Saturday, December 4, 2021
64.4 F
Fort Worth

Two Texas companies, another with Fort Worth connections plan IPOs week of Nov. 8

🕐 2 min read

Two Texas companies and one that could make a major investment in Fort Worth are among those planning public offerings the week of Nov. 8.

The two Texas companies are:

* Vaxxinity – Dallas, 6.7 million shares, priced $14-$16, managed by BofA Securities/Jefferies. Business: Phase 2 biotech developing vaccine therapies for chronic diseases using synthetic peptides.

* Third Coast Bancshares – Humble, Texas, 3 million shares, priced $24-$26, managed by Stephens Inc/Piper Sandler. Proposed Nasdaq symbol TCBX. Business: Commercially-focused Texas bank with 12 branches. According to the bank’s website, a location is planned in Fort Worth.

Also set for an IPO this week is Rivian Automotive – Irvine, Calif., 135 million shares, priced $57-$62, managed by Morgan Stanley/Goldman Sachs. Proposed Nasdaq symbol RIVN. Business: Manufactures electric SUVs, vans and pickup trucks. The company is planning a large manufacturing plant and Fort Worth is among the cities under consideration.

The following is a list of other initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of Nov 8

Blackblaze – San Mateo, Calif., 6.3 million shares, priced $15-$17, managed by Oppenheimer & Co/William Blair. Proposed Nasdaq symbol BLZE. Business: Provides cloud storage for consumers and SMBs.

Blue Water Vaccines – Cincinnati, Ohio, 2.2 million shares, priced $8-$10, managed by Maxim Group LLC. Proposed Nasdaq symbol BWV. Business: Preclinical biotech developing vaccines for the flu and other infectious diseases.

CI&T – Sao Paulo, Brazil, 19.4 million shares, priced $17-$19, managed by Goldman Sachs/Citi. Proposed NYSE symbol CINT. Business: Brazilian provider of outsourced IT development services.

Expensify – Portland, Ore., 9.7 million shares, priced $23-$25, managed by JP Morgan/Citi. Proposed Nasdaq symbol EXFY. Business: Provides a cloud-based expense management software platform for SMBs.

FlexEnergy Green Solutions – Portsmouth, N.H., 3.9 million shares, priced $8-$10, managed by Roth Capital. Proposed Nasdaq symbol FLXE. Business: Makes turbine systems and heat exchangers.

Hertz Global Holdings – Estero, Fla., 37.1 million shares, priced $25-$29, managed by Goldman Sachs/JP Morgan. Proposed Nasdaq symbol HTZ. Business: Provides vehicle rental service.

Lulu’s Fashion Lounge Holdings – Chico, Calif., 5.8 million shares, priced $16-$19, managed by Goldman Sachs/BofA Securities. Proposed Nasdaq symbol LVLU. Business: Operates an online store for women’s apparel and accessories.

Mynaric – Gilching, Germany, 4 million shares, priced at $17.48, managed by Credit Suisse/Jefferies. Proposed Nasdaq symbol MYNA. Business: German maker of laser technologies for aerospace communications networks.

Nu Holdings – Grand Cayman, Cayman Islands, 289.2 million shares, priced $10-$11, managed by Morgan Stanley/Goldman Sachs. Proposed NYSE NU. Business: Leading digital banking platform serving Brazil, Mexico and Colombia.

Weave Communications – Lehi, Utah, 5 million shares, priced $25-$28, managed by Goldman Sachs/BofA Securities. Proposed NYSE symbol WEAV. Business: Provides a customer communication and engagement platform for SMBs. – Fort Worth Business Press staff contributed to this report.

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate