Pricings scheduled during the week include
- Fuqin Fintech (FQJR) on July 29 as well as
- Dynatrace (DT), Kura Sushi USA (KRUS), Rapt Therapeutics (RAPT) and Sundial Growers (SNDL) on August 1.
- New Fortress (NASDAQ:NFE) on July 30.
A significant event for the IPO market will be Beyond Meat's (BYND) earnings report on July 29. Analysts will be watching revenue and EBITDA (break even?) guidance from the company to see what the expected impact is from the growing number of selling partnerships in place. Following the sputtering debuts this year of Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT), Beyond Meat has helped to focus some investor attention back to the IPO market. Still, there is the question if the next-gen meat deserves its lofty valuation, which now stands higher than the market caps of Post Holdings (NYSE:POST), Campbell Soup (NYSE:CPB), Lamb Weston (NYSE:LW) and J.M. Smucker (NYSE:SJM) to name a few well-known food sector stalwarts.
No comments:
Post a Comment