Ozon Holdings, a Russian online retailer, raised $990M in its initial public offering in the U.S., with shares rising as much as 42% in their first trading day. Ozon is the first Russian IPO to list on U.S. domestic exchanges since May of last year. Meanwhile, Vision Marine Technologies soared 72% in its debut on Wednesday.

LATEST IPOS:

HF Enterprises (HFEN) opened on November 24 at $6.80. The company had priced its initial public offering of 2.16M shares of its common stock at a public offering price of $7.00 per share. Aegis Capital acted as lead bookrunning manager. HF Enterprises is a holding company principally engaged through its subsidiaries in property development, digital transformation technology and biohealth activities.

Ozon (OZON) opened on November 24 a $42.30 per American Depositary Share, or ADS. The company had priced 33M ADSs at $30.00. The deal size was increased to 33M shares of common stock from 30M shares of common and priced above the $22.50-$27.50 range. Morgan Stanley, Goldman Sachs, Citi and UBS acted as joint book running managers for the offering. Ozon Holdings is a Russian online retailer.

Vision Marine Technologies (VMAR) opened on November 24 at $11.03. The company had priced 2.4M shares at $10.00. ThinkEquity acted as sole book running manager for the offering. Vision Marine Technologies designs and manufactures electric outboard powertrains for marine use.

SPAC IPOS:

Forest Road Acquisition (FRX) opened on November 25 at $10.35. The blank check company had priced its upsized initial public offering of 26.1M units at $10.00 per unit. Forest Road Acquisition currently intends to concentrate its search for a target business operating in the technology, media and telecommunications space.

Spartan Acquisition Corp. II (SPRQ) opened on November 25 at $10.24. The blank check company had priced its initial public offering of 30M units at $10.00 per unit. Spartan Acquisition Corp. II intends to focus its search for a target business in the energy value chain in North America. The company is sponsored by Spartan Acquisition Sponsor II, which is owned by a private investment fund managed by an affiliate of Apollo Global Management (APO).

Spring Valley Acquisition (SVSV) opened on November 24 at $10. The blank check company had priced its initial public offering of 20M units at $10.00 per unit. Spring Valley Acquisition intends to target companies in the sustainability industry, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services.

10x Capital Venture Acquisition (VCVC) opened on November 24 at $10. The blank check company had priced its initial public offering of 17.5M units at $10.00 per unit. 10X Capital Venture Acquisition intends to focus on identifying high growth technology and tech-enabled businesses domestically and abroad in the consumer internet, ecommerce, software, healthcare and financial services industries, as well as other industries that are being disrupted by advances in technology and on technology paradigms including artificial intelligence, automation, data science, e-commerce and Software-as-a-Service.

Tiga Acquisition (TINV) opened on November 24 at $10.20. The blank check company had priced its initial public offering of 24M units at $10.00 per unit.

Genesis Park Acquisition (GNPK) opened on November 24 at $10. The blank check company had priced its initial public offering of 15M units at $10.00 per unit. Genesis Park Acquisition intends to focus on opportunities that align with the significant aerospace and aviation services experience of its management team, board of directors and advisory committee. The company is sponsored by Genesis Park Holdings, an affiliate of Genesis Park, a Houston-based private equity firm, and is led by David Siegel as Chairman, Paul Hobby as CEO and Jonathan Baliff as President and CFO.

PERFORMANCE:

• HF Enterprises finished the week at $5.55 after opening at $6.80.
• Ozon ended Friday at $40.
• Vision Marine Technologies finished the week at $14.12.

UPCOMING IPOS: 

Among the upcoming IPOs are Airbnb (AIRB), DoorDash (DASH), Affirm (AFRM), Roblox (RBLX), Caliber Home Loans (HOMS), and Sigilon Therapeutics (SGTX).

On November 13, DoorDash filed its S-1 with the SEC for its initial public offering. The company plans to list on the NYSE under the ticker "DASH." The offering is being led by Goldman Sachs and JPMorgan. In 2019 and during the nine months ended September 30, 2020, the company generated revenue of $885M and $1.9B, respectively. In 2019 and during the nine months ended September 30, 2020, they had a net loss of $667M and $149M, respectively, and ($475M) and $95M, respectively, in Adjusted EBITDA, the filings with the SEC reveal.

Airbnb, the home rental company, has announced that it confidentially submitted a draft registration Statement on Form S-1 to the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.

On November 18, Affirm Holdings announced that it has filed a registration statement on Form S-1 with the U.S. SEC relating to a proposed initial public offering of shares of its Class A common stock. Affirm intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “AFRM.” Affirm, which was co-founded by Max Levchin, a co-founder of PayPal (PYPL), says it is "building the next generation platform for digital and mobile-first commerce, making it easier for consumers to spend responsibly and with confidence, easier for merchants to convert sales and grow, and easier for commerce to thrive." The payments startup lets consumers pay for goods in installments.

On November 20, gaming platform Roblox officially filed with the SEC for its IPO. The company, which has seen its child-friendly videogame platform's sales soar amid the pandemic, said in its filing that it averaged 31.1 million daily active users across 180 countries during the first nine months of the year.

New Residential Investment (NRZ) has announced that an affiliate of NewRez, a mortgage lending and servicing organization, has confidentially submitted a draft registration statement with the SEC relating to the proposed initial public offering of NewRez's common stock. The initial public offering is expected to take place after the SEC completes its review process.

Caliber Home Loans is a financial services company and an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved servicer for FHA, VA and the USDA.

Sigilon Therapeutics is developing functional cures for chronic diseases through its Shielded Living Therapeutics platform. Sigilon was founded by Flagship Pioneering in conjunction with Daniel Anderson, Ph.D., and Robert Langer, Sc.D., of the Massachusetts Institute of Technology.