As is typical during the Thanksgiving holiday, IPOs tend to take some time off. Don't let this deter you, though, or think that the IPO markets are done for the year. This year in particular the IPO markets are set to break records. Compared to last year, the IPO market has seen double-digit growth as a robust stock market continues to support new issues.
While there are no new IPOs on the block for this week, there are still many filings, which gives us a clue as to the strength of the IPO market going into the end of the year. Currently there is over $6 billion in new issues looking to launch by the end of the year. Expect the first full week in December to be a busy one.
One of the notable names that will catch the eye of IPO analysts as the year comes to an end is AXA Equitable Holdings, the asset management division of AXA SA,which, at the moment, is the largest potential offering. As of now, they are shooting to raise $3 billion. There is no ticker symbol yet for the IPO, which may mean that 2018 is the target launch.
Americold Realty Trust (NYSE: COLD) is another sizable offering that could launch anytime. They are looking for around $500 million to further expand their temperature-controlled warehouses. They are already the world's largest cold storage company, with over 160 locations.
There are others that could launch this week, but as of now, the indication is that they will wait until next week. As for names that have gone public in November, IPO investors continue to be attracted to fair valuations. The names that have priced high in November have only seen a 1% gain on average.