After a few weeks of IPOs filled with plenty of diversity, the pace will slow a little this week. Currently the IPO market is moving at a record clip, raising more money than we've seen since just before the 2008 financial crisis. With volatility creeping lower lately, the environment has been almost perfect for companies to launch. This week we have three names on the block:
The first IPO, which will most likely get most of the attention, is Pluralsight (PL ), an enterprise-level online training company. The company is looking for $228 million, which gives them a value of just over $1.5 billion. This may be persuasive to some investors, particularly considering the rapid growth of the company. If you dig a little deeper, though, you'll find that Pluralsight's marketing efforts have resulted in sharp losses. They will offer 20 million shares at a range of $10 - $12.
Second up is Trinity Merger (TMCXU ), a blank check company focused in the real estate sector. The company is looking to raise $300 million by offering 30 million shares at $10. The proceeds will be used to acquire a particular real estate business. As is common with blank check companies, the acquisition target remains a mystery.
Finally, VectoIQ Acquisition (VTIQU ) is another blank check company, though it is focused on the transportation space. The company is seeking $200 million by offering 20 million shares at $10 and has strong management experience on board.
