On October 20, 2021 – AirSculpt Technologies, a provider of body contouring services that remove fat, has filed to raise $160M in its IPO (Initial Public Offering).
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- Detailed instructions how to participate in AirSculpt (pre-IPO, offering price) see below👇
What is an IPO and how it works
IPO is a process of offering shares of a private corporation to the public in a new stock issuance. Why go public? The primary benefit of going public is easier access to capital.
To go public, a company must have a track record of growth and other favorable results and hire an investment bank (Morgan Stanley/ Piper Sandler/ SVB Leerink in AirSculpt case) to come in and underwrite the IPO. The underwriters also performed due diligence and verified financial information and business model.
Once the paperwork done, the company sells the stock to institutional investors. When the initial block of shares has been sold, the company with underwriters' help sets an initial price and date for the stock to begin trading on a stock exchange.
Company Profile and Financial Indicators before AirSculpt IPO
AirSculpt is an experienced, fast-growing national provider of body contouring procedures delivering a premium consumer experience. At Elite Body Sculpture, we provide custom body contouring using our proprietary AirSculpt® method that removes unwanted fat in a minimally invasive procedure, producing dramatic results. It is our mission to generate the best results for our patients.
Acting as Elite Body Sculpture, the company provides customized body contouring using its patented AirSculpt method. In 2020, the company performed over 5,800 body contouring procedures.
The signature procedure of the holding company operating under the Elite Body Sculpture requires no needles, sutures or scalpels. Body contouring is minimally invasive - the focus is on removing excess fat.
The company has 16 centres in 13 US states. In 2020, more than 5,800 surgeries were performed nationwide.
The holding has achieved a revenue of $63m in 2020 (up from $41m in 2019), with $61m in the first six months of 2021. In 2021, the firm went into profit - $16.6m for the six months ended on June 30. As a result, the company's post-IPO valuation could be as high as $941m.
According to AirSculpt Technologies, the market for fat removal procedures in North America was valued at $2.6bn in 2020, and it is expected to grow by 9.8% annually until 2026. The non-surgical fat removal market was valued at $434 million in 2020. Grand View Research gives a more optimistic estimate of $992.5 million and predicts an annual growth rate of 16.4% between now and 2027. The key drivers of the industry are sedentary lifestyles and physical inactivity, which the pandemic has exacerbated.
Market Cap $885.7mil
Revenues $101.5 mil (last 12 months)
Net Income $7.8 mil (last 12 months)
How to Buy AirSculpt Stocks Before the IPO (Offering Price)
In the past, IPOs as highly profitable investments were available only to the privileged customers of the leading brokerage firms and it was challenging for retail investors to gain access. You couldn't buy shares paying the price set by the company and you had to wait until the shares actually start trading on the public stock market at whatever stock price supply and demand allows.
Technologies and marketplaces changed the rules of the game, now regular investors can get pre-IPO shares. To participate in AirSculpt IPO you need to use an IPO investing app like Freedom Finance (NASDAQ: FRHC), TD Ameritrade or Fidelity. They give its customers access to IPOs and secondary offerings through their existing brokerage account. Also you can buy AirSculpt shares when the company goes public via a commission-free trading app like eToro.
🚨 Detailed Instructions How to Participate in the AirSculpt IPO before public trading:
Below we share the instruction how to participate in the approaching AirSculpt IPO using Freedom Finance (Freedom24 platform). This marketplace is chosen as an example because it's been listed there.
🎁 A special offer is available for this IPO.
*** Freedom Finance services are NOT available to US citizens and residents.
- Apply for a Freedom Finance account — you need to prepare your identity document and a document confirming the address of residence (utility bill). The verification process is very fast, it will take 2 minutes to create your account.
- Deposit your account — to participate in an IPO, your account must have available funds in the amount you send IPO application for.
- 💡 Tip: It's recommended to deposit your account in advance. Often the exact IPO date is undefined until the last day. You may have a short notice for participation and account deposits also takes time for processing. Also, sometimes Freedom sends last-minute IPO offer when you have 2 hours to participate.
- Submit a request to participate in the IPO — when applications are open select AirSculpt and click Participate in the IPO > input the amount you want to invest > Send your application. Note: Before the book closing, a request can be withdrawn. At the time of the book closing, 1 day before the start of the exchange trading, the specified amount will be blocked on the account.
- Wait for allocation — The actual number of stocks purchased during an IPO depends on supply and demand. The higher underwriter reserves the right to partial execution of collective applications. So if the demand is high you may get less than you applied for. Of course, you will only pay for the shares purchased. The rest of the funds will be returned to your account.
- Start of trading — With the beginning of the public trading on the stock exchange, the purchased shares will appear on the account and a lock-up period will start — a 93-day period of prohibition on sale. You can’t sell stocks, but you can track their current value and growth indicators in your personal member area and a trading terminal.
- Closing your trade — At the end of the 93 days lock-up period, you will be able to manage your stocks at your discretion — leave in the portfolio or sell and withdraw money or transfer the stocks to another depository/ broker in your name. This can be done in your account by clicking the ‘Sell’ button next to the name of the security. In this case, a commission of 0.5% of the amount of the sale transaction is charged.
Is investing in IPOs profitable?
Not always. The average return at the end of the lock-up period is 72%, past IPOs data.
When is the AirSculpt IPO date?
AirSculpt's IPO date is October 29, 2021.
What is AirSculpt IPO price range?
AirSculpt IPO price range is $15.00 - $17.00 per share.
How to Invest in AirSculpt after the IPO date (opening price)?
After the IPO you can buy AirSculpt stocks via Freedom24. Or if you're from the US use a commission-free trading app like eToro on the first trading day.
In what currency AirSculpt IPO and post-IPO shares will be traded?
The AirSculpt IPO and stock trading currency will be USD.
If you have funds in another currency the cheapest way to convert your currency is to use the mid-market rate (that’s the one you’ll find on Google) which can be done via a fintech service like Wise. Banks may add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice. Wise never hides fees in the exchange rate.
What is the AirSculpt (stock symbol)
The stock ticker for AirSculpt will be AIRS
AirSculpt Registration Statement on Form S-1
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