Jun 28, 2021 (IAM Newswire via COMTEX) -- 17 IPOs are slated to raise $9.1 billion in the week ahead, led by long-awaited Chinese ride-hailing giant DiDi Global /zigman2/quotes/227703899/composite DIDI -1.81% which is scheduled to make its billion-dollar debut.
DiDi is aiming for a market cap of of $67.5 billion. China's dominant ride-hailing app expects to raise more than $4 billion in its IPO which could be one of the year's largest. With 15 million drivers across 4,000 cities, Didi ranks among the five largest privately held start-ups in the world, backed up by SoftBank Group Corp /zigman2/quotes/207137761/composite SFTBY -0.23% , Uber /zigman2/quotes/211348248/composite UBER +11.49% and Tencent /zigman2/quotes/207908563/composite TCEHY +2.51% . Revenue more than doubled in the first quarter of the year for this unprofitable company with an accumulated deficit that has been probed by China's regulators due to anti-trust violations.
Cybersecurity platform which provides an AI-powered and automated cybersecurity defence, SentinelOne /zigman2/quotes/208685669/composite S +0.44% , plans to raise $880 million at an $8.2 billion market cap. Fast growing and unprofitable, it counts 4,700 customers as of April 30 [th] .
D-MARKET Electronic Services & Trading
Istanbul-based e-commerce platform D-MARKET Electronic Services & Trading /zigman2/quotes/227783999/composite HEPS -6.59% plans to raise $681 million at a $3.9 billion market cap. Under the name Hepsiburada, it connected 33 million members, 9 million Active Customers, and a base of approximately 45 thousand Active Merchants last year. Although fast growing, EBITDA turned negative during the first quarter of the year.
A brand famous for its glazed doughnuts, Krispy Kreme /zigman2/quotes/227704127/composite DNUT -4.74% plans to raise $600 million at a $3.8 billion market cap. An omni-channel business operating through a network of doughnut shops, partnerships with retailers, and an e-Commerce and delivery business, it has a long track record and strong brand awareness, but it has yet to prove its growth strategy.
At its second IPO attempt, the legal solutions provider LegalZoom.com /zigman2/quotes/208773050/composite LZ -6.02% plans to raise $488 million at a $5.3 billion market cap. It claims to be a leading online platform for legal and compliance solutions that helped form 10% of new LLCs and 5% of new corporations in the US last year. During the first quarter, it was profitable on an EBITDA basis, operating across all 50 states in the US.
Identity verification platform Clear Secure /zigman2/quotes/227698187/composite YOU -0.92% targets to raise $396 million at a $4.34 billion market cap. Its secure identity platform uses biometric technology to validate identity. As of the end of May, its network included 38 airports, 26 sports and entertainment partners, along with 67 Health Pass-enabled partners.
Chinese grocery delivery platform Dingdong /zigman2/quotes/227698451/composite DDL -2.00% pegged its valuation at $6 billion, hoping to raise $343 million. With fresh groceries as its core product categories, this unicorn Shanghai-based company is unprofitable but with explosive growth, claiming to be the fastest growing on-demand e-commerce company in China.
A leading provider of integrated, vertically-tailored SaaS solutions for service-based SMBs serves over 500,000 customers, EverCommerce /zigman2/quotes/227704031/composite EVCM -3.32% set the terms for a $3.4 billion IPO, hoping to raise $325 million. The business has three core verticals: Home Services, Health Services, and Fitness & Wellness Services.
A provider of industry-specific, cloud-based software solutions for the professional and financial services industry across the globe, Intapp /zigman2/quotes/227704149/composite INTA -0.38% filed for a $278 million IPO. As of March 31 [st] , it had over 1,600 clients and it currently has more than 20 clients with contracts greater than $1 million of ARR. It is aiming for a market cap of $1.9 billion.