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(FORG), (PRCT) – IPO previews for the week

With the start of a new week comes the excitement of a new group of companies looking to make a difference with their IPOs. Benzinga Pro says these enticing companies are set to go public this week.

  • ForgeRock, Inc. (NYSE: FORG) will be publicly traded on September 16, 2021. The company’s price range is between $ 21.0 and $ 24.0 with an inside lockout period of 180 days. ForgeRock, Inc. will offer 11,000,000 shares at $ 22.5 per share.
  • PROCEPT BIOROBOTICS CORPORATION (NASDAQ: PRCT) will be listed on September 15, 2021. The company has a price range between $ 22.0 and $ 24.0 with a 180-day lockup period. PROCEPT BIOROBOTICS CORPORATION will offer 5,500,000 shares at a value of $ 23.0 per share.
  • EzFill Holdings, Inc. (NASDAQ: EZFL) will be publicly traded from September 15, 2021. EzFill Holdings, Inc. will offer 6,250,000 shares at a value of $ 4.0 per share with an insider blocking period of 180 days.
  • Dutch Bros Inc (NYSE: BROS) will be publicly traded on September 15, 2021. The company’s price range is between $ 18.0 and $ 20.0 with an insider lockup period of 180 days. Dutch Bros Inc will offer 21,053,000 shares at a value of $ 19.0 per share.
  • Turing Holding Corp. (NASDAQ: TWKS) will be listed on September 15, 2021. The company has a price range between $ 18.0 and $ 20.0 with a 180-day lockup period. Turing Holding Corp will offer 36,842,000 shares at a value of $ 19.0 per share.
  • To the Holding AG (NYSE: ONON) will be listed on September 15, 2021. The company has a price range between $ 18.0 and $ 20.0 with a 180-day lockup period. On Holding AG will offer 31,100,000 shares at a value of $ 19.0 per share.
  • Sportradar Group AG (NASDAQ: SRAD) will be listed on September 14, 2021. The company has a price range between $ 25.0 and $ 28.0 with a 180-day lockup period. Sportradar Group AG will offer 19,000,000 shares at a value of $ 26.5 per share.

Understand IPOs

An initial public offering, or IPO, is the transition process of a private company that decides to go public and offer investors shares on an exchange. Typically, IPOs offer companies an opportunity to build capital. Before a company goes public, it must meet SEC requirements and work with investment banks through audits to determine prices, offer date, and other key pre-offer data points.

Corporations and investment banks will work to determine a price range between which the stock is expected to sell. This is known as the range of offers. As soon as a company goes public, its share has an opening price. The insider blackout period is usually a set number of days after an IPO during which corporate insiders or employees with a stake of 10% or more in their company cannot sell shares.

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