NEW YORK — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of Jan. 19
Driven Brands – Charlotte, N.C., 31.8 million shares, priced $17-$20, managed by Morgan Stanley/BofA Securities. Proposed Nasdaq symbol DRVN. Business: One of the largest automotive services companies with more than 4.100 locations.
Group Nine Acquisition – New York, 20 million shares, priced at $10, managed by Barclays/CODE Advisors. Business: Blank check company formed by Group Nine Media targeting the media industry.
Hennessy Capital Investment V – Wilson, Wis., 30 million shares, priced at $10 managed by Citi/Barclays. Business: Blank check company targeting US sustainable industrial technology and infrastructure.
Patria Investments – Sao Paulo, Brazil, 26.7 million shares, priced $14-$16, managed by JP Morgan/BofA Securities. Proposed Nasdaq symbol PAX. Business: Leading private equity firm based in Brazil.
RLX Technology – Beijin, China, 116.5 million shares, priced $8-$10, manaed by Citi/China Renaissance. Proposed NYSE symbol RLX: Leading e-cigarette in China.
The Associated Press