It's another busy week for IPO's as companies rush to launch prior to year end. There are also a few names that are still trying to launch that are also on the block as well. Names like Workspace Property Trust (WSPT ), MPM Holdings (MPMH ), LivexLive Media (LXL ), and AMERI Holdings (AMRH ) will try again this week to get their deals done.
The largest offering of the week is Canuelas Mill (MOLC ) which is a leading food company in Aregentina. They control some of the large brands in Argentina including Pureza, 9 de Oro and Mama Cocina. These all fall in the ready mixed flours and bread crumb product area. They will be looking for $302 million in exchange for 19.5 million shares at a range of $14 - 17.
The next largest of the week is Chinese consumer loan and credit website Jianpu Technology (JT ). They will be looking for $214 million in exchange for 22.5 million shares at $8.50 - $10.50. It is a younger company, as are so many that are listing out of China.
There are two biotech companies on the block this week. Arsanis (ASNS ) which is a clinical stage firm focused on infectious diseases, and scPharmaceuticals (SCPH ) which is developing and commercializing an injectable drug for heart failure. Both have deal sizes under $100 million.
Bluegreen Vacations (BXG ) is a name that might get some attention this week. They are a rapidly growing, timeshare ownership company with over 42 resorts. They are looking to expand and will be offering 6.5 million shares at a range of $16 - $18 this week in an attempt to raise $110 million.
SendGrid (SEND ) is an email marketing platform that is looking for $112 million this week. The company was founded back in 2009 and shows $103 million in sales for the previous 12 months. They will offer 7.7 million shares at a range of $13.50 - $15.50.
Stitch Fix (SFIX ) is a larger, online personal styling retailer that has seen rapid growth and market share. They use data science and fitting algorithms to determine size and style for their clients. They will be looking for $190 million by offering 10 million shares at a range of $18 - $20.