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Let’s Take a Look at Some Upcoming IPOs This Week – May 10, 2021

So far in 2021 there have been quite a few appealing Initial Public Offerings (IPOs) available on the stock market. Here are some upcoming IPOs that investors should be watching this week.

1. Zenvia

Zenvia (NASDAQ: ZENV) is a Latin American company that offers a communications platform, has applied for an initial public offering (IPO) to raise up to $100 million. Their streamlined end-to-end platform enables businesses to build innovative consumer communications interactions. Zenvia will be issuing 12,909,091 shares with a target price of $15.50-$17.50 on May 10th.

2. Vera Therapeutics

Vera Therapeutics (NASDAQ: VERA) is a clinical-stage biotechnology corporation specializing in immunological and inflammatory disease therapies. This company was created in 2016 and plans to trade under the name VERA on the Nasdaq. Vera Therapeutics intends to offer 4,350,000 shares of stock at a target price of $14-$16 on the week of May 10th. 

3. Similarweb

Similarweb (NYSE: SMWB) is a website that offers companies web analytics services. This company is a strategic digital intelligence tool that gives you an in-depth look at your market, rivals, and consumers. Similarweb intends to offer 8,000,000 shares at a target price between $19-$21. 

4. iPower

iPower (NASDAQ: IPW) is one of North America’s leading online retailers and suppliers of hydroponic equipment and accessories. Their goal is to be the most reliable and accessible online source for hydroponic supplies and equipment. iPower is poised to offer 3,000,000 shares of stock at a target price of $7-$9 on the week of May 10th. 

5. Flora Growth

Flora Growth (NASDAQ: FLGC) is a global cannabis company that supplies cannabis derivatives to its various business units using natural, low-cost growing practices. This company is building purpose-built, EU-GMP-compliant facilities to meet the highest quality requirements in the world. Flora Growth is poised to offer 22,576,140 shares of stock at a target price of $20-$24 on the NASDAQ.

Should I Invest in IPOs?

Investing in anything can be a very personal decision. Sometimes you may not feel like you know what the best options are, or even how to get started. If this is the case, feel free to reach out to a financial advisor who may be able to assist you in your investment journey.