US Stock Intelligence Officer | Linear

This week's IPO market appears to be relatively flat compared to the activity of the previous two weeks. As of October 20, there are 6 companies to be listed this week, still mainly in the technology and medical sectors. Among them, it is worth taking a look at:

Datto, a cloud software hosting service company, has a compound annual growth rate of its industry four times that of the entire small IT market.It has a lot of room for development.

China Securities Shares Yangang Pearl focuses on trucking, whileChina's trucking service industry is one of the largest transportation industries in the world.

As an anti-virus software known to Windows users, McAfee is well known to Windows users,possessionIntelAs the support of its shareholders, and its customers are mainly governments and large enterprises, it has strong customer recognition.

-Editor's noteThis week's IPO company information

Introduction to individual stocks

Technology stocks

Datto Holding($Madison Strategic Sector Premium Fund (MSP.US) $):

SaaS company Datto Holding plans to issue 22 million shares at a price of $24 to $27. The company is a leading global provider of cloud-based software and technology solutions for managed service provider partners.

Datto Holdings has over 17,000 hosting providers. As of June 2020, these customers accounted for 40% of its revenue. Its revenue for fiscal year 2019 was $458.8 million, with most revenue coming from recurring subscriptions.

The company believes the potential market size for managed service provider partners is $137 billion. The market is expected to grow at a CAGR of 16.4% by 2023, four times the growth rate of the entire small business IT market.$McAfee Corp.. (MCFE.US) $

Top level in cybersecurityincorporationOne of them will return to the public market this week, this isMcAfee Inc.The second IPO is expected to issue 37 million shares at a price of $19 to $22.

In 2011, Intel bought McAfee for $7.7 billion. In 2017, Intel sold most of the company's shares for $4.2 billion. The IPO is expected to value McAfee more than $9 billion.

McAfee is a pioneer and leader in protecting consumers, businesses, and governments from cyber attacks. The company has over 30 years of industry experience, and the average length of contracts with clients is over 20 years. The company protects more than 600 million devices and is trusted by 86% of the top 100 companies and 78% of the top 500 companies.

McAfee's revenue has grown from $1.9 billion in 2011 to $2.6 billion in 2019. The company announced a net loss of $236 million in 2019. For the first six months of 2020, revenue was $1.4 billion and net loss was $31 million.The increase in the number of people online and using mobile devices, the rise in cyber attacks, and the shift of workplaces to digitalization are reasons why McAfee sees further growth in the future.The company believes its total potential market will reach $30.4 billion by 2020.

Following this release, Intel will own 1.8% of the company's shares.China Securities

$Pearl Freight (YGMZ.US) $

Pearl of Salt Port, also known as Pearl Freight, is a trucking service provider in China with over 17 years of experience in the transportation industry. The company established its first operating subsidiary in 2002 to carry out trucking services, then set up four other wholly-owned subsidiaries. The company currently conducts business through subsidiaries.At present, the company has become the second largest transportation service provider in Guangdong, and has been certified as an AAA-level trucking service provider by the China Federation of Logistics and Purchasing.The Pearl of Salt Port has two terminals in China, located in Guangdong and Xinjiang, respectively.

According to the prospectus, 50% of the capital raised by the company's IPO will be used to purchase new equipment through capital leasing, including trailer heads and trailers; 5% will be used to improve business, including new fleet management information systems and additional managers to expand the business; 15% will be used for strategic acquisitions and alliances, and the final 30% will be used for operating capital and general corporate purposes.

China's trucking service industry is one of the largest transportation industries in the world... China's trucking service market revenue increased from 4771.3 billion yuan (US$694 billion) in 2012 to 5161.8 billion yuan (approximately US$75.8 billion) in 2017, with a compound annual growth rate of 1.6%. Looking ahead, China's truck service market revenue is expected to increase from 5.16 trillion yuan (US$75.8 billion) in 2017 to 5.70 trillion yuan (US$829.7 billion) in 2021, with a compound annual growth rate of 2.5%. The compound annual growth rate of freight turnover increased from 17377 billion tons/km in 2012 to 19613 billion tons/km in 2017, with an average annual increase of 2.5%. Among them, the eastern region contributed the most to freight turnover.

-Salt Harbor Pearl cites Frost & Sullivan's report

In this IPO, Salt Port Pearl will issue 3 million common shares. It is estimated that the IPO price will be 4 US dollars/share, or 12 million US dollars to raise capital.Financial stocks

$Guild Holdings Company (GHLD.US) $

Guild Holdings is a US-based mortgage company seeking to expand its market share. The company has over 60 years of experience in the market, and its market share has grown from 7 basis points in 2007 to 94 basis points in 2020.

Over the past 12 months, Guild Holdings' mortgage loan originations totaled $27.8 billion. This figure has grown at a compound annual rate of 27% since 2007. Revenue for fiscal year 2019 was US$712.9 million, and net revenue was US$5.6 million. Revenue for the first six months of 2020 was $604.3 million, and net revenue was $110.8 million.

Guild Holdings plans to issue 8.5 million shares at a price of $17 to $19 per share.Health Care Unit

$Abcam plc (ABCM.US) $

Abcam PLC, a Cambridge-based life science research reagent and tool research company, plans to issue 8.9 million American Depositary Shares and list it on the Nasdaq. The IPO plans to raise $148 million and is priced at $16.52.$Foghorn Therapeutics Inc. (FHTX.US) $

Foghorn Therapeutics is a gene therapy company that plans to raise 100 million US dollars and issue 7.5 million shares at a price of 15-17 US dollars.

Based on research on chromatin regulation systems, Foghorn developed its own technology platform and named it “Gene Traffic Control” (Gene Traffic Control) to support the company's high-throughput drug discovery and development efforts. Using this technology platform, Foghorn is developing a range of drugs targeting genes related to the chromatin regulation system, including some targets for which there are currently no corresponding drugs.

Source: NetEase, IPO Scoop, Benzinga