Investing in an initial public offering (IPO) portfolio can help diversify your core equity holdings. This week, investors should keep a watch out for the following forthcoming IPOs.
1. Zhangmen EducationZen
Zhangmen Education (NYSE: ZME). They have filed for a $100 million IPO in the United States, albeit the final sum may change. In China, the company offers online after-school tutoring for K-12 learners. Zhangmen Education will be issuing 3,623,000 shares with a target price of $11.00 – $13.00 on June 7th.
2. Zeta Global Holdings
Zeta Global Holdings (NYSE: ZETA). They are a customer lifecycle management marketing firm that was established in 2007. Zeta is a prominent data-driven marketing technology business that serves over 1,000 business clients in a variety of sectors. Zeta Global Holdings intends to offer 22,727,272 shares of stock at a target price of $10.00 – $12.00 on the week of June 7th.
TaskUs (NASDAQ: TASK). They are a digital outsourcer that specializes in representing, protecting, and growing the brands of technology firms. TaskUs has established the parameters of its IPO, with an estimated price of up to $2.3 billion valuing the firm. TaskUs intends to offer 13,200,000 shares at a target price between $22.00 – $24.00.
Monday.com (NASDAQ: MNDY). They are a project management software tool that allows businesses to manage activities and collaborations. Its parent firm, Monday.com Labs Ltd., raised $150 million in July 2019, based on a $1.9 billion value. In May 2021, the firm filed for an initial public offering (IPO). Monday.com is poised to offer 3,700,000 shares of stock at a target price of $125.00 – $140.00 on the week of June 7th.
5. LifeStance Health Group
LifeStance Health Group (NASDAQ: LFST). They intends to raise $640 million in an initial public offering. LifeStance Health Group is poised to offer 40,000,000 shares of stock at a target price of $15.00 – $17.00 on the NASDAQ.
Should You Invest in IPOs?
Investing in a well-designed portfolio of listed firms reduces the risk of holding individual IPOs. IPOs can be a great way to get in on an exciting company from the ground floor. You need to be aware of the potential risks as well.
If you are thinking about investing in an IPO, you should consult with a financial advisor to see if it is right for you and your investment strategy.