Over 60 companies have gone public in the US so far this year. The US IPO market has been slow in the first quarter of 2023, following the fourth quarter of 2022 in which over 60% of IPOs were withdrawn.
Interest rate hikes and inflation may discourage investors from buying newly-issued stocks, according to PwC. Investors will be drawn to companies that have a clear path to profitability backed by solid stock fundamentals.
Though the IPO market has been somewhat sluggish, here are 3 upcoming IPOs to watch in July 2024. There may be delays as business owners try to weigh the market and judge the best time to approach investors.
| Name | Symbol | Expected IPO date | Expected price range |
|---|---|---|---|
| CAVA Group | CAVA | June 2023 | $17.00 – $19.00 |
| BranchOut Food | BOF | June 2023 | $7.00 |
| 60 Degrees Pharmaceuticals | SXTP | June 2023 | $4.30 – $6.30 |
CAVA Group is a Mediterranean fast-casual restaurant brand that operates 263 restaurants in 22 states plus Washington, D.C. Founded in 2006, the company is headquartered in Washington, D.C. Over the last 12 months, it made $608.2 million in revenue and -$41.1 million in net income. You can view its prospectus here.
BranchOut Food manufactures and markets plant-based dehydrated foods made from avocados, bananas and other foods. Founded in 2017, the company is headquartered in Oregon. Over the last 12 months, its 12-month revenue was $0.75 million, and its net income was -$4.64 million. You can view its prospectus here.
60 Degrees Pharmaceuticals develops treatments for diseases like malaria and viruses like COVID-19. The company was founded in 2013 and is headquartered in Washington, D.C. Over the last 12 months, it had $0.19 million in revenue and a net income of -$-7.87 million. You can view its prospectus here.
These are the stocks to buy when you don’t have much to spend.
Read more…
Here are the 10 best gold stocks based on year-to-date returns for July 2024.
Read more…
Here’s what happens to your securities if your brokerage fails, and how your assets are protected by SIPC and FDIC.
Read more…
Trade commission-free stocks and ETFs with Opto, and stay ahead by spotting emerging trends through thematic investing.
Check out our picks of the best paper trading platforms to practice trading and investing with fake money.
Spot Ethereum ETFs might soon be approved. Here’s how to invest if and when they become available to trade.
Check out our picks for the brokers with the best cash sweep rates on uninvested cash.
These are the best day trading platforms, according to Finder’s comprehensive analysis.
Explore the best bonuses for opening a new brokerage account.
We’ve rounded up stats on some of the most popular semiconductor stocks, along with information on how they compare and how to invest.
Check out our picks of the best brokerage accounts for beginners, micro-investing, crypto trading and more.
What you need to know about investing in the leading indicator for the overall US stock market.
Check out our 7 ideas for how to invest $10K to maximize your money.