With the enthusiasm for stocks on the rise again, the US IPO market seems to be on fire as it marches on with more than 500 companies going public in the first half of 2021.  

According to Stock Analysis, there were a whooping 560 IPOs on the US market in 2021 thus far. Note that in the same period of last year, the US market had just 98 IPOs. Ok, the COVID-19 pandemic that hit the world in Q2 might also have had something to do with that, but still, it is clear that US IPO market is on fire at the moment.

This week, two well-known U.S. companies are returning to public markets, with LegalZoom.com and Krispy Kreme coming later this week. We also have the “Uber of China” DiDi Global set to start trading Wednesday, followed by D-Market, the “Amazon of Turkey” on Thursday. In the table below we list some of the largest and most interesting IPOs that we expect this week.

Podravka held their GSM yesterday during which the company’s shareholders approved a dividend of HRK 9 per share. According to yesterday’s closing price this translates to a dividend yield of 1.5%. Ex-date is set for July 28^th 2021.

Note that this marks the third year in a row that Podravka will pay out a dividend of HRK 9 per share. When compared to the Group’s FY 2020 net profit, the approved amount translates to a pay-out ratio of 25% which is in line with the Company’s dividend policy and in line with our assumptions.

In the graph below, we are bringing you the historical overview of the company’s dividend per share and dividend yield. Note that the yields were calculated based on the closing price the day before the initial dividend proposal.

Dividend per Share (HRK) and Dividend Yield (%) (2016 – 2021)

Ericsson NT held their GSM yesterday during which the company’s shareholders approved a dividend of HRK 82 per share. According to yesterday’s closing price this translates to a dividend yield of 4.9%. Ex-date is set for July 1^st 2021.

When compared to the previous year, the approved dividend of HRK 82 per share represents a 67% YoY increase.

In the graph below, we are bringing you the historical overview of the company’s dividend per share and dividend yield. Note that the yields were calculated based on the closing price the day before the initial dividend proposal.

The value of last week’s taxable invoices (21^st Jun – 27^th Jun 2021) increased by 20% YoY. Meanwhile it is encouraging that the value of invoices is up 1% when compared to the same week in 2019, according to the latest announcement from the Tax Administration of the Republic of Croatia being tracked for Covid-19 pandemic purposes.

The weekly data issued by the Croatian Tax Administration, a department of the Ministry of Finance, who stated that the total value of taxable invoices issued last week is up by 20% YoY (or HRK 716.7m), reaching HRK 4.3bn. For the first time in a while, the value of invoices not only reached but also surpassed the value of invoices in the same period of 2019. Note that the value of invoices was up by 1% and surplus amounted to HRK 31m.

Increase in taxable invoices in wholesale and retail trade in the same period was at 14% (or HRK +357m) to HRK 2.85bn. Compared to the same week in 2019, value of invoices is up by 6%.

Meanwhile, the value of taxable invoices for the accommodation and food services activities increased by 40% YoY (HRK 200m) to 695.26m. Comparing the same period in 2019, it is still significantly lower. Namely by 22% (or HRK 191.75m). This doesn’t come as much of a surprise when considering that many travel restrictions and epidemiological measures in place have weighed heavily on Croatia’s pre-season activities.