The IPO markets are officially done with their holiday break and ready to get back into action. This week we have three names that will try to launch which is about average for the first full week of the year. All totaled the three names will be looking to grab $1 billion from the IPO markets which is slightly above historical average.
There are other names that are on watch as potentially launching this week. Brazilian payment company PagSerguro (PAGS ) is one that has been highly anticipated by many. Their filings are complete and they are on a day to day possibility for launching. There is also Gates Industrial (GTES ). Both of these names are possibilities this week which if they do both launch, could bring the weeks totals to over $2 billion which would be a record.
The largest offering of the week is Industrial Logistics Properties Trust (ILPT ) which is looking for $590 million. This is a REIT that is spinning off from Select Income REIT (SIR ) for the purpose of focusing on industrial properties. The company will offer 20 million shares at a range of $28 to $31 which shows how confident the REIT is. Most REIT's come out at a set price. ILPT hopes to attract enough attention (and seems to already have done so) to try and push the offer price higher.
Nebula Acquisition (NEBU ) is up next with a $250 million offering. This is a blank check company that wants to focus on acquiring a technology company. They will offer 25 million shares at $10. Last year was a record year for the blank check space so many will focus on how this one does to see if that bullish trend is set to continue in 2018.
Finally we have Liberty Oilfield Services (LBRT ) with a $161 million offering. You may remember this name from last year. They have yet to launch and this will be their second attempt. After postponing last April the company has slashed their offering and will now offer 10.7 million shares at a $14 - $16 range.