The cryptocurrency exchange Coinbase will trade on the Nasdaq.
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Coinbase isn’t the only company listing its shares this week. Nine other businesses are also making their public equities markets debut.
Of the 10, nine will trade on the Nasdaq: Coinbase, Alkami Technology, Applovin, TuSimple, Karat Packaging, Esports Technologies, Akoya Biosciences, Biomea Fusion and Recursion Pharmaceutical. Agilon Health is making its debut on the New York Stock Exchange.
Coinbase, the largest U.S. cryptocurrency exchange, is scheduled to begin trading on Wednesday under the ticker COIN. The Nasdaq will issue a reference price for the direct listing later Tuesday.
Coinbase stockholders have registered 114.85 million shares, according to a March 23 prospectus. No price has been set for the stock, although Coinbase shares have sold privately for between $200 and $375.01 during the first quarter, the prospectus said.
Alkami Technology is making its debut on Wednesday as well. The company plans to sell six million shares at $26 to $28 each, up from $22 to $25, its amended prospectus said. At $28 a share, Alkami could raise as much as $168 million. The shares will trade under the symbol ALKT.
Alkami provides a cloud-based digital banking platform that lets its clients offer retail banking services like account balances, transfers and bill pay as well as financial wellness, fraud protection and marketing.
On Thursday, five companies are slated to open: Agilon Health, Applovin, TuSimple, Karat Packaging and Esports Technologies.
Agilon Health, a healthcare services company, could raise as much as $1.07 billion. The company is offering 46.6 million shares at $20 to $23 each, a prospectus said. It is scheduled to trade under the ticker AGL.
Applovin, which is backed by KKR, provides software that is used by mobile-game developers to grow their businesses. The company is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end. The company plans to trade under the symbol APP.
TuSimple, which supplies self-driving technology for trucks, is selling nearly 34 million shares at $35 to $39 each. It will trade under the ticker TSP.
Karat Packaging could bring inasmuch as $79 million; it is offering 3.95 million shares at $18 to $20 each. Its ticker is KRT. Karat makes and distributes environmental friendly, single use, disposable food service products like takeout containers, cups and cutlery.
Esports Technologies is an online gambling company and accepts wagers on titles such as Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory and FIFA. Esports is selling 2 million shares at $5 to $6 each, a prospectus said. It will trade under the symbol EBET.
A trio of biotechs deals, Akoya Biosciences, Biomea Fusion and Recursion Pharmaceutical, begin trading Friday. Akoya Biosciences provides spatial biology solutions that help biotech researchers perform tissue analysis and spatial phenotyping. The company is selling 6.58 million shares at $18 to $20. It plans to trade under the symbol AKYA.
Biomea Fusion is offering 7.5 million shares at $15 to $17 each. It is trading under the ticker BMEA. Biomea is developing small molecule drugs to treat patients with genetically defined cancers.
Recursion Pharmaceutical is selling 18 million shares at $16 to $18 each. Its ticker is RXRX. Recursion uses software, algorithms, and machine learning to develop new drugs for oncology, rare genetic diseases like GM2 gangliosidosis and infectious diseases like C-diff.
Write to Luisa Beltran at [email protected]
