringing the company public, reported Bloomberg's Kiel Porter, Katie Roof, and Edward Ludlow, citing people familiar with the matter.

On April 30, Qiniu filed with the SEC for an initial public offering of its American depositary shares, or ADSs. The company said in its filing with the SEC that it intends to apply to list the ADSs representing its Class A ordinary shares on the Nasdaq Global Select Market under the symbol "QNIU." Qiniu describes itself as "China's leading cloud-based Platform-as-a-Service provider as measured by revenue in 2020, focusing on media and machine data, pioneering an integrated, one-stop 'cloud + data' platform that empowers enterprise customers across a wide spectrum of industries."

On May 14, Reuters reported that consumer financial advice website owner NerdWallet has hired a group of investment banks, led by Morgan Stanley, to arrange an initial public offering and confidentially submitted paperwork to SEC in advance of its plans to come public. The personal finance startup aims to go public before the end of the year and could seek a valuation of as much as $5B, Reuters' sources reportedly said.

Bloomberg has reported that China's Didi Chuxing has filed confidentially for a U.S. IPO. The Chinese ridesharing company could seek a valuation of $70B to $100B, according to Bloomberg. Other U.S.-listed ridesharing companies include Uber (UBER) and Lyft (LYFT).

Sprinklr has also announced the confidential submission of draft registration statement for proposed initial public offering. With the filing, Sprinklr is the latest high-profile start-up to seek an IPO. Sprinklr is a customer experience company.

Save Foods has filed with the SEC for an initial public offering and applied to list its common stock on the Nasdaq Capital Market under the symbol "SVFD." The common stock is currently traded on the OTC Markets, Pink Open Market, under the symbol "SAFO." Save Foods develops products to improve the food safety and shelf life of fresh produce.

Regencell Bioscience has filed a prospectus with the SEC for an initial public offering of its ordinary shares and has applied to list its ordinary shares on the Nasdaq Capital Market under the symbol "RGCB." Regencell Bioscience Holdings is developing formulations of traditional Chinese medicine for ADHD and ASD.

Camposol Holding, a global provider of fresh and healthy foods, has filed with the SEC regarding a planned initial public offering.

WalkMe announced that it has filed a registration statement on Form F-1 with the SEC relating to a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. WalkMe has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol "WKME."

Krispy Kreme has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.

On Friday, Elevation Oncology filed for an initial public offering under symbol "ELEV." Elevation Oncology aims "to make genomic tests actionable" by selectively developing drugs to inhibit the specific alterations that have been identified as drivers of tumor growth. Its lead candidate, seribantumab, is currently being evaluated in the Phase 2 CRESTONE study for patients with solid tumors of any origin that have an NRG1 gene fusion.